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 ...

London - Edcon is asking bondholders to support a deferral in interest payments until the end of the year, according to two people familiar with the matter. The postponement would give private equity ...

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.

Pretoria - The SA Revenue Service (Sars) said yesterday it had concluded an agreement with Edgars Consolidated (Edcon), the listed clothing and footwear retailer, as part of a new compliance ...

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 ...

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.

Administrators in charge of South Africa's Edcon believe there is a reasonable chance of saving the retailer after it filed for a form of bankruptcy protection in April. Adds details JOHANNESBURG, May ...

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, ...

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.