New Clicks Holdings Limited Annual Report 2003 Seven year review
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History

New Clicks Holdings as we know it today goes back to 1968 when entrepreneurial retailer Jack Goldin opened the first Clicks store. These milestones outline the growth of the group over the past 35 years.

1968, August
First Clicks store opens in Cape Town


1971, June
Clicks expands outside the Western Cape

1979, March
Clicks Stores Limited – later to be named the Clicks Group Limited – is listed on the Johannesburg Stock Exchange (JSE) with a market capitalisation of R10 million

1980, June
Group annual turnover exceeds R50 million for the first time; 31 stores

1983, June
Group turnover exceeds R100 million; 44 stores

1983, October
Clickdin Limited incorporated and listed on the JSE, holding 50% of the issued share capital of Clicks Stores Limited

1984, March
Acquisition of Diskom – now rebranded Discom – comprising 11 stores

1987, August

Trevor Honneysett appointed managing director


1988, July
Jack Goldin sells control of the company to Score Food Group

1991, February
Group turnover exceeds R500 million; 155 stores

1991, July
Jack Goldin resigns from the board and as chairman. Carlos dos Santos appointed chairman

1992, April
Acquisition of Musica, the country’s leading music retail brand

1992, July
Control of the group moves to The Premier Group Limited. Gordon Utian appointed chairman
  1994, April
Turnover exceeds R1 billion; 330 stores

1994, December
Doug Band appointed chairman

1995, November
The assets of The Clicks Group Limited are sold to a subsidiary of Malbak Limited, New Clicks Holdings Limited

1996, March
New Clicks Holdings listed on the JSE with a market capitalisation of R880 million. Hugh Brown appointed chairman

1997, April
Malbak unbundles and the company has no controlling shareholder for the first time. David Nurek appointed chairman

1997, September
Acquisition of the Compact Disc Wherehouse, a specialist music store

1998, July
New Clicks expands to Australia with the acquisition of the 70-store Priceline chain

1998, July
Acquisition of the V&A Waterfront Top CD and Sessions music stores 


1998, August
Group turnover exceeds R2 billion; 536 stores

1999, August
Group turnover exceeds R3 billion; 596 stores

1999, August
Acquisition of a 30% interest in the Link Investment Trust, which operates over 300 pharmacies. The stake was later increased to 56%

2000, December
Acquisition of House, a 66-store
homeware franchise brand

2001, March
Acquisition of Modisons, a discount retail chain in KwaZulu-Natal

2001, August
Group turnover exceeds R4 billion; 1 077 stores (including franchisees) 
  2001, October
The Body Shop opens in South Africa through a direct franchise agreement with The Body Shop UK 


2002, July
Acquisition of Price Attack in Australia, a speciality haircare franchise brand comprising 94 stores

2002, July
Acquisition of healthcare distribution company, New United Pharmaceutical Distributors (UPD), subject to Competition Commission approval

2002, August
Group turnover exceeds R5 billion; 1 215 stores (including franchisees)

2002, September
Priceline Pharmacy launched in Australia

2002, December
UPD acquisition receives unconditional approval from Competition authorities with effect from 1 January 2003

2003, April
Legislation passed enabling New
Clicks to implement an integrated
healthcare strategy, including the
introduction of pharmacy dispensaries
into Clicks stores


2003, August
Competition Tribunal grants approval for acquisition of PM&A pharmacy group

2003, August
Group turnover passes R7 billion mark; 1 248 stores

 

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