The Foschini Group news and archive

TFG eyeing 100 store closures amid more subdued year

The Foschini Group (TFG), the parent company of Hobbs, Phase Eight, and White Stuff, is planning to shutter 100 underperforming stores as it anticipates a “more subdued year” ahead. In an interview with the Sunday Times, the South African company’s chief executive, Anthony Thunström, said around 300 underperforming stores had been identified...

Member

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...