Edcon has been saved. Thousands of workers within South Africa’s largest clothing retailer, its suppliers and even landlords breathed a collective sigh of relief on Friday as the group announced that ...

In a desperate bid to stave off liquidation and the loss of up to 140,000 jobs, retail giant Edcon has held out the begging bowl, asking its landlords for a two-year 41% "rent holiday" in exchange for ...

South African retailer Edcon confirmed to Fin24 on Sunday that it is in discussions with stakeholders, including landlords and suppliers, regarding the group’s continued recapitalisation programme.

Edcon chief executive Grant Pattison and his team achieved what many critics doubted they could — secure an almost R3-billion lifeline for a retail company that is deep in the doldrums. But that, ...

Edcon has something in common with troubled state-owned airline South African Airways: it has been on life support for a long time, says Evan Robins, portfolio manager at MacroSolutions, Old Mutual ...

SA's biggest non-food retailer Edcon has served 22,000 of its employees with notices of retrenchments as it blames load-shedding and the initial 45-day hard lockdown for its collapse. The troubled ...

Edcon Holdings Ltd.’s latest recovery plan includes closing chains including Red Square cosmetics and Boardmans homeware and attempting to lure their customers to its flagship Edgars clothing stores.

COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--The Sanborn Map Company, Inc. (“Sanborn”), a national leader in geospatial data and mapping solutions, today announced the official expansion of EDCON-PRJ’s ...

Business Connexion is putting its recently launched R143 million data centre to good use with key clients looking to gain the benefits of hosting their data and equipment in a world-class facility.

Groundbreaking R2.7bn deal will see the PIC, through the UIF, landlords and existing secured lenders rescue the retail giant. Edcon has been saved. Thousands of workers within South Africa’s largest ...