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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 🇿🇦
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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 To much of bad debt, overpriced, outdated merchandise, limited range.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 »
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 »