Tag: retailer

Edcon creditors’ bid to halt restructuring meeting rejected by court – Reuters

The planned Monday afternoon meeting to consider the plan is going ahead according to schedule, the administrators said in a notice to affected parties. The meeting is still in session.

Scandal-ridden Steinhoff reports 2% increase in nine-month sales, what you need to know…

Steinhoff was thrown a lifeline last month when its creditors agreed to delay debt claims for three years.

Lifeline thrown at Steinhoff as creditors agree to debt lock-up, what you need to know

JOHANNESBURG (Reuters) - Steinhoff’s creditors agreed to hold on their debt claims for three years, the embattled retailer said on Friday, throwing a lifeline for the South African retailer caught in the...