New GHM! store opens in Sheffield

Pepkor UK, the investment vehicle established by retail entrepreneur Andy Bond, is due to open its third GHM! store today in Sheffield.

Tuesday, 19th July 2016, 12:00 am
Updated Thursday, 25th August 2016, 8:47 pm
Inside a store which is part of the GHM! - or Guess How Much! - chain. The chain has opened a store in Sheffield.

GHM! - which stands for Guess How Much! - will begin trading at the Kilner Way retail park at Wadsley Bridge in Sheffield.

GHM! is the second strategic investment made by Pepkor UK, a venture established in 2014 by retail entrepreneur Mr Bond and former Bain & Company consultant Mark Elliott. Pepkor UK manages corporate activity in the UK in support of the wider Pepkor group - a Cape Town-based investment company with retail interests in Africa, Australia and Eastern Europe. Its first investment, fashion brand PEP&CO, opened 50 stores in just over 50 days in the summer of 2015.

A Pepkor UK spokesman said: “From jeans to beans to spring cleans, GHM! will bring together PEP&CO family fashion, food and general merchandise under one roof - at prices customers will share with friends and families.”

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The store will be run by manager Andy O’Flaherty, and his deputy Martin Fieldsend. They will be supported by a team of around 24 workers.

The new format has a leadership team with a strong background in retail. Managing director Koray Gul was co-founder and managing directorof international apparel business GAAT and he also held a number of senior trading leadership roles at Leeds-based Asda.