Foschini Group
Foschini Group is a South African retail clothing company with more than 3,000 stores.[3] It is headquartered in Parow near Cape Town.
| Type | Public |
|---|---|
| JSE: TFG | |
| Industry | Retail |
| Founded | 1925 |
| Headquarters | , South Africa |
Number of locations | 2468 across 24 countries |
Area served | Africa, UK, Australia |
Key people | Michael Lewis (chairman) Anthony Thunström (Chief executive officer)[1] |
| Revenue |  R 34.1 billion [2] |
Number of employees | 29,121 (2019)[2] |
| Subsidiaries |
Phase Eight Whistles Retail Apparel Group Markham Sportscene Totalsports Foschini Fabiani Hi @home Donna Duesouth Escapes Exact Foschini For Beauty MyTFGworld Archive Store the FIX Totalsports |
| Website | www |
In 2015, the company bought the British apparel chain Phase Eight[4][5] from TowerBrook Capital Partners, then valued at £300 million.[6]
In March 2016, Foschini Group acquired the British chain Whistles with its 46 retail shops.[5] In 2017, the company acquired Australian retail company Retail Apparel Group from Navis Capital Partners.[7]
In March 2020, Foschini Group announced that, during the on-going COVID-19 pandemic, the company would cease to pay rents for its retail locations during the resultant lockdowns in South Africa.[3][8]
References
- "TFG CFO Anthony Thunström now CEO". CFO South Africa. 14 March 2018. Retrieved 23 March 2019.
- {{cite web| url= https://tfglimited.co.za/wp-content/uploads/2020/02/Integrated-Annual-Report-2019.pdf | title=Annual Report 2019|accessdate=22 June 2020
- Naidoo, Lauren (March 30, 2020). "TFG insists it won't pay April rent due to lockdown". moneyweb.com. Retrieved June 6, 2020.
- Roberts, Lauretta (7 March 2016). "Jigsaw and Whistles "in sale talks"". The Industry. Retrieved 8 March 2016.
- "Whistles bought by South Africa's Foschini Group | Business | The Guardian". theguardian.com. Retrieved 24 March 2016.
- Armstrong, Ashley (January 15, 2015). "Phase Eight sold to South African retailer Phase Eight sold for £238m". The Telegraph. Retrieved June 4, 2020.
- "The Foschini Group snaps up IPO hopeful RAG for $302m". Australian Financial Review. 2017-05-25. Retrieved 2020-02-10.
- Mahlangu, Kagiso (May 7, 2020). "Big standoff between retailers and landlords looms". bizcommunity.com. Retrieved June 6, 2020.
External links
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