
Major fashion e-tailer abandons local content with restructuring rumours
The rumoured shuttering of another South African fashion label spells more doom for the local industry. Source: Imagen 3 This latest restructuring follows a round of cuts in 2023, driven by challenging economic conditions impacting business planning. Superbalist, then part of the Naspers-owned Takealot Group, undertook a Section 189 process last year to reduce its…