Africazine:
Clicks has solidified its position in the beauty retail market by acquiring a majority stake in ARC.
The retail giant has purchased an additional 35.3% interest in ARC for approximately R507 million, raising its total ownership to 61%. Founded in 2020, ARC has grown to 12 stores across major South African shopping malls.
Clicks Becomes Majority Shareholder in ARC
With this acquisition, Clicks has taken a significant step in enhancing its footprint in the beauty retail sector. The purchase of 35.3% of ARC’s shares positions Clicks as the majority shareholder, reflecting its commitment to expanding its business in South Africa.
ARC, established just three years ago, has quickly made a name for itself with its 12 stores located in prominent shopping malls. This growth trajectory indicates a strong demand for beauty products in the region.
South Africa: Key figures on Clicks’ Stake in ARC
- 35.3%
- R507 million
- 61%
- 12 stores
Future Plans for Clicks and ARC
The acquisition is pending approval from the Competition Commission, after which Clicks will finalize its majority stake. This move is part of Clicks’ broader strategy to enhance its retail offerings in the beauty sector.
Clicks is taking a bold step in the beauty retail market with its majority stake in ARC.
