Published: 26 January 2018

One of Zimbabwe's oldest furniture firms Pelhams has started re-opening its branches across the country after TN Harlequin, one of its creditors and sister company, undertook to bailout the company to avoid liquidation.

Pelhams was delisted from trading on the Zimbabwe Stock Exchange in 2016 after the company violated some listing requirements.

Tawanda Nyambirai said the re-opening had been made possible after the scheme of arrangement, which saw TN Harlequin agreeing to pay off the creditors and re-open Pelhams shops.
- Business Weekly

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