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West Pack Lifestyle emerges from business rescue
The Star
|August 21, 2025
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.
यह कहानी The Star के August 21, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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