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Edgars demerges from parent company Edcon

HARARE – Edgars Stores Limited Zimbabwe has resolved to acquire 15 million shares for $1,5 million from parent company Edcon, allowing it to de-merge from the struggling holding company. This comes after South Africa’s biggest clothing retailer Edcon — which owns Edgars, Jet, CNA and other brands — had been struggling after losing market share…

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