Edcon Listed by The Gentlemen Ransomware Group
If you are a customer of Edcon, here’s what is being claimed, and what it would mean for you.
edcon.co.za Edcon (roots from 1929, Johannesburg) was South Africa's largest non-food retailer — owner of iconic chains Edgars, Jet, CNA and Boardmans, with ~1,200 stores across Southern Africa, ~19,000 staff, revenue of R25+ billion and four million private-label credit cards. It was crippled by Bain Capital's 2007 leveraged buyout (~R25 billion), losing market share to discounters before COVID-19 lockdown wiped out R2 billion in sales and forced business rescue in April 2020. The group was then broken up: Jet was sold to The Foschini Group (~R480m), Edgars to Re
— from The Gentlemen’s own leak-site posting. This is the group’s claim, quoted verbatim; it is not GalaxyWarden’s reporting and has not been independently verified.
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