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TFG’s bid for Edcon’s Jet stores is astute move in cash-strapped SA
TFG’s interest in Jet stores suggests Covid-19 is about to fuel the growth of SA’s value retail market
14 July 2020 - 17:46
The Foschini Group’s planned takeover of Edcon-owned Jet stores is a stellar move for the group that also saves an imperative clothing brand in SA’s apparel market which is often too expensive and an economy headed for a deeper recession.
The owner of Foschini, Markham and Donna clothing retailers said on Monday it submitted an offer to the business rescue practitioners of Edcon, whose financial stresses began to be compounded in 2020 by the coronavirus...
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