Parent Company: Mr Price Group Limited
Brand Value: $805 Mil.
Headquarter City: Durban
Year Formed: 1985
Also known as MRP, Mr Price is South Africa’s top value apparel retailer, owning and franchising over 1,000 stores across South Africa and Australia under a range of Mr Price brands that extend from apparel to homeware. Founded in 1985, MRP was originally known as John Orrs and Hub, which after two years was rebranded, with its first Mr Price store opening in 1987. In 2017, MRP’s revenues topped R21 billion with an operating margin of 17.6% as it sold over 220 million units across over 730,000 m2 of floor space. Focused on clothing, footwear and accessories, MRP offers on-trend and differentiated merchandise at exceptional value to “primarily fashion-value minded females, aged 25 years and older, who love to decorate their homes”. MRP employs over 18,000 people and through its sustainability initiatives offers training programs to over 10,000 disadvantaged youths, and educational resources to over 340,000 learners.