Regulatory, competition approvals obtained for purchase of 20 Ellerines and Beares furniture stores in Botswana and 10 in Lesotho, South African retailer says in e- mailed statement.
* Lesotho stores started operating; Botswana stores to trade under Lewis brand from early March.
* Opening of stores follows Nov. announcement of planned purchase of 62 Ellerines and Beares outlets in southern Africa for ~250m rand, doubling Lewis’ Africa stores.
* NOTE: Lewis Falls as Tighter South African Credit Lending Curbs Sales. Source: Bloomberg