Edcon has been saved. Thousands of workers within South Africa’s largest clothing retailer, its suppliers and even landlords breathed a collective sigh of relief on Friday as the group announced that ...
Johannesburg - Bain Capital Partners' decision to walk away from Edcon Holdings leaves South Africa’s largest clothing retailer to claw back market share amid weak consumer confidence and a market ...
A group of creditors of South African retailer Edcon has made a court application to halt meetings scheduled for Monday to consider a proposed restructuring plan for the company which is under ...
Johannesburg - Edcon said on Monday it had secured a repayment deal on debt of R7.9bn and access R1.85bn to pay down some bonds. The company, which is the biggest fashion retailer in SA, completed a ...
A group of Edcon creditors have launched an 11th-hour high court application to halt two meetings on Monday at which a business rescue plan was due to be discussed and adopted. Durban-based Kingsgate ...
In a desperate bid to stave off liquidation and the loss of up to 140,000 jobs, retail giant Edcon has held out the begging bowl, asking its landlords for a two-year 41% "rent holiday" in exchange for ...
South African retailer Edcon is battling to convince markets that its business and capital structure is sustainable in the long term. This is after two firms issued negative reports on Edcon’s capital ...
CISA-led organization hosts national conference in Rosemont, Illinois, June 16-18, to equip educators, administrators, and counselors with the skills to deliver K–12 cyber education in collaboration ...
Edcon Holdings Ltd.’s latest recovery plan includes closing chains including Red Square cosmetics and Boardmans homeware and attempting to lure their customers to its flagship Edgars clothing stores.
South African clothing retailer Edcon on Wednesday reported a 68% increase in headline earnings per share to R26,61 for the year ended April 2 2005, from R15,88 a year ago. A final dividend of 851 ...
Groundbreaking R2.7bn deal will see the PIC, through the UIF, landlords and existing secured lenders rescue the retail giant. Edcon has been saved. Thousands of workers within South Africa’s largest ...
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