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.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now