Entrepreneur and founder of Drip Footwear Lekau Sehaona dropped a bombshell this week when he announced that his business is being liquidated. In a letter sent to the employees, the employer stated ...

'In the meantime, the liquidator will negotiate with interested parties and take offers from them to take over the brand, the business and the stock.' There is a possibility that Drip Footwear, ...

Local sneaker brand Drip Footwear employees are upset after they were dismissed this week following the liquidation of the company. On 9 September, the High Court in Johannesburg ordered the ...

Drip, the popular South African sneaker and apparel brand founded by Lekau Sehoana, has been ordered to liquidate by the Gauteng High Court, Johannesburg, following a financial dispute with creditors.

Drip collapsed under the weight of unsustainable growth and weak internal controls. For South African business owners, this case holds vital lessons: how rapid expansion, without the right systems in ...

JOHANNESBURG - Following the liquidation of his popular shoe brand, Drip Footwear, businessman Lekau Sehoana has returned with a new label, Drip Sportif, calling it a "rebirth". Drip Footwear was ...

Earlier this year, Wideopen Platform filed papers in the high court in Johannesburg, seeking an order to wind up Drip. It said the company was insolvent and unable to service its debts. The company ...

JOHANNESBURG - The advertising company behind the liquidation of popular Drip Footwear says there is still a chance the company could rebrand and make a return under new management. Last week, ...

Drip Footwear was one of South Africa’s most visible SME success stories—until it wasn’t. Within five years, the brand evolved from a township startup to a national retail name, celebrated for its ...