3 ms·
You can add Edgars, one of South Africa's oldest, most profitable, and largest retailers to that list. They filed for bankruptcy recently in the aftermath of a
by buyx 6y ago
You can add Edgars, one of South Africa's oldest, most profitable, and largest retailers to that list. They filed for bankruptcy recently in the aftermath of a botched Bain Capital 3.5bn USD buyout in 2007.
https://businesstech.co.za/news/business/407279/edgars-creditors-include-goldman-standard-bank-and-absa/ https://businesstech.co.za/news/business/407279/edgars-credi...
- smabie 6y agoConsidering the state of things in SA, I would hardly call that Bain's fault. Well, of course it's their fault, but there's a massive amount of systemic risk that is common to all companies in SA.