S.Africa's Competition Commission recommends Edcon acquisitions


South Africa’s Competition Commission said on Thursday it had recommended that the Competition Tribunal approve retailer Edcon Limited’s [EDCOH.UL] acquisition of Celrose and Eddels without conditions.

(READ MORE: S.Africa’s Edcon says plans to cut head office jobs)

In a statement, the commission also said it had approved with conditions Famous Brands’ bid to acquire a stake in City Deep and Cater Chain.

Edcon is a national retailer operating in the clothing, footwear, accessories, household textiles and cosmetic markets. Celrose manufactures and supplies clothing for men and women to retailers.

Eddels manufactures footwear for men, women and children under various brands