Spar group ltd and the group of stores owned under the Spar banner by the Giannacopoulos family, are involved in a dirty war of words and actions that could eventually reflect on the share price of the JSE listed company.
The 44 Giannacopoulos-owned Spar shops, that employ close on 3,000 people, claim in documents submitted to the KwaZulu-Natal High Court in Pietermaritzburg, that there has been an orchestrated series of attacks on them driven by the Spar Guild of Southern Africa (an association of Spar shop owners) and Spar Group Limited.
Spar, in turn, accuses the family group of bringing the brand into disrepute because of the numerous and ongoing labour court cases brought against them.
But it seems as though even the Labour Court cases could be part of the onslaught because once the newspaper headlines have subsided, the outcome of Labour Court cases is often a much watered-down version of what was originally claimed and reported in the media.
The trouble started more than a year ago when Spar decided at a closed meeting to cancel the Giannacopoulos Group’s membership of its Guild. Spar then took over all the Giannacopoulosowned stores on the back of an order obtained in the North Gauteng High Court, without prior notice to Giannocopoulos. After hearing the other side two days later as a matter of urgency, the very same court overturned the order and the stores were returned to the legal owners.
Esta historia es de la edición April 2020 de Noseweek.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición April 2020 de Noseweek.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Lennie The Liquidator Faces R500,000 Defamation Suit
After losing his cool when his fees were questioned
Panel Beater De Luxe
Danmar Autobody and its erstwhile directors get a serious panel beating in court papers. Corruption and theft are said to have destroyed the firm chaired by Nelson Mandela’s eldest daughter, leaving 200 workers destitute and threatening to kill.
Meet Covid Diarist Ronald Wohlman
Ronald Wohlman – EX SOUTH African copywriter, author, and actor – never dreamt that his lockdown diaries, written on Facebook and followed by people all over the world – would become his “life’s work”.
A Picture Of Peace?
Beware: Appearances can be deceptive
Flogging A (Battery-Driven) Dead Horse
Why plug-in vehicles are not all they’re cracked up to be– and, likely, never will be
Everybody Drinks Corona
I am hesitant to go Into the pub today. Not because it’s illegal, but there is a crème colored 1985 Mercedes 300D parked behind the pine tree. This means the devil is inside; that’s what we call Dr. De Villiers. You don’t know whether you will encounter the good doctor with the charming bedside manner or the violent, bipolar bully. The problem is, most of the time, you can never be sure which it is, so it’s best to always keep a social distance.
Never Take A Hypochondriac To A Pandemic
From Ronald Wohlman’s New York Corona Diary
The money train
Transnet in court battle with liquidators of Gupta-linked audit firm over R57m in ‘corrupt’ payments and invoices
‘He's no pharmaceutical genius, he's a vulture'
Pharma con seeks prison release to ‘help find Covid cure’
Bush school – A memoir
OUR SCHOOL WAS IN THE MIDDLE of the bush, ten miles from the nearest town in the harsh beauty of the Zimbabwean highveld. It started life in World War II as No 26 EFTS Guinea Fowl, a Royal Air Force elementary flying training school and I arrived there in 1954, just seven years after it became an all-white co-ed state boarding school.
