• Menswear brand .yd is also part of RAG's portfolio
    Menswear brand .yd is also part of RAG's portfolio
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Retail Apparel Group has been sold for $302.5 million.

The menswear group, which operates 400 stores across brands such as Tarocash and yd, has been acquired by The Foschini Group of South Africa.

Retail Apparel Group CEO Gary Novis and existing senior managers will retain their positions as part of the purchase.

Retail Apparel Group was sold by private equity company Navis Capital, which purchased a majority stake in the company in 2011.

The Foschini Group operates 22 retail brands in over 3000 locations.

The Group has made a flurry of acquisitions in recent years, including UK fashion chains Whistles and Phase Eight.

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