Is Edgars closing?
“We are pleased that we were able to close the transaction within two months after the announcement. The closure of the transaction underlines the industry fit and the excellent compatibility between Edgars and Retailability’s strategic intent, infrastructure, and value chain,” Edcon’s BRPs said.
Which shops can I use my Edgars card?
Great news, you can now use your Edgars account card at all Legit and Beaver Canoe stores, as well as all Edgars stores. Please note however you cannot pay your account at Legit or Beaver Canoe. Kindly remember that the Edgars account business was purchased by RCS, and is now being run by them.
What’s happening with Edgars?
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. Many were surprised, however, when the relatively unknown Retailability popped up, and said it was keen to buy 131 of the 194 Edgars stores.
Can I still use my Edgars card at Jet?
Your account gives you access to a range of over 200 travel, lifestyle, education and health partners and you can pay using your Edgars account card. Shop across a wide range of stores from Edgars, Edgars Beauty, Edgars Home, CNA and Jet.
Which stores are part of the Edgars group?
Edgars (operates in Botswana, Lesotho, Namibia, Swaziland, South Africa, Zambia)
Can I use Edgars card at Jet?
Which company bought Edgars?
Retailability
Less than 40 years in existence, Retailability has acquired one of South Africa’s oldest retailers, 92-year-old Edgars. But not much is known about Retailability other than the fact it acquired a brand with so much history. The sale was completed in September 2020.
Is Edgars still under Edcon?
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.
Where is Edcon now?
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.