Pietermaritzburg, KZN, SA – In the first place, my deepest condolences to Nellandran and Pritha and Uncle Shan’s five grandchildren. His passing on, as I’m sure you know, is not just a loss to your immediate and extended family and his close friends and colleagues, including in the media sector – but to all of us i ...more

Allan (Shaky) Norman died, aged 78, in Bournemouth, UK, on 13 December. He was born in 1945 at 26 Townsend St, Waterfoot, Rossendale, where he lived until emigrating to South Africa in 1973 to work for Shoe Corporation, Durban.  When Shoe Corp. closed, he moved to Pietermaritzburg to start Sandals Ltd. with Jeff Adley for Eddels and ...more

Pietermaritzburg, KZN, SA – After 3 months under new ownership, Eddels has settled into a routine which will hopefully lead it into sustainable profitability, new GM Steven Jacobs said last week.      “This is a business in distress, and we’re not trying to hide it,” he said, “bu ...more

Cape Town, W. Cape, SA - The Foschini Group (TFG), which had been identified as the interested party by several sources close to negotiations between the Industrial Development Corporation (IDC) and potential buyers of clothing manufacturer Celrose and its footwear manufacturing subsidiary, Eddels Footwear, is NOT buying Celrose, TFG said ...more

Johannesburg, Gauteng, SA - Hitherto little known top end manufacturer Caralli Footwear (Pty) Ltd is the company negotiating with the Industrial Development Corporation to buy Eddels Footwear.      Caralli is wholly owned by B&B Media, which is also the major shareholder in Buka Investments, a holding com ...more

Pietermaritzburg, KZN, SA - There are ongoing negotiations between the shareholders of Celrose (Pty) Ltd and unidentified prospective buyers over the potential sale of Celrose subsidiary Eddels Shoes.      As of early last week, no offer had been received from the prospective buyer or buyers. According to a s ...more

Pietermaritzburg, KZN, SA - Despite a flurry of rumours in the industry, and the unavailability of senior personnel, there is no imminent deal for the Industrial Development Corporation to dispose of Eddels, IDC head of corporate affairs, Tshepo Ramodibe, said yesterday (Monday).      The IDC is the majority ...more

Edcon, once the biggest fashion retailer in SA, went into business rescue at the end of April. CEO Grant Pattison, in charge for the past 2 years, blamed the lockdown as the final straw in the long slide which began in 2007 when it was acquired by US private equity firm Bain Capital for a - with hindsight - unsustainable R25 billion and d ...more