Shutting up shop
EXCLUSIVE: Liberty torpedoes Stuttafords rescue
Liberty Two Degrees extinguishes last hope for Stuttafords after it fails to support the leases of a prospective bidder
Stuttafords has finally closed shop, after a last-ditch effort to rescue the stores in Eastgate and Sandton failed this week.
Interestingly, it was property company Liberty Two Degrees that scuppered an offer from a prospective buyer.
The 159-year-old grande dame of SA department stores was subjected to a second bidding process, which kicked off three weeks ago and was concluded last week. By Monday morning it was clear it had failed.