LEASES AGREED
Van Huyssteen’s ‘Tekkie Town 2’ plan afoot
The spurned founder of Tekkie Town, Braam van Huyssteen, is making good on his threat to launch a direct competitor to the discount footwear retailer he founded and ultimately sold to Steinhoff in 2016. Van Huyssteen told Business Day on Thursday he had already agreed to 10 leases in principle with a landlord for locations for the new stores. This comes about a week after he served Steinhoff Africa Retail (Star) with an eviction notice to vacate the national distribution centre in George that Tekkie Town occupies and rents from him by the end of July. Van Huyssteen said on Thursday he was busy with the ground work for the formal launch of the retail venture, which will happen in the next few months. He has decided on a name, but is keeping mum for now. "It’s going to be fairly similar to the concept of Tekkie Town, but of course this time round I intend to develop it much more quickly. I have assembled my A team, and with many of my established relationships with landlords and suppl...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.