Competition Commission approves sale of parts of Edgars to Retailability
Approval saves SA’s second-largest fashion retailer from collapse
07 September 2020 - 19:28
The Competition Commission on Monday approved the sale of parts of Edgars, or up to 131 stores, to retail group Retailability, saving SA’s second-largest fashion retailer from collapse.
“The approval by the Competition Tribunal confirms the successful progress of the business rescue plan, which includes the sale of up to 131 Edgars stores and the saving of approximately 5,200 jobs in the Edgars Business,” Edcon said in the statement...
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.