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GRANT PATTISON NEWS ON FASTMOVING

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Edcon CEO says focus is now on fixing the business

Edcon CEO says focus is now on fixing the business

04/03/2019 - 10:02
The R2.7bn deal that clothing retailer Edcon reached with its banks, landlords and the Public Investment Corporation (PIC) will free it up to push through with its survival plan, says CEO Grant Pattison. read more
Edcon makes headway in securing R3bn in funds to keep it going

Edcon makes headway in securing R3bn in funds to keep it going

05/02/2019 - 14:25
Edcon Holdings is making progress toward securing R3bn in funding to keep the South African clothing retailer afloat, with the Public Investment Corporation part of the ongoing talks. read more
Debt-laden Edcon in 'rescue' deal

Debt-laden Edcon in 'rescue' deal

22/01/2019 - 10:47
Debt-laden Edcon reached a non-binding agreement with unidentified investors to recapitalise and avoid selling some of its business, the Sunday Times citing Chief Executive Grant Pattison. read more
Relief for Edcon as lenders extend waivers

Relief for Edcon as lenders extend waivers

21/12/2018 - 13:56
Clothing retailer Edcon has been given some breathing room by its lenders as it struggles for survival. The group, which confirmed that it was in talks with its funders and other stakeholders, said its lenders have extended waivers to allow time for the implementation of its restructuring and recapitalisation. read more
Edcon is looking for white-knight investors

Edcon is looking for white-knight investors

21/12/2018 - 08:34
Troubled clothing retailer Edcon confirmed it is in talks with new investors in its efforts to ensure its survival. read more
Edcon chief confirms recapitalisation drive

Edcon chief confirms recapitalisation drive

17/12/2018 - 19:22
South African retailer Edcon confirmed that it is in discussions with stakeholders, including landlords and suppliers, regarding the group’s continued recapitalisation programme. read more
Massmart boasts 15.2% sales growth

Massmart boasts 15.2% sales growth

25/11/2011 - 09:31
Johannesburg - Retailer Massmart Holdings [JSE:MSM] reported at its annual general meeting on Wednesday that for the first 21 weeks of the 2011 financial year total sales growth was 15.2% and comparable sales growth 8.8%, with year-to-date sales inflation running at 0.8%.  read more
Massmart refutes allegations that it did not meet Department of Economic Development information requests

Massmart refutes allegations that it did not meet Department of Economic Development information requests

24/03/2011 - 00:00
Massmart CEO Grant Pattison has expressed his disappointment at the postponement of the Competition Tribunal Hearings into the Walmart/Massmart merger, while acknowledging that the Tribunal had been placed in a difficult position by recent developments. read more
Massmart FY profit down, sees gradual recovery

Massmart FY profit down, sees gradual recovery

26/08/2010 - 00:00
Massmart booked a 6 percent fall in full-year profit, hit largely by weak demand in the aftermath of the global recession and said it expects gradual improvement this year. read more