Lewis Group Limited

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Lewis Group Limited
  • Lewis Group Limited
  • Year : Oct 2019
3 Tokens
USD 300.00
Summary

The ratings on Lewis Group Limited (“Lewis”, “the group”) reflects its strong financial profile and its well-entrenched local brands and distribution network, albeit counterbalanced by its narrow product profile, reliance on credit extension and modest earnings performance.

Additional Information

Lewis, based in South Africa and listed on the JSE, is a leading domestic player in retail furniture sector, specialising in selling household furniture and electrical appliances through its various trading brands. Sales are supplemented by financial services offerings, which provides credit to customers via instalment sale agreements and optional insurance credit protection policies (through wholly owned subsidiary Monarch Insurance Company Limited), whilst ancillary services relate to delivery charges, club fees, Masterguard, maintenance contracts and service fees.

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