Johannesburg - Bain Capital, the US private equity firm that owns Edcon, is in talks with the retailer’s biggest funders to refinance debt, according to three people with knowledge of the matter. Bain ...

Edcon has been saved. Thousands of workers within South Africa’s largest clothing retailer, its suppliers and even landlords breathed a collective sigh of relief on Friday as the group announced that ...

Edcon Holdings Ltd.’s latest recovery plan includes closing chains including Red Square cosmetics and Boardmans homeware and attempting to lure their customers to its flagship Edgars clothing stores.

Edcon CEO Grant Pattison has pulled off a remarkable coup, saving SA’s largest clothing retailer from imminent extinction and 27,000 jobs in the process. But enormous scepticism remains because the ...

Edcon has something in common with troubled state-owned airline South African Airways: it has been on life support for a long time, says Evan Robins, portfolio manager at MacroSolutions, Old Mutual ...

Edcon chief executive Grant Pattison and his team achieved what many critics doubted they could — secure an almost R3-billion lifeline for a retail company that is deep in the doldrums. But that, ...

In a desperate bid to stave off liquidation and the loss of up to 140,000 jobs, retail giant Edcon has held out the begging bowl, asking its landlords for a two-year 41% "rent holiday" in exchange for ...

Business Connexion is putting its recently launched R143 million data centre to good use with key clients looking to gain the benefits of hosting their data and equipment in a world-class facility.

Administrators in charge of South Africa's Edcon believe there is a reasonable chance of saving the retailer after it filed for a form of bankruptcy protection in April. Adds details JOHANNESBURG, May ...

Groundbreaking R2.7bn deal will see the PIC, through the UIF, landlords and existing secured lenders rescue the retail giant. Edcon has been saved. Thousands of workers within South Africa’s largest ...