Takealot Sells Superbalist to South African Retail Consortium Led by Blank Canvas Capital

Takealot has reportedly announced the sale of its online fashion retailer, Superbalist, to a South African consortium of retail and private equity investors. The consortium is reportedly led by Blank Canvas Capital, a prominent investment firm known for its focus on high-growth opportunities within the retail sector.

Superbalist, a well-recognized brand in South Africa’s e-commerce fashion market, will reportedly continue its operations under new ownership as part of this strategic transaction. The sale potentially marks a significant shift in Takealot’s business portfolio as it focuses on its core retail operations. At the same time, the move may position Superbalist for potential expansion and growth under the guidance of its new investors.