Edcon does not have the luxury of time, say BRPs via TheCitizen_News
Edcon’s business rescue practitioners say the company could run out of inventory and be out of business by the summer if their plan isn’t implemented and yielding results by the end of June.
Two of the company’s concurrent creditors – which are together owed some R42.5 million – on Friday approached the High Court in Pretoria with an urgent application against the BRPs. “The practitioners have been working under enormous pressure to get to the point of the publication of the business rescue plan,” he said.
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