Payless supermarkets gets Ellis Retail Group as suitor ⋆ TheVoiceBW
CHANGE ON THE HORIZON: Payless store finds a buyer Payless Supermarkets, which is currently going through the liquidation process, will soon get a new owner should the Competition and Consumer Authority (CCA) give the proposal the green light. Ellis Retail Group (ERG) (Pty) Ltd has notified the Authority of its intention to acquire the business and certain assets of Payless Supermarkets. ERG is a limited liability company and a Special Purpose Vehicle (SPV) being used to affect the propo...
Source: thevoicebw.com