About Edgars Stores Ltd
Edgars Stores Limited is a Zimbabwe Stock Exchange-listed company incorporated and domiciled in Zimbabwe whose shares are publicly traded.
Its core business is the retailing of clothing, footwear, textiles, and accessories.
The company was founded by Sydney Press, Edgars Stores was registered as a company in Zimbabwe, then Rhodesia, in November 1948. The first Board Meeting was held on January 18, 1949.
In 1984, another retail brand called Express was introduced and its first store opened in Harare’s Julius Nyerere Way.
By 1988 there were 24 Express outlets. In November 2011, Express Mart was rebranded and Jet Stores launched, to offer more value and variety to customers.
Sevious Mushosho was appointed as the new CEO effective November 1, 2023 replacing Tjeludo Ndlovu who had served in that capacity for three years.
Mushosho, a former executive of Sub-Sahara Capital Group ( SSCG), was appointed to the Edgars board after bought the majority stake from South Africa’s Edcon SSCG in 2019.
He has been on the Board since July 2022 as a Non-Executive Director and from May 2023 as the Group Chief Operating Officer.
Mushosho is a Fellow Chartered Accountant in Zimbabwe with over 20 years of multinational experience in cross-functional management, financial management, audit, insurance, banking, retail and distribution.
He has worked at executive level in various companies in Zimbabwe, Zambia, Malawi and Mauritius, including Sub Sahara Capital Group, Distribution Group Africa, AfriAsia Holdings limited and Innscor Africa among others.