Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events

South African retailer asks New York court to recognise compromise

By Kyriaki Karadelis

14 December 2016

South African retailer asks New York court to recognise compromise Edgars department store in Cape Town iStock.com/HenriqueNDRMartins

The South African clothes retailer Edcon, whose department stores are home to concessions of well-known brands such as Calvin Klein, Victoria's Secret Beauty and Dr Martens, has applied to a New York bankruptcy court to obtain recognition of its Johannesburg compromise proceedings.