09 Dec 2025
We are pleased to announce that on 9 December 2025, entities controlled by TDR Capital IV entered into an agreement to sell NKD Group to Mr Price Group, one of the largest publicly listed retail groups in South Africa.
Since our acquisition in 2019, NKD has been transformed into a European leader in the value retail sector through the application of data-driven decision-making across its business operations, supported by the establishment and build-out of a significant in-house data science capability. This has driven above-market growth and profitability gains.
NKD has also successfully optimised its c. 2,200-store estate and expanded its footprint outside of its home markets of Germany and Austria, with over 660 new stores opened since 2019.
Learn more about our investment in NKD.
To read NKD’s official press release please click here.