Brain Joffe’s Long4Life Ltd acquires Sorbet for R116m

Long4Life Ltd has acquired Sorbet for R116m in a cash deal that is expected to be completed towards the end of August 2017. Sorbet is a South African franchise of beauty salons that began its operations in 2005 and now has 186 franchises in South Africa. This acquisition fits in with Long4Life which is a listed on the JSE as a special purpose acquisition company (SPAC) with an investment mandate for consumer sector based companies.

 

Posted in .

Leave a Reply

Your email address will not be published. Required fields are marked *