West Pack Lifestyle initiates business rescue to save jobs and stores

VAAL TRIANGLE - West Pack Lifestyle has voluntarily entered business rescue proceedings due to financial distress. CEO Jose Da Silva cited the company’s inability to meet debts. According to BusinessTech, Matuson Associates announced that Grant Chittenden, Jenna Osborne and Lance Schapiro will serve as joint business rescue practitioners. With 52 stores and 924 employees across Southern Africa, West Pack aims to save jobs and restructure operations. Contributing factors include rapid expansion, high capital costs, incorrect inventory and economic challenges. The company is exploring asset sales and operational improvements to achieve a turnaround.