Edgars hit by rising rentals

The clothing giant, which debuted VFEX in April 2024, said additional details of the transaction would be communi­cated once all regulatory processes have been completed.

EDGARS Stores (Edgars) says rental costs across the group grew by 35 percent last year due to the rise in property values and the transition to US-dollar denominated charges.The apparel giant’s subsidiaries, such as Jet Edgars Chain, Jet Chain, and Club Plus Microfinance, have a nationwide shop network and primarily operate in rented premises.The development…

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