Tag: Piers Marsden

Administrators propose sales plan for SA retailer Edcon, see potential job cuts

Administrators in charge of South Africa’s Edcon have proposed a sales process that may lead to job redundancies in “significant numbers”, after the retailer filed for a form of bankruptcy protection in April.

Edcon files for business rescue as COVID-19 lockdown brings it to its knees

Embattled retailer Edcon has entered into voluntary business rescue proceedings after losing R2 billion in turnover during South Africa’s lockdown, this was said in a statement on its website. The...