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Wenneni Investments, which runs Mango clothing stores in South Africa through a joint venture with House of Busby, plans to list on the JSE by 2010 as it expands in Africa.

May 2, 2007

Johannesburg – Wenneni Investments, which runs Mango clothing stores in South Africa through a joint venture with House of Busby, plans to list on the JSE by 2010 as it expands in Africa.

“We are waiting on a few transactions we are about to close,” chief executive Shane Jedeikin said this week. He added that Vincent Tchenguiz, whose Consensus Business Group owns half of Wenneni, wanted to grow the business in Africa. “We want to be able to fill the mass-market gap in terms of branded apparel.”

Business Day reported on Monday that Wenneni was in talks with two unidentified European fashion brands about selling their clothes in South Africa. – Bloomberg