Edcon business rescue practitioners announce an acceptance of a conditional offer with the Foschini Group (TFG) for the sale of parts of the Jet busin
Edcon is southern Africa’s largest non-food retailer. We have been in business for nearly 90 years and operate in stores across South Africa, Namibia, Botswana, Lesotho, Swaziland, Mozambique, Ghana, Zimbabwe and Zambia. We conduct our business under three principal brands: Edgars, Jet, thank U. Edgars is targeted at middle to upper-income customers. Jet sells quality value fashion, home and beauty merchandise targeted at lower to middle-income customers. Our thank U rewards programme, which includes 14 million customers on its database, allows members to earn thank U points for their purchases in our stores and with our thank U partners.