Who owns Edgars in South Africa?

Who owns Edgars in South Africa?

Edgars (department store)

Industry Department store
Area served Southern Africa
Key people Norman Drieselmann (CEO)
Products Fashion and beauty
Owner Retailability

Is Edgars a South African company?

Edgars Consolidated Stores Ltd. (Edcon) is South Africa’s leading retail group. The Johannesburg-based company operates more than 650 stores under a variety of fascia throughout southern Africa, including South Africa, Botswana, Swaziland, Lesotho, and Namibia.

What kind of company is Edgars?

Edgars Stores Limited is a retailer offering clothing and merchandise. The Company’s segments include Edgars, Jet, Manufacturing and Corporate. Its core business is the retailing of clothing, footwear, textiles and accessories. The Company’s business is organized into two units: manufacturing and retailing.

Who started Edgars?

Eli Ross
Edcon Limited was a retail company based in Johannesburg, South Africa. Its subsidiaries included Edgars, a department store with 203 branches….Edcon.

Type Public
Industry Retail
Founded 6 September 1929
Founder Eli Ross
Headquarters Johannesburg , South Africa

Who is the new owner of Edgars?

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.

Who owns Edcon now?

Bain CapitalK2016470… (South Africa) Lim…
Edcon Limited/Parent organizations

What does Edgars stand for?

EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system, is the primary system for companies and others submitting documents under the Securities Act of 1933, the Securities Exchange Act of 1934, the Trust Indenture Act of 1939, and the Investment Company Act of 1940.

Who is the CEO of Edcon?

Grant M. Pattison (Jan 2018–)Edcon Limited / CEO

Why is Edgars closing down?

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.

How much do Mr Price workers earn?

The average Mr Price Clothing monthly salary ranges from approximately R 2 932 per month for Cashier to R 11 936 per month for Store Manager. Average Mr Price Clothing weekly pay ranges from approximately R 744 per week for Cashier/Sales to R 830 per week for Sales Assistant.

How much do Sassa employees earn?

The average SASSA monthly salary ranges from approximately R 3 881 per month for Help Desk Analyst to R 10 858 per month for General Worker. The average SASSA salary ranges from approximately R 270 804 per year for Financial Systems Analyst to R 864 177 per year for Supply Chain Manager.

What is the minimum wage for a cleaner in South Africa?

Employment and Labour minister Thulas Nxesi has published the new minimum wage for domestic workers in South Africa. In a gazette published on Monday evening (8 February), the minister said that the national minimum wage for domestic worker is now R19. 09 for each ordinary hour.

What is Level 2 salary in South Africa?

Here’s how much money government employees earn in South Africa

Salary band Total number of employees per salary level Current average salary per salary level
1 263 R103 562
2 77 651 R171 278
3 69 003 R206 957
4 38 663 R247 296

How many Edgars Stores are there in South Africa?

Since then, the Company had grown to ten retail brands trading in (as of 2014) over 1400 stores in South Africa, Botswana, Namibia, Swaziland, Lesotho, Ghana, Zimbabwe and Zambia. In 1982 the company, still known as Edgars, was acquired by South African Breweries.

What is Edgars known for?

The Edgars division is the largest national distributor of top global brands supplemented by a value-for-money range, including sportswear and other commodity products relevant to the customer segment. It was appointed the official operator for 2010 FIFA World Cup stores in South Africa and currently stocks FIFA 2010 casual and sportswear clothing.

Where is Edgars head office located?

Contact – Edgars Head Office. Edgardale, 1 Press Avenue. Crown Mines. Johannesburg 2092. South Africa.

Is Edgars owned by Edcon?

As part of Edcon, Edgars was included in an ill-fated buyout by U.S. private equity firm Bain Capital Private Equity LP in 2007, which burdened the parent company with debt just as the economy hit a downturn following the global financial crisis.

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