Company type | Public |
---|---|
JSE: TFG | |
Industry | Retail |
Founded | 1924 |
Headquarters | , South Africa |
Number of locations | 2468 across 24 countries |
Area served | Africa, UK, Australia |
Key people | Michael Lewis (chairman) Anthony Thunström (Chief executive officer) [1] |
Revenue | ![]() |
Number of employees | 29,121 (2019) [2] |
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 , is a South African JSE listed retail clothing group, which trades under various brands and has more than 3,000 stores within its portfolio. [3] It is headquartered in Parow East near Cape Town.
In 2015, the company acquired the British apparel chain Phase Eight [4] [5] from TowerBrook Capital Partners, then valued at £300 million. [6]
In March 2016, TFG acquired the British chain Whistles with its 46 retail shops. [5] In 2017, the company acquired Australian retail company Retail Apparel Group from Navis Capital Partners. [7]
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. [3] [8]
During the course of 2020, TFG acquired the chain of Jet stores from an ailing 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. [9] [10]
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. [11]
Penney OpCo LLC, doing business as JCPenney and often abbreviated JCP, is an American department store chain that operates 656 stores across 49 U.S. states and Puerto Rico. Departments inside JCPenney stores include Men's, Women's, Boys', Girls', Baby, Bedding, Home, Fine Jewelry, Shoes, Lingerie, JCPenney Salon, JCPenney Beauty, as well as leased departments such as Seattle's Best Coffee, US Vision optical centers, and Lifetouch portrait studios.
Sunglass Hut is an international retailer of sunglasses and sunglass accessories founded in Miami, Florida, United States, in 1971. Sunglass Hut is part of the Italian-based Luxottica Group, the world’s largest eyewear company.
Woolworths Holdings Limited is a South African multinational retail company that owns Woolworths, a South African luxury department store chain, and Australian retailer Country Road Group.
Trent Limited is an Indian retail company, which is part of the Tata Group and based in Mumbai. Started in 1998, Trent owns and operates fashion and lifestyle retail formats such as Westside, Zudio and Utsa. The company also runs retail chains like Star Bazaar and Zara through joint ventures.
Edcon Limited was a retail company based in Johannesburg, South Africa. Its subsidiaries included Edgars, a department store with 203 branches. In 2020, the Competition Tribunal approved the sale of the Edgars division to Retailability (pty) Ltd, and Jet to The Foschini Group.
La Senza Corporation is a Canadian fashion retailer that sells women's lingerie and intimate apparel. The La Senza brand is currently owned by Regent which operates and owns La Senza stores in Canada and the United States and uses a franchise model for the operation of stores outside Canada and the United States.
B&M Retail Limited, trading as B&M, is a British multinational variety store chain founded in 1978 and based in Speke. It is listed on the London Stock Exchange, and is a constituent of the FTSE 250 Index.
Reliance Retail is an Indian retail company and a subsidiary of Reliance Industries. Founded in 2006, it is the largest retailer in India in terms of revenue. Its retail outlets offer foods, groceries, apparel, footwear, toys, home improvement products, electronic goods, and farm implements and inputs. As of 2023, it has over 245,000 employees at 18,000 store locations in 7,000 towns.
Glentel Inc. is a Canadian telecommunications retailer based in Burnaby, British Columbia, jointly owned by BCE Inc. and Rogers Communications.
Pepkor is a South African-based investment and holding company focused on the discount and value consumer retail and fintech markets. The majority of operations are in South Africa, and operations extend to other African countries and Brazil. It manages retail brands, selling predominantly clothing, footwear, and homeware products, in addition to household furniture, appliances, consumer electronics, and building materials.
Mark's is a Canadian clothing and footwear retailer specializing in casual and industrial wear. Beginning in 1977 as Mark's Work Wearhouse in Calgary, Alberta, it evolved from an industrial accessories dealer to a men and women's casual and industrial wear retailer. The company operates over 380 stores across Canada and has been a subsidiary of Canadian Tire since 2002.
Phase Eight is a British women's wear clothing brand. The company has stores and concessions in the United Kingdom, Ireland, Switzerland, Germany, Sweden, Australia, UAE, and other countries.
Truworths is a Cape Town-based, South African clothing retailer, with 728 stores in South Africa, and 49 elsewhere in Africa.
City Chic Collective (CCC), founded as Miller's Retail in 1992, and rebranded in December 2006 to Specialty Fashion Group, is an Australian retail clothing company. It is headquartered in the Sydney suburb of Alexandria. As of January 2024, the company operates 90 stores in Australia and New Zealand, and a global online store. City Chic stores specialise in plus-sized women's clothing.
Sycamore Partners is an American private equity firm based in New York specializing in retail and consumer investments. The firm has approximately $10 billion in aggregate committed capital.
TymeBank is a South African digital bank aimed at the lower income market. Headquartered in Rosebank, Johannesburg, TymeBank does not have any physical bank branches and relies on an Android banking App, and Internet Banking site and a partnership with two retail chains, Pick n Pay and Boxer, to host a national network of self-service kiosks that facilitate the account opening process.
Michael Lewis is a South African-born British businessman in the fashion industry, and chairman of Foschini Group.
The COVID-19 pandemic has taken a sharp economic toll on the retail industry worldwide as many retailers and shopping centers were forced to shut down for months due to mandated stay-at-home orders. As a result of these closures, online retailers received a major boost in sales as customers looked for alternative ways to shop and the effects of the retail apocalypse were exacerbated. A number of notable retailers filed for bankruptcy including Ascena Retail Group, Debenhams, Arcadia Group, Brooks Brothers, GNC, J. C. Penney, Lord & Taylor and Neiman Marcus.
Accent Group Limited is an Australian and New Zealand footwear and clothing retail, wholesaling and distribution company. It has more than 800 retail stores, along with 19 brands, and more than 20 online platforms.
Retail Apparel Group is an Australian and New Zealand clothing retail company, wholly owned by the Foschini Group. The company operates stores under the Tarocash, Connor, yd., Johnny Bigg, Rockwear and AXL+Co brands.