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Edcon agrees to promote stake in Edgars to rival

Edcon agrees to sell stake in Edgars to rival - Edcon agrees to promote stake in Edgars to rival

Edcon Holdings agreed to promote a part of South African clothes chain Edgars to a private-equity backed regional rival, safeguarding a 91-year-old model and doubtlessly saving 1000’s of jobs. Directors led by Lance Schapiro and Piers Marsden struck a cope with Retailability Pty Ltd, a holding firm for manufacturers Legit, Beaver Canoe and Fashion, that owns 460 shops throughout southern …

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