The Edcon rescue playbook
26 March 2021

In the past, public sentiment towards business rescue hasn’t been great. Often, it’s been seen as akin to euthanasia of a terminally ill patient in their already dying moments, in which employees and creditors have no option but to accept their apocalyptic fate. It was into this rather pessimistic context, during a once-in-a-lifetime pandemic, that Edcon was placed in business rescue on April 29 last year. But Edcon changed the game for business rescue in SA.

 

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