TFG 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...

Report

TFG London secures 90 million pound refinancing

In what has been dubbed as a “significant step forward” in its strategic growth plans, TFG London has announced a successful 90 million pound funding. The group, which owns Hobbs, Whistles and Phase Eight, said that it had secured the refinancing of an existing 60 million pound debt facility on top of an additional 30 million pound, giving it “...

Report

TFG London swings to full-year profit

THG London swung to a profit in its most recent fiscal year as it continued to recover from the pandemic. The company, which owns labels Phase Eight, Whistles, and Hobbs, made a profit after tax of 3.46 million pounds for the year ended March 25, compared to a loss of 0.1 million pounds a year earlier, according to filings at Companies House....

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...

Report

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...

Management|ANALYSIS

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...

Report

The Foschini Group to acquire Hobbs

British womenswear brand Hobbs, which was scouting for a buyer has found one in South African retailer The Foschini Group (TFG). TFG London, which acquired Britain's Phase Eight in 2015 and high-street fashion retailer Whistles last year, will buy Hobbs for an undisclosed amount, reports Moneyweb. Hobbs posted an 8.7 percent rise in its full...

Report

Phase Eight and Whistles owner posts 14.6 percent sales growth

Phase Eight and Whistles owner - The Foschini Group (TFG) has said that the recent British acquisitions led to a better than expected Christmas sales growth of 14.6 percent, said a Fashion Network report. The shares also traded to a 20-month high on the buoyant result, it added. TFG acquired Britain's Phase Eight in 2015 and high-street fashion...