South African billionaire Christo Wiese has confirmed that he is interested in making a bid for British retailers.
Wiese, who has a personal fortune of £2.2bn, is chairman of South African investment and holding company Pepkor, which manages a portfolio of value retail companies. These include Pep and Ackermans in South Africa and Best & Less in Australia.
The clothing giant is looking to invest in UK companies, after setting up a UK team led by formed Asda chief executive Andy Bond.
It is understood that Wiese has also expressed an interest in Poundworld and Poundstretcher, the second of which he has run in the past.