SOUTH AFRICA: Nike, Reebok, Caught In R1bn RAG Collapse
Creditors including Nike, Reebok, Converse, SA Clothing Industries, Eddels Shoes, and Springfield Footwear have filed claims in excess of R1 billion against Retail Apparel Group, the holding company for several clothing, footwear and accessories chains that was placed in provisional liquidation on 28 May.