Publications
Partners
An agreement was reached on Tuesday in a court case between Steinhoff Speciality Fashion and Footwear and a number of former Tekkie Town executives who resigned in June.
Shoe retailer Tekkie Town was bought by Steinhoff International in late 2016. It was later transferred to Steinhoff Retail Africa, the JSE-listed company that contains Steinhoff's African retail assets.
For months there had been acrimony between some top executives at Tekkie Town and STAR - which is in the process if changing its name to Pepkor Holdings - which culminated in senior Tekkie Town executives quitting on June 25.
Former Tekkie Town CEO Bernard Mostert, who was among those that resigned, said at the time it had become "impossible for us to achieve the desired results for the business" because of the way they had been treated.
Earlier in July Steinhoff Speciality Fashion and Footwear obtained an interim interdict against Tekkie Town founder Braam van Huyssteen and a number of other former top executives to stop them from "interfering with IT systems and 'destabilising' operations".
The judge at the time gave the respondents until Tuesday 31 July 2018 to provide reasons why the order should not be made final.
It was agreed by the parties on Tuesday in full and final settlement of the application, that the former Tekkie Town executives will not use any legally recognised confidential information belonging to Steinhoff Speciality Fashion and Footwear, except in legal proceedings.
The respondents also agreed to destroy any copies, records or data of certain email accounts.
The parties also agreed that the respondents will not access or interfere with or attempt to interfere with Tekkie Town's IT system.
* Sign up to Fin24's top news in your inbox: SUBSCRIBE TO FIN24 NEWSLETTER
