Low economic growth, increasing unemployment, increasing inflation. I know who's door this problem lies. Hope Edcon can be saved for the sake of all the employees 🇿🇦
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Edcon refutes closing claims - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Retail giant, Edcon, says reports that its stores are about to close are not true, but admits that the company has been experiencing financial difficulties for several years. I hope they survive their financial difficulties. They've served the country well over the years. It can't be close The end of Edgars is coming soon,Truworths will follow. They need to employ young people who understand current &trending fashion. sport scene& markams are on the right track 👍👍👍
Source: SABC News Online - 🏆 32. / 51 Read more »
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 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 To much of bad debt, overpriced, outdated merchandise, limited range.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 »
Edcon on brink of collapse - 140,000 jobs at riskIn 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 a 5% stake in the business. barrybateman Terrible for the staff to hear this must be very stressful Made in China backyard poor quality merchandise choking em death. Edcon group CEO says there is no such..jobs are safe!
Source: TimesLIVE - 🏆 28. / 59 Read more »
Edcon denies store closuresEdcon's CEO is rubbishing reports that the company is about to close stores. who are the Board of Dorectors Is it the whole Edcon chain, or only edgars within Edcon? The Malls will never be the same without an Edgars...
Source: eNCA - 🏆 49. / 51 Read more »
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. Good news for us all. More unemployment more crime
Source: SowetanLIVE - 🏆 13. / 63 Read more »
Edcon denies store closuresEdcon's CEO is rubbishing reports that the company is about to close stores. When shops put you under Edcon you will never fish to pay your depts👍 Abramjee SHAZ0512 sharly007
Source: eNCA - 🏆 49. / 51 Read more »