Truworths

Last updated
Truworths
Company type Public company
Industry Clothing
Headquarters,
South Africa
Number of locations
777
Area served
Africa
Key people
Michael Mark (CEO)
Hilton Saven (Chairman) [1]
RevenueIncrease2.svg R18.2 billion (2016) [1]
Increase2.svg R4.1 billion (2016) [1]
Increase2.svg R2.8 billion (2016) [1]
Total assets Increase2.svg R17 billion (2016) [1]
Total equity Increase2.svg R8.6 billion (2016) [1]
Number of employees
11,698 [1]
Subsidiaries Office Holdings

Truworths is a Cape Town-based, South African clothing retailer, with 728 stores in South Africa, and 49 elsewhere in Africa. [2]

Founded as The Alliance Trading Company in 1917, Truworths sells clothing under a number of different brands, including Truworths Man, UZZI, and LTD, [3] employs over 11,000 people, and generates over R18 billion in annual revenue. [1]

In December 2015, Truworths acquired the UK shoe chain Office Holdings for £256 million. [4]

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References

  1. 1 2 3 4 5 6 7 8 "Truworths Annual Financial Statements 2016" (PDF). Truworths. 2016-08-18. Retrieved 2017-02-05.
  2. "About Us". Truworths. Retrieved 2017-02-05.
  3. "Our History". Truworths. Retrieved 2017-02-05.
  4. Farrell, Sean; Butler, Sarah (24 March 2016). "Whistles bought by South Africa's Foschini Group | Business | The Guardian". The Guardian. theguardian.com. Retrieved 2016-03-24.

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