Edcon to file for voluntary business rescue as lockdown burns through its cash

[biometrics]

Yeah, they're pretty much stuffed.

Struggling retailer Edcon, which owns owns Edgars and Jet, is set to commence with voluntary business rescue proceedings according to a letter sent by its CEO Grant Pattison to creditors and suppliers.

BREAKING | Edcon to file for voluntary business rescue as lockdown burns through its cash

Struggling retailer Edcon is set to commence with voluntary business rescue proceedings, according to its CEO.

www.fin24.com

 

[LD50]

Bound to happen

 

[Bandit]

My friend in Somerset West says there was a two hour queue to get into Edgars today. Maybe they'll make up most of the losses they suffered.

 

[Spizz]

My friend in Somerset West says there was a two hour queue to get into Edgars today. Maybe they'll make up most of the losses they suffered.

Can’t be for the clothes. Ladies picking up their fancy toiletries?

 

[Textile Guy]

Bound to happen

Been on the cards for years ....... like SAA.

That aside, their range has become shitty and overpriced, while Jets quality is very shit and over priced.

 

[LD50]

Been on the cards for years ....... like SAA.

That aside, their range has become shitty and overpriced, while Jets quality is very shit and over priced.

Exactly. Jeans. Wanna go there?