Edcon is worth saving, say business rescuers
Retailer was forced to shut its stores after government suspended all nonessential shopping
19 May 2020 - 18:41
Edcon, SA’s biggest corporate causality of Covid-19-induced rolling economic calamity, may still be saved.
Like other retailers, Edcon was forced to shut its stores after the government suspended all non-essential shopping. But with a weak balance sheet, it felt the most pain, forcing it to file for business rescue two weeks ago and triggering talk that the legal process to reorganise the company was a non-starter. ..
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.