Edcon on track for business restructure – Independent Online

Restructuring

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.…

UPDATE 6.30pm: Morley’s Emporium has closed as Radius Disability Services enters voluntary administration. – Bendigo Advertiser

Liquidation

UPDATE 6.30pm: Morleys Emporium has closed as Radius Disability Services enters voluntary administration. In a further statement this evening, adminstrators advised Morleys Emporium retail and hospitality would close immediately, resulting in a number of employees being made redundant. Craig Crosbie and Rodney Slattery of PPB Advisory have been appointed as Voluntary Administrators of Peter Harcourt Disability Services Ltd, trading…