TFG Limited

The Foschini Group
TypePublic
JSE: TFG
IndustryRetail
Founded1924
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)
RevenueIncreaseR 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
Websitewww.tfglimited.co.za

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.


This page was last updated at 2023-12-23 00:37 UTC. Update now. View original page.

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