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.

BL Premium

This article is reserved for our subscribers.

We have several subscription options to help you enjoy the best of our content every day, including exclusive Financial Times articles, Morningstar financial data and full digital access to The Wall Street Journal.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.