Edgars is a Johannesburg-based chain of stores present all over Southern Africa. The department store was previously selling clothing, shoes, homeware & beauty and under new leadership has recently shifted its focus to mass-market fashion and beauty products.
Edgars
What is Edgars new name?
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 (pty) Ltd, and Jet to The Foschini Group.
Is Edgars under TFG?
TFG will be taking over the most profitable Jet and Edgars stores. Edcon Holdings has reportedly agreed to sell part of South African clothing chain Edgars to TFG, a private equity-backed regional rival, potentially safeguarding a 91-year-old brand and saving thousands of jobs.
Why is Edgars closing down?
But when Covid hit, all bets were off. The lockdown left an already struggling group without any runway. In April 2020, Edgars filed for voluntary liquidation, and the business rescue practitioners said the only way to save it was an “accelerated sale” of its divisions.
Which shops are linked with 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.