The Foschini Group news and archive

South Africa’s TFG reports 19.6 percent rise in turnover

For the year to March 31, 2019, The Foschini Group (TFG) reported retail group turnover growth of 19.6 percent compared to March 2018 with turnover growth of 8.9 percent for TFG Africa, 31.3 percent for TFG London and 58.3 percent for TFG Australia. Including comparable numbers for Hobbs (TFG London) and RAG (TFG Australia) acquired during the...

Business

TFG reports upbeat sales growth in December

South African retailer The Foschini Group (TFG) has reported a 31 percent increase in December sales after its recent acquisition of Britain’s womenswear label Hobbs, reports Reuters Africa. The group had earlier acquired two other UK-based businesses including Phase Eight in 2015 and high-street fashion retailer Whistles in 2016. The company...

Business

Troubled Foschini Group seeks shelter within childrenswear

South African clothing retailer The Foschini Group (TFG) keeps looking for new areas of growth that help them offset a series of backslashes. Now, the fashion group is planning two chains of stores aimed at children. As announced by Chief Executive Doug Murray in a conference with reporters on Wednesday, the South African retailer will open its...