Mr Price Group - Timeline

John Orr Original founder Stewart Cohen & Laurie Chiappini Joint Chairmen : Honorary chairmen Nigel Payne Chairman Stuart Bird CEO

1885The first John Orrs store opens
1934The first Hub store opens
1952John Orrs is listed on the JSE
1967Acquisition of two Miladys stores
1986Laurie Chiappini and Stewart Cohen, together with BOE, acquire a major shareholding
in John Orr Holdings
1987The first Mr Price store opens
1991Laurie Chiappini and Stewart Cohen acquire control of the Group from BOE
1993Launch of the Mr Price Group Share Partnership Initiative
1996Acquisition of Galaxy & Co. and Sheet Street
1997Alastair McArthur is appointed as CEO
1998Mr Price Home launched
2000Mr Price opens stores in Botswana and Namibia
2001Specialty Stores becomes Mr Price Group
2005Over 100 million units are sold across the group
2006Sale of the Hub and Galaxy divisions
2007Launch of Mr Price Sport stores and Mr Price Franchising
2008Miladys wins the Orange Index award for excellence in customer service
2008Mr Price Apparel is voted the most loved and most frequented retail apparel brand for first time
2008This year Mr Price Home is voted the most loved and most frequented homeware retailer
2011Retail sales exceed R10 billion and profit attributable to shareholders exceeds R1 billion
for the first time
2011The group celebrates the 25th anniversary of change in control, recording a CAGR share
of 25.3% and headline earnings per share of 23.5% over this period