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...
Nov 29, 2017
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...
Nov 20, 2017
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...
Mar 24, 2016
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...
Mar 7, 2016
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...
Jan 16, 2015