Lekau Sehoana’s Drip Footwear company liquidates
Popular South African streetwear brand Drip Footwear has been told to be liquidated by the High Court in Johannesburg.
This ruling follows an application by Wideopen Platform, a company specialising in large-scale advertising, which claims Drip owes them R20 million for services rendered.
Drip Footwear, owned by Lekau Sehoana, has laid off several workers from its 14 stores across the country.
Wideopen’s attorney, Kim Warren, explained to The Citizen that Drip tried to oppose the liquidation in March but was unsuccessful. “Wide-open owed R20 million for advertising services… he tried to oppose it in March but did not win,” Warren said.
A staff of the company said Lekau didn’t inform the staff of the liquidation.
“He did not tell us what was actually happening. It was sudden when last Wednesday we saw sheriffs we were told the store is being closed and staff should pack and leave,” a manager explained.
“He had known for months about the (application to liquidate) and we were either getting short-paid or paid late,” the manager said.
In a letter to employees on Monday, Sehoana addressed the liquidation, saying, “Kindly note that the business has taken every measure to attempt and avoid the liquidation process. Unfortunately, this was an eventuality that could not be avoided notwithstanding the measures considered by the business.”
