Streaming issues? Report here
Just the Hits generic 2 CapeTalk Just the Hits generic 2 CapeTalk
Just the Hits with Abongile Nzelenzele
11:00 - 15:00
volume_up
volume_mute

Up Next: Just the Hits
See full line-up
Just the Hits with Abongile Nzelenzele
11:00 - 15:00
Home
arrow_forward
Business

Who is Retailability - parent company to Legit- which bought parts of Edcon?

16 July 2020 7:41 PM
Tags:
Edcon
Retailability
Legit
Norman Drieselmann

Retailability CEO Norman Drieselmann says Edgars gives them an opportunity to access a market they currently don't service.

Eyebrows were raised when it was announced that Retailability will make a play for the bits of Edgars that it wanted. With the collapse of Edcon's business rescue, the underlying businesses were sliced and diced for sale with The Foschini Group buying Jet and a Durban-based company Retailability to buy parts of Edgars.

Who is Retailability, one might ask?

Bruce Whitfield of The Money show finds out more from CEO Norman Drieselmann.

As a retail group, we have been around for 36 years. The first three stores were opened in 1984 by the founder. We have grown both organically and through acquisitions.

Norman Drieselmann, CEO - Retailability 

The Legit transaction in 2017 was a good one for us. We now sit with three retail brands: Beaver Canoe, Style and Legit. We have 460 stores trading in Namibia, Botswana, Lesotho, Swaziland and South Africa.

Norman Drieselmann, CEO - Retailability 

I think Edgars is a strong brand. It's got many loyal customers. There is equity behind the business, which also gives us an opportunity to access a market we currently don't service.

Norman Drieselmann, CEO - Retailability 

Listen below for the full interview...


This article first appeared on 702 : Who is Retailability - parent company to Legit- which bought parts of Edcon?


16 July 2020 7:41 PM
Tags:
Edcon
Retailability
Legit
Norman Drieselmann

More from Business

whatsapp-message-cellphone-mobile-app-screen-social-media-data-internet-123rf

New WhatsApp feature to help users sniff out fake news from forwarded messages

8 August 2020 1:57 PM

WhatsApp has launched a new feature that gives users the ability to cross-check those "viral" messages forwarded on the chat platform.

Share this:
Read More arrow_forward

Gilbert rugby ball

It’s official! Rugby is coming back to South Africa - possibly to Nelspruit only

7 August 2020 3:09 PM

It’s possible that all the games will take place in Nelspruit, says IOL sports editor John Goliath.

Share this:
Read More arrow_forward

Drinking driving keys whisky whiskey brandy drunk diu 123rf

'Nothing fishy about R600K Range Rover deposit. It was owed to me for alcohol'

7 August 2020 10:25 AM

Thabane Zulu (former DG, Human Settlements) reluctantly testified before the Zondo commission on Thursday, says eNCA’s Erin Bates.

Share this:
Read More arrow_forward

performance-3202707-1920jpg

Nigerian Afrobeats star aims to raise $20m to fund the continent's musicians

6 August 2020 9:03 PM

'Mr Eazi' launched the Africa Music Fund to support the continent's creative talent. Bruce Whitfield interviews Lee Kasumba.

Share this:
Read More arrow_forward

oranges-1117628-1920jpg

Good news for local citrus industry: Bumper season expected for US exports

6 August 2020 8:38 PM

Justin Chadwick (Citrus Growers' Association) says it's all thanks to the perceived immune-boosting attraction of Vitamin C.

Share this:
Read More arrow_forward

liquor-store-sales-wine-champagne-mmc-brut-bubbly-alcohol-booze-drinking-123rf

Former Shoprite CEO joins court battle against alcohol ban - Govt is too slow!

6 August 2020 7:36 PM

Bruce Whitfield interviews Whitey Basson, who believes it's just not good enough for govt to say ban will be lifted but not when.

Share this:
Read More arrow_forward

MTN-cellphone-network-service-provider-data-airtime-calls-123rf

MTN to quit Middle East to focus on Africa

6 August 2020 6:55 PM

Bruce Whitfield talks to MTN CFO Ralph Mupita about the reasons for the move and the company's huge profit increase.

Share this:
Read More arrow_forward

20200425ndzonlevel4jpg

Despairing wine farmers to battle Nkosazana Dlamini Zuma in court on 18 August

6 August 2020 2:30 PM

"It’s not rational to allow packed taxis, but not a glass of wine in a controlled environment," says Francois Rossouw.

Share this:
Read More arrow_forward

samsungjpg

In the market for a new cellphone? Here's one that costs as much as a used car!

6 August 2020 12:32 PM

Samsung's latest offering, the Galaxy Note20 smartphone, goes on sale in South Africa on 21 August as Kieno Kammies finds out...

Share this:
Read More arrow_forward

scz-0623jpg

Bantu Holomisa has an idea to remove ANC 'thieves' from power before 2024

6 August 2020 9:36 AM

"If I was President Cyril Ramaphosa, I would take these suggestions seriously," says the UDM leader Bantu Holomisa.

Share this:
Read More arrow_forward