Edcon on track for business restructure – Independent Online
Johannesburg – Edcon, South Africas biggest clothing retailer, which was taken over by creditors last month, said on Monday that conditions of the debt-to-equity swop had been fulfilled, making way for the restructuring. The announcement signalled that the last technical steps in the debt-for-equity swop had been completed, analysts said. Edcon chief executive Bernie Brookes.…