Is the Edgars group bankrupt?

Die Vryburger

Is the Edgars group bankrupt?
Is the Edgars group bankrupt? Photo: Die Vryburger

The Edcon group, which owns Edgars, has denied reports that the entity faces liquidation. A recent statement says that the group is experiencing financial difficulties, but is negotiating with shareholders, suppliers and landlords in an effort to save the company.

The same statement states that there will be no job losses, but there will be fewer shops.

Observers say, however, that the statement is not very clear, but there is a possibility that workers will have a choice to be accommodated elsewhere and in other posts.

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