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July 30, 2015 11:16 PM ET

Specialty Retail

Company Overview of Ellerine Holdings Ltd.

Company Overview

Ellerine Holdings Ltd. operates a chain of furniture stores in South Africa, Botswana, Lesotho, Namibia, Swaziland, and Zambia. It also provides personal loan services. Ellerine Holdings Ltd. was founded in 1968 and is headquartered in Johannesburg, South Africa. As of January 22, 2008, Ellerine Holdings Ltd. operates as a subsidiary of African Bank Investments Limited.

EHL Building

14a Charles Crescent

Eastgate ext 4

Johannesburg,  2090

South Africa

Founded in 1968

17,198 Employees

Key Executives for Ellerine Holdings Ltd.

Chief Executive Officer
Age: 56
Chief Financial Officer, Group Financial Director of Corporate Finance & Accounting Division, Executive Director, Member of Group Tax Affairs Committee and Member of Executive Committee
Age: 66
Chief Operating Officer, Executive Director and Member of Executive Committee
Age: 64
Chief Executive of Value Retail Division
Age: 56
Chief Executive of Universal Credit Retail Division
Age: 57
Compensation as of Fiscal Year 2015.

Ellerine Holdings Ltd. Key Developments

Ellerine To Sell Geen & Richards

Les Matuson, business rescue administrator of Ellerine Holdings Ltd. said that it is in talks to sell Geen & Richards. Les Matuson did not comment on the deal value. Further, Ellerine received approvals to sell Beares, Wetherlys and Dial-a-Bed. Les Matuson also said that there are indicative offers from a listed South African retailer of ZAR 400 million for stores outside South Africa.

Ellerine Holdings Limited Announces Executive Changes, Effective March 1, 2014

ABIL announced the appointment of Mano Moodley as Chief Executive Officer of a subsidiary, Ellerine Holdings Limited ("EHL"), and Alan Schlesinger as non-executive Chairman of EHL, with effect from March 1, 2014. Mano, 54, brings a wealth of retail business knowledge gained from over 30 years" experience in various business leadership, business turnaround, transformation and retail chain management roles. He most recently served as the Chief Executive for Group Sourcing and Planning at Edcon Holdings Limited. Alan is currently executive director of companies in the Intafin Group which he founded in 1998, after 20 years of senior corporate experience.

Ellerine Holdings Limited Announces Resignation of Antonio Fourie, Chief Executive Officer, Effective from February 6, 2014

Ellerine Holdings Limited announced resignation of Antonio (Toni) Fourie as Chief Executive Officer, effective from February 6, 2014. In January 2013, Toni indicated that he would like to step down from his role as CEO of EHL by the end of the year, after overseeing the significant transformation of EHL over the previous four years. Toni subsequently served his notice in early November 2013, indicating his intention to leave the group, subject to further discussions. These discussions have concluded and Toni has confirmed his decision to resign.

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