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Latest news

Lewis Group acquires 62 Ellerines and Beares stores in Africa

9 Nov, 2015

Cape Town – Lewis Group today announced the acquisition of 62 Ellerines and Beares stores in southern Africa for a purchase price of approximately R250 million. The stores are located in Botswana (25 stores), Namibia (21), Lesotho (10) and Swaziland (6), and will increase the group’s total store footprint to 786. Chief executive officer, Johan

Lewis Group posts strong second half performance

27 May, 2015

Cape Town – Multi-brand furniture retailer Lewis Group today reported a strong second half performance for the year to March 2015 as the group gained market share in the changing competitive environment. Merchandise sales for the second half increased by 18%, compared to a decline of 3.5% for the first six months, driven by the

Lewis Group maintains dividend in challenging trading environment

10 Nov, 2014

Lewis Group, which last week announced the planned acquisition of Beares, continued to be impacted by the slowdown in the furniture retail sector in the six months to September 2014 with headline earnings declining 11.3%. Despite the lower earnings, the interim dividend has been maintained at 215 cents per share, as the board remain confident in

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