Edcon
Channel: all the knowledge of the universe PRINCIPIA
Date: 2022-01-25

Edcon, by Wikipedia https://en.wikipedia.org/wiki?curid=10057788 / CC BY SA 3.0

#Companies_listed_on_the_Zimbabwe_Stock_Exchange
#Clothing_retailers_of_South_Africa
#Department_stores_of_South_Africa
#Bain_Capital_companies
#Companies_based_in_Johannesburg
#Retail_companies_established_in_1929
#1929_establishments_in_South_Africa
Edgars is the primary and original brand of Edcon.
A Jet clothing store in Cape Town.
A CNA book and stationery store.
A Boardmans storefront in Canal Walk mall in 2016, two years before the brand was discontinued.
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.
Edcon Ltd was the leading clothing, footwear and textiles （CFT） retailing group in South Africa trading through a range of retail formats.
The first Edgars store was opened on 6 September 1929 in Joubert Street, Johannesburg by Eli Ross.
It was listed on the Johannesburg Stock Exchange in 1949 and opened its first stores outside of South Africa in Botswana, Lesotho and Swaziland in 1966-69.
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.
It launched its Red Square retail chain in 1996 and acquired the struggling stationery retailer CNA in 2002 for R130 million.
The company acquired the houseware retailer Boardmans in 2004 for R94 million.
Edcon Financial Services provided credit facilities and financial services products to the Group's over 4 million cardholders.
In November 2015, according to reports, Edcon Limited referred to the National Consumer Tribunal.
In October 2017, it was reported that Edcon rewarded its customers with a revitalised...