Accenture Partners with Edcon in its Turnaround

Accenture is partnering with Edcon, one of southern Africa’s largest non-food retailers, to redefine and reshape their relationship to contribute to Edcon’s renewal and growth strategy. This reflects the firm’s ambition to work with local businesses to unlock South Africa’s economic growth. Edcon embarked on the recapitalisation of its business in March this year.

“We have been working with Accenture as one of our strategic suppliers, with the intent of redefining our relationship to contribute towards Edcon’s operational transformation,” says Grant Pattison, CEO of Edcon. “This collaboration with Accenture will reset our engagements, maximise opportunities and contribute towards our business turnaround efforts.

“Accenture has been partnering with Edcon for more than 20 years and I’m pleased that we are playing a crucial role in helping the company in their turnaround. It is always important for us to be agile in the way we support the evolving needs of our clients in challenging environments,” says John Watling, Managing Director at Accenture Africa. “We value Edcon’s commitment to continue on our journey together.”

“Part of our recapitalisation process has included commitment from suppliers, lenders, landlords, and the Public Investment Corporation, to explore and discuss various options. We’ve made significant progress so far, with many stakeholders – including Accenture – with all of them demonstrating their strong commitment to South Africa and our business,” says Pattison.

Building a sustainable economy is critical to South Africa. “Our vision is to improve the way the world works and how people live, we see our commitment to helping Edcon as key to making this vision a reality in our country,” concludes Watling.

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