TFG expects conditions for Jet acquisition to be met by end of September
The retailer says it has reached a sales agreement with Edcon on principally the same terms as set out in July
17 August 2020 - 13:11
Foschini owner TFG says it hopes the outstanding conditions for its acquisition of Jet stores from struggling Edcon will be fulfilled by the end of September.
The group announced in July it had made a R480m bid for commercially viable Jet stores, saying on Monday it had reached a sales agreement on August 14 with Edcon’s business rescue practitioners on principally the same terms of the conditional offer...
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