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Pepkor loses its bid for leave to appeal against Tekkie Town ruling | IOL Business Report

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Pepkor loses its bid for leave to appeal against Tekkie Town ruling busrep

DURBAN – Steinhoff International subsidiary Pepkor has lost yet another round against its former Tekkie Town executives for the control of the sneaker maker after the Western Cape High Court refused its application for leave to appeal against a court order granted in April.

“However, out of principle, Pepkor believes that this order infringes on its right to do business and intends to petition the Supreme Court of Appeal for leave to appeal the order.” During the hearing, Steinhoff attempted to convince the court that Steinhoff did not, in fact, control Pepkor.

 

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