TFG news and archive

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...