Deals
Edgars Owner to Sell Stake in Clothing Chain to Rival Retailer
- Details of deal still to be finalized, administrators say
- Rescue plans for other parts of Edcon at an advanced stage
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Edcon Holdings Ltd. agreed to sell part of South African clothing chain Edgars to a private equity-backed regional rival, potentially safeguarding a 91-year-old brand and saving thousands of jobs.