Edcon business rescue practitioner is running the firm from Canada
Edcon staff and creditors, who are owed a collective R6.7bn, are supposed to vote on the business rescue plan later on Monday
An urgent court bid by two clothing companies to interdict Edcon’s meeting on its business rescue plan from going ahead on Monday afternoon, has failed.
The creditors — Kingsgate clothing company and Clematis, a clothing manufacturing company — approached the court on Monday morning seeking an urgent interdict to stop Monday’s afternoon meeting. ..