South African retailer Truworths International has confirmed it is in talks to buy UK footwear chain Office from Silverfleet Capital.

However, Truworths emphasised that: “No binding offer has been made, neither has any transaction been concluded.”

Such an acquisition would be Truworths' first foray into Europe. The retailer expanded into three new African markets - Nigeria, Ghana and Botswana – in 2013, and currently operates over 650 stores in South Africa and 40 in the rest of Africa.

For the year to 28 June, revenue increased 8% to ZAR12.6bn, while profit rose 2% to ZAR2.46bn. Truworths has also acquired two South African clothing companies – Earthchild Clothing and Naartjie – this year.

Faced with soaring unemployment, power shortages, rising inflation and a weaker rand, South African retailers are increasingly expanding abroad. Last year, Australian department store operator David Jones was acquired by South African retail group Woolworths Holdings in a deal worth AUD2.2bn (US$2.1bn).