SHARES in Edgars Stores (Edgars) gained 56 percent on the Zimbabwe Stock Exchange (ZSE) in January after it acquired the intellectual property (IP) rights to Jet and Edgars trademarks and brands for the territory of Zimbabwe.
The company had been operating the brands under a franchise agreement, in which it paid annual franchise fees calculated as a percentage of its revenue.
Official ZSE data shows that Edgars was the second best performing stock on the exchange in January.
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Edgars managing director, Linda Masterson This is premium content. Subscribe to read article.Subscribe to The Financial Gazette
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