Type Private Chairperson Dwight M Poler Founded 1929 Parent organization Edcon Holdings Limited | Traded as ZSE: EDGR Website edcon.co.za Founder Jürgen Schreiber Deputy chairman Jürgen Schreiber | |
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Subsidiaries Edgars Consolidated Department Stores CEO Jürgen Schreiber (1 Apr 2011–) | ||
Edcon Limited is a retail company based in Johannesburg, South Africa. Its subsidiaries include Edgars, a department store with 37 branches.
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Absa pays 1 2bln for edcon s credit card business
History
Edcon (Pty) Ltd is 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. Since then, the Company has grown to ten retail brands trading in over 1000 stores in South Africa, Botswana, Namibia, Swaziland, Lesotho, Zimbabwe and Zambia.
Edcon's retail business has, through recent acquisitions, added top stationery and houseware brands as well as general merchandise to its CFT portfolio. Edcon Financial Services provides credit facilities and financial services products to the Group's over 4 million cardholders.
The current CEO is Bernie Brookes
Divisions
Defined by the target markets served, all retail business is structured under two divisions:
The stock of the company is listed on the Johannesburg Securities Exchange and Zimbabwe Stock Exchange, and is part of the Zimbabwe Industrial Index.
Private equity sale
According to Business Day[1], South Africa's Competition Tribunal approved the sale of Edcon to Bain Capital on April 26, 2007.