Pepkor still barred from selling Tekkie Town after high court ruling
The former Steinhoff Retail Africa insists it does not want to sell the shoe retailer, but also does not want to be prevented from doing so should it want to
16 September 2019 - 20:11
Retail group Pepkor, which is 71% owned by the embattled Steinhoff group, lost its bid to appeal against a court order that prevents it from selling off shoe retail chain Tekkie Town.
In 2016 Steinhoff bought control of Tekkie Town in exchange for Steinhoff shares. The shoe retail chain was then transferred to Steinhoff Africa Retail (Star was subsequently renamed Pepkor) ahead of its listing in September 2017...
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