Shoe on the other foot as Mr Tekkie opens a dozen stores in a single day
Mr Tekkie, established by the founder of shoe retailer Tekkie Town after he left Pepkor, is expanding - opening a dozen new stores on Black Friday alone. This brings the total number of stores to 15 since Braam van Huyssteen walked out of Tekkie Town in May this year, followed by a number of other executives and employees. Ultimately 117 people resigned over three days, including CEO Bernard Mostert and COO Dawie van Niekerk. The relationship between Mr Tekkie and Pepkor executives has become something of a business brawl since the collapse of Steinhoff, which bought Tekkie Town late in 2016 and moved it into Pepkor as part of its African restructuring. Pepkor has a retail footprint of 5,200 stores in 12 African countries. Tekkie Town has 397 stores in SA. Now Pepkor and Mr Tekkie are embroiled in 11 court cases, the main one involving an attempt by the founders of the brand to get Tekkie Town back. Pepkor said in a statement that the bulk of the legal cases were initiated by Van Hu...
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