Parent Company: Mr Price Group Limited
Brand Value: $686 Mil.
Headquarter City: Durban
Year on Year Change: -15 percent
Year Formed: 1985
Also known as MRP, Mr Price is South Africa’s top value apparel retailer by market capitalization with 1,258 total owned stores, 1,157 of which are in South Africa. Founded in 1985, MRP was originally known as John Orrs and Hub but abandoned the name 2 years later with the launch of the first Mr Price store. Today, MRP operates in 9 African countries and Australia. Focused on clothing, footwear and accessories, it offers on-trend fashion and home merchandise to people who “know how to save a buck.” In its home market, MRP also funds initiatives that offer training programs to over 10,000 disadvantaged youths and educational resources to over 340,000 learners. Worldwide, consumers can access its offerings through MRP.com and the MRP app. Not surprisingly, with consumers trading down revenue was up 5.8 percent in the fiscal year ending in March 2019.