It’s quite funny, really.Seldom have so many South African apparel retailers been as united as they are in their opposition to twin international threats, ecommerce retailers Temu and Shein, while simultaneously, many of their own managements and staffs – and their families – are not-so-secret customers of those same ent ...more

All the South African-owned factories who speciaiise in supplying volume orders to chains, and who agreed to comment, said volumes had dropped and that some of their chain customers openly said they had gone back to China.There have been casualties: In KZN, Nikkita Footwear Manufacturing, Prisaan Footwear, De Javw/Footech and Everstrong S ...more

In support of government’s 2030 Retail - Clothing Textile Footwear and Leather (R-CTFL) masterplan, TFG remains committed to building and growing our local manufacturing capability and capacity. In unit terms, more than 76% of our products are produced locally, in SADC or South Africa. By investing in and prioritising local producti ...more

According to an article in Moneyweb on 05 September, foreign investors have “dumped” shares in entertainment business MultiChoice Group and apparel retailers Mr Price Group and TFG Ltd.It said the catalyst had been a quarterly review of indices by US investment advisor MSCI Inc., which had led to “an approximate outflow ...more

Cape Town, W. Cape, SA - On Friday, TFG streamed its year-end results to investors, media and employees.To see the full results, go to: https://tfglimited.co.za/wp-content/uploads/2023/06/FYE-23-Investor-Presentation-Deck-2.pdfTo see the webcast, go to: https://www.youtube.com/watch?v=23AOOwP4hLMCEO Anthony Thunström said turnover wa ...more

Cape Town, W. Cape, SA - The Tribunal has approved, subject to employment and local procurement related conditions, the proposed merger whereby Foschini Retail Group (Pty) Ltd intends to acquire the business conducted under the Street Fever business name from BMT Street Fever (Pty) Ltd.      Post-merger, the ...more

Cape Town, W. Cape, SA (23 January 2023) - In a SENS announcement, The Foschini Group repeated the announcement it made via the financial press in December that it has bought Port Elizabeth-based sport fashion chain Street Fever. It will rename most of the stores under its own brand, Sneaker Factory, and convert remaining stores to other ...more

Cape Town, W. Cape, SA - The Foschini Group (TFG), which had been identified as the interested party by several sources close to negotiations between the Industrial Development Corporation (IDC) and potential buyers of clothing manufacturer Celrose and its footwear manufacturing subsidiary, Eddels Footwear, is NOT buying Celrose, TFG said ...more