Mr Price Group Limited (JSE:MRP) offered to buy Mr Price franchised business in Kenya from Deacons (East Africa) PLC (NASE:DCEA) on October 8, 2017. As a part of the transaction, Mr Price Group would acquire 11 Mr. Price Home and Mr. Price apparel stores in Kenya. The transaction is subject to approvals from regulatory authorities and shareholders and board of directors of Deacons (East Africa) PLC. The board of Deacons have approved the transaction. The shareholders of Deacon approved the deal in April 2018.

Mr Price Group Limited (JSE:MRP) completed the acquisition of Mr Price franchised business in Kenya from Deacons (East Africa) PLC (NASE:DCEA) for ZAR 16 million on May 18, 2018.