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Retail · European value apparel and home textiles

NKD Group

European family-clothing and home-textile retail group acquired by Mr Price Group on 31 March 2026.

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NKD sells family clothing, home textiles and related everyday products. Its store network operates in Central and Eastern Europe, rather than as a South African Mr Price apparel chain. [2]

History

NKD’s corporate timeline records a sixtieth anniversary in 2022, a Czech-market entry in 2019 and its 300th Italian store in 2024. These milestones describe a retail business that pre-dated the South African acquisition. [6]

NKD’s completion announcement states that Mr Price Group became its owner on 31 March 2026 after antitrust review. This is a completed ownership change, not merely a proposed deal. [3]

Retail operations and acquisition scope

Its typical stores occupy 300 to 450 square metres. The company describes local locations in small and medium-sized towns and shopping centres, supported by online ordering and collection. [4]

NKD positions its offer towards price- and quality-conscious families, with a particular emphasis on women shopping for their households. Its market page describes convenient local shopping as part of that model. [5]

The buyer’s FY2026 results disclose the purchase of 100% of the issued share capital of the holding company behind the business. The acquisition took effect after the 28 March 2026 year-end. [1]

Frequently asked questions

Is NKD the same retail brand as Mr Price?

No. The group presents NKD as its European value retailer, alongside other trading divisions. [2]

When did the acquisition close?

NKD’s announcement records completion on 31 March 2026. [3]

Key milestones

  1. NKD marked its sixtieth anniversary. [6]

  2. Its history recorded the 300th Italian store. [6]

  3. Sale to Mr Price Group completed. [3]

Related articles

Related institutions

  • Mr Price Group — Mr Price Group is a South African value retailer built by co-founders Stewart Cohen and Laurie Chiappini. They opened the first Mr Price Factory Shop in Klerksdorp in 1985.
  • Mr Price — Fashion-led apparel retail brand and trading division of Mr Price Group, distinct from the wider listed company.

Sources

  1. Mr Price Group, FY2026 results: 28 March year-end and completed NKD acquisition, note 13, 2026-06-05. Original source. Accessed 2026-10-14. ↩
  2. Mr Price Group, NKD: European value-retail division. Original source. Accessed 2026-10-14. ↩
  3. NKD Group, Mr Price Group is the new owner of NKD Group, 2026-04-01. Original source. Accessed 2026-10-14. ↩
  4. NKD Group, About NKD: stores, product range and data-led retail operations. Original source. Accessed 2026-10-14. ↩
  5. NKD Group, Market position and target groups. Original source. Accessed 2026-10-14. ↩
  6. NKD Group, History: European expansion and the 2022 sixtieth anniversary. Original source. Accessed 2026-10-14. ↩