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A deal is imminent, says Edcon CEO - refuting fears of business collapseEdcon is very close to announcing a complete recapitalisation of the business that should endure for the next few years, Edcon CEO Grant Pattison said on Sunday. This is the same CEO who drive Game Stores into the ground? So they didn’t write those letters to their landlords? Media imagination or fake news? Either way their merchandising and pricing policies are disastrous. SA will say goodbye to them even if it takes a few years. Kicking the can. Really sad. Cut your hefty salaries&ridiculous bonuses and use that money to expand the Company (oh i forgot to You expand means cutting more jobs in the name of Productivity Improvement)
Source: TimesLIVE - 🏆 28. / 59 Read more »
Edcon board approves structure of proposed recapitalisation plan, says Pattison | IOL Business ReportThe board of troubled retail company Edcon has approved the structure of a proposed recapitalisation plan, CEO Grant Pattison has said.
Source: IOL - 🏆 46. / 51 Read more »
'Edcon working on a turnaround strategy' - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The CEO of retail giant, Edcon, has assured its workers that their jobs are safe. Grant Pattison says the group, which owns Edgars, Jet and CNA is in the process of finalising a deal that will be announced soon. Quality deteriorated This is strange as former employees of Edcon are awaiting the Constitutional Court to make a ruling regarding unfair retrenchments , then Edcon comes out with this. People following in their Zulu presidents footsteps and don't pay their bills🤣😂🤣😂🤣
Source: SABC News Online - 🏆 32. / 51 Read more »
Edcon closer to recapitalisation deal to stave off looming collapse | IOL Business ReportEdcon says parts of the Sunday Times article of December 16, and specifically its headline, are speculative, misleading and sensationalist. To much of bad debt, overpriced, outdated merchandise, limited range.
Source: IOL - 🏆 46. / 51 Read more »