DURBAN – Steinhoff International subsidiary Pepkor has lost yet another round against its former Tekkie Town executives for the control of the sneaker maker after the Western Cape High Court refused its application for leave to appeal against a court order granted in April.
Pepkor wanted to appeal against the interim interdict granted by Judge Nathan Erasmus that prevents Steinhoff and its subsidiaries from taking any action that would prevent the return of a controlling interest in and the business of Tekkie Town to its former founder and management until the main case has been determined.
On Monday, Pepkor said it was not fazed by the setback, arguing that it would not have an immediate impact on its operations.
It said it was planning to take the fight to the Supreme Court of Appeal.
“Pepkor has repeatedly affirmed that this order has no immediate impact on its operations, as it has no intention of selling Tekkie Town,” Pepkor said.