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Is the storm over for Payless? | Sunday Standard


5th April 2021
While stories told about Payless Supermarket in the last two years have been about ‘death’, following an imminent bitter divorce with its direct competitor – Choppies Enterprises, the new owners speak ‘life’ to the resurrected retail giant. 
The supermarket is now owned by Payless Retail Proprietary Limited, which in turn is owned by Ellis Retail Group – a company under the Acute Global Limited group of companies. 
Facing financial crisis and imminent liquidation, Payless closed most of its stores across the country in April 2020 after one of the creditors – Choppies Enterprise petitioned the High Court. As is so common with every company struggling to effect a turnaround strategy in the wake of financial difficulties, job losses was one of the things that happened at Payless.  ....

Omphile Visagie , Elliot Moshoke , Ellis Retail Group , Choppies Enterprises , Payless Retail Proprietary , High Court , Payless Supermarket , Payless Retail Proprietary Limited , Acute Global Limited , Choppies Enterprise , Main Mall Payless , நீள்வட்டம் சில்லறை குழு , குறைத்துக்கொடு சில்லறை ப்ரொப்ரைடரீ , உயர் நீதிமன்றம் , குறைத்துக்கொடு பல்பொருள் அங்காடி , குறைத்துக்கொடு சில்லறை ப்ரொப்ரைடரீ வரையறுக்கப்பட்டவை , எடுப்போசை உலகளாவிய வரையறுக்கப்பட்டவை , பிரதான மால் குறைத்துக்கொடு ,

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 proposed transaction.
The Botswana-based organisation is described as a private investor with a focus on insurance, petroleum, and Fast Moving Consumer Goods (FMCG). ....

South East , Kopanang Thekiso , Saleem Malique , Colm Patterson , Patricia Moshokwe , Ellis Retail Group , Pty Ltd , Consumer Authority , Choppies Distribution Centre , Accurate Component Pty Ltd , Payless Supermarkets , Retail Group , Special Purpose Vehicle , Fast Moving Consumer Goods , Acute Global Limited , Accurate Component , Former Letshego Chief Financial Officer , தெற்கு கிழக்கு , சலீம் தீங்கு , கோலம் பேட்டர்சன் , நீள்வட்டம் சில்லறை குழு , ப்டி லிமிடெட் , நுகர்வோர் அதிகாரம் , திட்பநுட்பமான கூறு ப்டி லிமிடெட் , குறைத்துக்கொடு பல்பொருள் அங்காடிகள் , சில்லறை குழு ,