Press Releases & Interviews

Edcon's year dominated by corporate and debt restructuring, strategic change and harsh trading conditions

25 May 2017

Unaudited and pertaining to the 52-week period ended 25 March 2017 compared to the prior comparative period
  • Debt restructuring finalised with new ownership and gross third party debt in the operating group significantly reduced to R6.2 billion as at 25 March 2017
  • Sale of Legit business concluded for R637 million
  • Controllable costs well managed
  • Retail sales decreased by 6.7% to R25,343 million
  • As a result of a challenging and competitive retail landscape, retail cash sales decreased by 2.4%

Download: edconyearend25mayexecution.pdf

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