The potential buyer is Retailability, which runs over 460 clothing stores across Southern Africa
Shoppers walk past an Edgars store at a shopping centre in Soweto, Johannesburg. Picture: REUTERS / SIPHIWE SIBEKO, owner of Legit and Beaver Canoe and Style stores has made an offer for parts of Edgars, the business rescue practitioners announced on Tuesday.bought Legit clothing stores from Edgars for R637m in 2016 and runs over 460 clothing stores across SA, Namibia, Botswana, Lesotho and Eswatini .
will be subject to various conditions precedent and regulatory approvals, including the competition authorities”. did not say how many Edgars stores are being sold and which ones will be closed, nor did they disclose the value of the deal. The pair said the sale of Edgars will “ensure the growth and continuity of a proudly South African Edgars brand,” and also save a “significant number” of jobs.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
When crime pays, the cost is too highIll-gotten gains cheapen the thief's life and ultimately society as a whole
Read more »
Red card no bother as Hurricanes dash Chiefs’ hopesLock Scott Scrafton gets a second yellow card just after returning to the field
Read more »
TOM EATON: Embarrass the ANC? Come off it!TOM EATON: Embarrass the ANC? Come off it! 🔒
Read more »
5 suspects linked to R5.7m COVID-19 UIF fraud expected in court todayThey were arrested on Saturday after an intelligence-driven operation in several parts of Pretoria.
Read more »
North West province offers to host remaining PSL matches in a 'bio bubble' campA senior official in the North West department of arts‚ culture and sport says the province is ready to host the remaining Premier Soccer League (PSL) fixtures that are expected to be played in a 'bio bubble' camp in the coming weeks.
Read more »
Maverick Life: Unlocked: Poems for Critical Times (Series Two, Part Nine)In times of uncertainty, many readers turn to poetry, seeking not just consolation but clarity. “Unlocked: Poems for Critical Times” brings South African poems to those facing the isolation, confusion and unease engendered by the Covid-19 pandemic.
Read more »