Foschini Group news and archive

Whistles owner reportedly close to acquiring White Stuff

South African-based The Foschini Group (TFG) is believed to be close to securing a deal to acquire White Stuff as it continues to cement its expansion plans. The company, which owns the likes of Whistles, Phase Eight and Hobbs, could see a possible acquisition agreement struck “within days”, sources for Sky News said, resulting in what could be...

Business

TFG to bring JD Sports to South Africa

The Foschini Group (TFG) is set to bring British sportswear retail giant JD Sports to the South African market through a newly established franchise agreement with the group. As JD Sports’ exclusive retail partner in the region, TFG’s CEO Anthony Thunström said the company would be bolstering its existing sports positioning, building on its...

Business

TFG said to be protesting Next’s acquisition of Joules

The Foschini Group (TFG), a South African retail conglomerate that was in the line up of Joules bidders, has reportedly filed a complaint after it missed out on snapping up the troubled British brand. According to Sky News, the group, which operates the likes of Phase Eight and Hobbs, has written to Joules’ administrators Interpath Advisory...

Business

Joules takeover deal by Foschini Group said to be imminent

A new report has suggested that Joules is on the brink of a rescue deal with South African retail conglomerate, the Foschini Group (TFG). According to Sky News, the group, which also owns Hobbs and Whistles, is close to closing an agreement to buy the majority of Joules’ stores and assets, amounting to roughly three-quarters of the brand’s...

Business |ANALYSIS Featured

All Foschini wants for Christmas is…a trading uplift

The South African retail group is relying on Christmas trading to boost its full-year performance, as its bottom line remained flat for its half-year results. Fashion retailer Foschini [JSE: TFG] reported its interim results for the period ended September 30 in early November, unveiling a 9.2 percent revenue jump. Its bottom line however was...

Business

UPDATE: Jigsaw seeks fast-track deal with potential investors

London - Womenswear retailer Jigsaw is reportedly hard at work putting together a fast-track deal for a potential takeover. The retailer is said to have approached a number of investors, including the Foschini Group (TFG), owner of Whistles, Hobbs and Phase Eight. Advisers to Jigsaw are understood to have been discussion with the South African...

Business |UPDATE Featured

South African retail group Foschini acquires Whistles

South African retail group, Foschini, has announced its acquisition of British fashion retailer Whistles, for an undisclosed sum, as the retail conglomerate continues its international expansion scheme. Foschini Group takes over Whistles for undisclosed sum Foschini Group revealed that it had acquired all the shares in Whistles, taking over the...

Fashion Featured

Phase Eight owner considers making a bid for Whistles

London - Foschini Group, the South African retail group which acquired international women’s wear label Phase Eight last year, is said to have it sights set on taking over another high street staple: Whistles. The British fashion retailer has taken on advisers at KPMG to help prepare for a potential sale and has already received interest from a...

BusinessFeatured

Phase Eight set for African expansion after being acquired by The Foschini Group

Private equity firm TowerBrook has announced the sale of international women's wear label Phase Eight to The Foschini Group, a retail group based in South Africa, in a transaction which values the brand at 238 million pounds. The announcement comes months after TowerBrook began hinting at the potential sale to cash out on Phase Eight profit rise...