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South African retailer mulls £300m Office bid

South African clothing retailer Truworths has reportedly held talks about making a £300m bid for footwear chain Office.

The Johannesburg-based firm has approached management to discuss a takeover, according to The Sunday Times.

This would make it the latest in a list of companies to hold talks with the British retailer, which is being primed for a sale by its owner Silverfleet Capital.

Truworths has a market value of £1.7bn and runs stores across South Africa, Nigeria, Ghana and Botswana.

Office declined to comment.

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