Call Us Now: (240) 429 2177

South African retail group TFG to buy Jet assets from Edcon

July 13, 2020

JOHANNESBURG (Reuters) – The Foschini Group (TFG) is set to buy 371 stores and selected assets of Jet for 480 million rand ($28.7 million) from Edcon’s administrators, it said on Monday, allowing the South African retailer to expand into the budget apparel market. Edcon, which also owns 91-year-old department store chain Edgars, applied for bankruptcy […]

The post South African retail group TFG to buy Jet assets from Edcon appeared first on CNBC Africa.

CNBC AFRICA

Source : African Media Agency (AMA)

0

Leave a Reply

Your email address will not be published. Required fields are marked *