Gayton McKenzie accused of not understanding fashion industry after his meeting with Shein
Fashion designer David Tlale said he doesn’t think Gayton McKenzie understands the complexities of the clothing and textile industry.
Canal+ CAN.L and MultiChoice on Monday said that all conditions to Canal+’s 35 billion rand ($2.02 billion) takeover offer for the South African TV broadcaster have been fulfilled, making the deal unconditional.
Canal+ owned 46% of MultiChoice as of September 19, with another 2.2% of shares tendered in its favor since, giving the London-listed company effective control of the TV broadcaster, the companies said.
MultiChoice implemented a reorganization of its South African operations this month, in line with conditions laid out by South Africa's Competition Tribunal in July to approve the takeover.
Fashion designer David Tlale said he doesn’t think Gayton McKenzie understands the complexities of the clothing and textile industry.
WHAT IS MINOXIDIL?
South Africa could soon see a credit rating upgrade amid significant improvements in the state’s finances—even if escaping junk status will require patience.