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West Pack Lifestyle emerges from business rescue
August 21, 2025
|Cape Times
RETAILER West Pack Lifestyle plans to open three more outlets before the end of the year, it said as it announced it has emerged from business rescue.
The group went into business rescue in May 2024 amid several challenges such as the economic aftermath of Covid-19 and an accelerated expansion strategy that stretched the business too thin. At the time, the group owed more than R100 million to different financial institutions such as Access Bank, Absa, and Preference Capital.
Wespack Lifestyle Corporate was sold during the business rescue.
The private sale of West Pack Lifestyle saw more than 1000 jobs being saved. West Pack Lifestyle currently employs 1000. The retailer's strategy is now centred on franchising, ensuring the group is positioned for stability and growth in a tough economic climate.
هذه القصة من طبعة August 21, 2025 من Cape Times.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
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