Edcon’s turnaround gains traction amid asset sales
The numbers on the revival plan suggest that the retail group’s restructuring is gaining momentum
15 July 2019 - 19:58
Edcon, the retail group that was handed a lifeline by landlords and the Public Investment Corporation (PIC), says its profitability is improving, as it hives off noncore assets.
Partly in the interests of saving 140,000 direct and indirect jobs, mall owners, the PIC and other investors chipped in to rescue the struggling owner of Edgars, Jet and CNA...
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.