TFG London news and archive

White Stuff names Tracey Verghese as managing director

White Stuff has promoted Tracey Verghese to managing director. The position is a step up from Verghese’s current role as trading director, in which she had been leading the British fashion retailer’s commercial strategy. In a statement, Verghese said it was “an honour” to step into the role of managing director”, adding that the company was “in...

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White Stuff records strong Christmas trading

British fashion and lifestyle retailer White Stuff, reported a strong Christmas trading period with total sales up 21.8 percent year on year, underpinned by strong e-commerce growth of 32.5 percent and store sales increase of 8.5 percent. The brand, now part of TFG London, said in a release that full price sales increased by 26.8 percent year on...

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Hobbs, Whistles and Phase Eight owner TFG London acquires White Stuff

TFG London, owner of Hobbs, Whistles and Phase Eight fashion brands, has acquired British fashion and lifestyle retailer, White Stuff. Without disclosing the financial details, the company said that the acquisition will be funded from the group’s recently refinanced debt facility.. TFG London said in a release that it will retain White Stuff’s...

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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 “...

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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....

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Whistles owner TFG reportedly mulling Joules bid

TFG London, the parent company of Phase Eight, Whistles and Hobbs, is said to be among those considering a bid for struggling fashion and lifestyle group Joules, which fell into administration last week. According to a report by Sky News, the retail firm, which is the UK arm of South African lifestyle giant The Foschini Group, had been in...

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TFG London CEO steps down

TFG London CEO Ben Barnett is reportedly leaving the company in June 2021 after fourteen years at its helm. Justin Hampshire, the managing director of Hobbs - one of the group’s brands - has been named as Barnett’s successor, and will also take up the role of group managing director, Drapers reports. Hampshire has been at TFG London since 2016,...