Too quick, too soon: West Pack expansion ends in business rescue
13 June 2024 - 14:38
The high capital costs of opening new stores in search of market share gains by West Pack Lifestyle has put the company in dire straits, resorting to voluntary business rescue processes to keep the group afloat and save more than 1,000 jobs.
The retailer, which has 52 stores across SA, Lesotho, eSwatini and Namibia, said in its business rescue application it was unlikely to pay its debts when they fall due for payment in the next six months...
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