April 16, 2014 10:44 PM ET

Specialty Retail

Company Overview of Ellerine Holdings Ltd.

Company Overview

Ellerine Holdings Limited, through its subsidiaries, operates in the retail furniture and appliance sector in South Africa. It offers bedding and bedroom merchandise, including furniture and appliances; leather lounge suites; dining room suites; audio and television; and household furnishings and other appliances. The company sells its products under the Ellerines, Town Talk, FurnCity, Foreign, Beares/Geen, Richards/Lubners, Dial-a-Bed, Matress Factory, Furniture City, Wetherlys, Osiers, Roodefurn Manufacturing, and Rainbow Loans brand names. It also provides financial services, including insurance products and term loans. As of August 31, 2006, the company operated 1,156 furniture outlets. ...

Gilloolys View Office Park

Block E

Osborne Lane

Bedfordview,  2007

South Africa

Founded in 1968

17,198 Employees

Phone:

27 11 607 1000

Fax:

27 11 607 1400

Key Executives for Ellerine Holdings Ltd.

Chief Executive Officer
Age: 54
Chief Financial Officer
Age: 64
Chief Operating Officer
Age: 62
Chief Executive of Value Retail Division
Age: 54
Chief Executive of Universal Credit Retail Division
Age: 55
Compensation as of Fiscal Year 2013.

Ellerine Holdings Ltd. Key Developments

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.

African Bank Plans to Sell Ellerine

African Bank Investments Limited (JSE:ABL) is planning to sell Ellerine Holdings Ltd, but is keen to retain the financial services part of the business and the distribution footprint to sell loans, its chief executive said on February 5, 2014.

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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