| Company type | Public |
|---|---|
| Traded as | JSE: TFG |
| Industry | Retail |
| Founded | 1924 |
| Headquarters | Parow East, Western Cape, South Africa |
| Number of locations | 2468 across 24 countries |
| Area served | Africa, UK, Australia |
| Key people | Michael Lewis (chairman) Anthony Thunström (Chief executive officer) |
| Revenue |  R 34.1 billion |
| Number of employees | 29,121 (2019) |
| Subsidiaries |
Phase Eight Whistles Retail Apparel Group Markham Sportscene Totalsports Foschini Fabiani Hi @home Donna Duesouth Escapes Exact Foschini For Beauty MyTFGworld Archive Store the FIX Jet Coricraft Bash |
| Website | www |
TFG Limited, also known as The Foschini Group (pronounced as "Voesjienie" in Afrikaans), is a South African JSE listed retail clothing group, which trades under various brands and has more than 3,000 stores within its portfolio. It is headquartered in Parow East near Cape Town.
In 2015, the company acquired the British apparel chain Phase Eight from TowerBrook Capital Partners, then valued at £300 million.
In March 2016, TFG acquired the British chain Whistles with its 46 retail shops. In 2017, the company acquired Australian retail company Retail Apparel Group from Navis Capital Partners.
In March 2020, TFG announced that, during the on-going COVID-19 pandemic, the company would cease to pay rents for its retail locations during the resultant lockdowns in South Africa.
During the course of 2020, TFG acquired the chain of Jet stores from a failing Edcon, further expanding their footprint as a retail conglomerate.
On 5 October 2021, it was reported that TymeBank would open approximately 600 banking service kiosks in TFG retail outlets in 2022.
Through a series of investments, TFG has increased its manufacturing capacity in South Africa. By November 2021, it was producing almost three quarters of its apparel locally.
References
- "TFG CFO Anthony Thunström now CEO". CFO South Africa. 14 March 2018. Retrieved 23 March 2019.
- ^ "Annual Report 2019" (PDF). Retrieved 22 June 2020.
- ^ Naidoo, Lauren (30 March 2020). "TFG insists it won't pay April rent due to lockdown". moneyweb.com. Retrieved 6 June 2020.
- Roberts, Lauretta (7 March 2016). "Jigsaw and Whistles "in sale talks"". The Industry. Retrieved 8 March 2016.
- ^ Farrell, Sean; Butler, Sarah (24 March 2016). "Whistles bought by South Africa's Foschini Group | Business | The Guardian". The Guardian. theguardian.com. Retrieved 24 March 2016.
- Armstrong, Ashley (15 January 2015). "Phase Eight sold to South African retailer Phase Eight sold for £238m". The Telegraph. Retrieved 4 June 2020.
- "The Foschini Group snaps up IPO hopeful RAG for $302m". Australian Financial Review. 25 May 2017. Retrieved 10 February 2020.
- Mahlangu, Kagiso (7 May 2020). "Big standoff between retailers and landlords looms". bizcommunity.com. Retrieved 6 June 2020.
- Theunissen, Garth (5 October 2021). "TymeBank to roll out 600 kiosks at TFG stores". BusinessLIVE. Retrieved 4 November 2021.
- Theunissen, Garth (5 October 2021). "TymeBank to roll out 600 kiosks at TFG stores" (PDF). BusinessLIVE. Retrieved 4 November 2021.
- Shevel, Adele (18 November 2021). "TFG's mission to buy local, and make local". BusinessLIVE. Retrieved 22 November 2021.