Edcon Limited was a retail company based in Johannesburg, South Africa. Its subsidiaries included Edgars, a department store with 203 branches. In 2020, the Competition Tribunal approved the sale of the Edgars division to Retailability Ltd, and Jet to The Foschini Group.
edcon
What does Edcon stand for?
Edgars Consolidated Stores Ltd. (Edcon) is South Africa’s leading retail group.
Is Edcon still operating?
Bain Capital concluded a private equity deal that delisted the group from the Johannesburg Stock Exchange in 2007. In early 2020, during the COVID-19 pandemic, the company ceased to pay rents for its retail locations while the resultant lockdowns in South Africa prevented businesses from operating.
Which stores are linked to Edgars?
Use your Edgars Account to purchase at Pick ‘n Pay, Checkers, Game, Shoprite, Makro and Builders. You can select revolving, 24 or 36 months plans when purchasing at these stores. Account Protection Policy for your peace of mind.
What happened to Edcon today?
The breakup of Edcon, which owns the brands Jet and Edgars, is continuing with the group announcing that it has signed a sale and purchase agreement to sell parts of Edgars to Retailability. Retailability is a fashion retailer and holding company which owns the brands Legit, Beaver Canoe and Style.