Retail | Fin24

Edcon chief confirms recapitalisation drive

Dec 16 2018 13:59

Edcon group CEO Grant Pattison said these discussions are in the final stages of resolution and "significant progress is being made, with all stakeholders indicating their support and strong commitment to the process".


Shoprite opens doors in Kenya to battle French retailer

Dec 13 2018 09:59

Shoprite is seeking a foothold in Kenya’s retail industry, where the collapse of two local supermarket chains has created opportunities for Africa’s biggest grocer and its international rivals.


Black Friday sales disappoint, but retailers can still score with holiday shopping

Dec 08 2018 13:00

Despite growing discounting levels, Black Friday sales decreased by 2% and in-store spending declined by 10%, according to data from retail management platform Vend.


Forensic report into Steinhoff finances delayed

Dec 06 2018 09:19

Steinhoff had hoped that PwC's independent forensic probe would be complete before the end of the year so that it could publish its latest verified financial reports.


One year on, Steinhoff's Jooste is still left in peace

Dec 05 2018 22:01

It’s exactly a year since Markus Jooste quit as CEO of Steinhoff International at the start of an unfolding accounting scandal and share-price collapse. Yet so far, the 57-year-old has been largely left in peace.


Listeriosis: Tiger Brands to cooperate with class action - but maintains it's not guilty yet

Dec 03 2018 20:06

Tiger Brands chief corporate affairs officer Mary Jane Morifi said the company would support the class action notice process to ensure that anyone with a legitimate claim can be informed of the class action.


Pepkor chair on Steinhoff and Tekkie Town: It was the Year of the Struggle

Nov 27 2018 09:49

The year 2018 will go down in Pepkor's history as the Year of the Struggle - one filled with unexpected crises and drama, says its chair Jayendra Naidoo.



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