Foschini Group 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...

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...

Business

Joules takeover deal by Foschini Group said to be imminent

A new report has suggested that Joules is on the brink of a rescue deal with South African retail conglomerate, the Foschini Group (TFG). According to Sky News, the group, which also owns Hobbs and Whistles, is close to closing an agreement to buy the majority of Joules’ stores and assets, amounting to roughly three-quarters of the brand’s...

Business|ANALYSIS Featured

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...