• Troubled retail group Edcon gains some breathing space

    Johannesburg-based Edcon Holdings Ltd., which operates the Edgars chain of clothing stores, has been given approval by its creditors to implement a recapitalisation plan. The bulk of the company´s 1,500 stores are in South Africa, but it has 169 outlets in other African markets, including Botswana, Ghana, Mozambique and Zambia. The 89-year-old company was acquired

    Categories: SagaRetail News - Retail & Shopping Malls