Cape Town – Listed furniture retailer, Lewis Group, has successfully raised R500 million in its debut issue on the debt capital market. This is the first issue under Lewis Group’s R2 billion domestic medium-term note (DMTN) programme to be listed on the JSE with effect from 31 October 2013. The funds were raised across a…
Johannesburg – Furniture retailer Lewis Group was awarded a good credit rating on Friday by Global Credit Ratings for its consistent performance. Lewis received the first-time rating of A for outperforming the ailing local furniture industry, which has been hit by bad debt and slow demand. The “A” rating is a high score for a…
An old fashioned business model that is based on personal contact rather than call centres and which empowers store managers to make ‘executive’ decisions appears to be paying dividends for credit retailer Lewis Group. Despite the tumultuous times the company posted solid results for the year to March. Revenue rose 6.8% to R5.1bn and the…
