Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Sales up at Phase Eight and Whistles owner

TFG Brands, the holding company for Whistles and Phase Eight, reported a 47% jump in sales to £127.8m for the six months to 30 September.

Whistles menswear shop

Whistles menswear shop

Headquartered in London and led by CEO Ben Barnett and managing director Lee Harlow, TFG Brands is owned by South African retail group The Foschini Group.

EBITDA increased 20% to £16.3m. During the period, a further six stores, 40 concessions and a new online channel were opened across the two brands, and the group’s new markets included Spain and Macau.

Phase Eight’s openings included 19 new international stores and concessions across seven countries. International is expected to represent more than 25% of total full year sales and EBITDA.

Whistles’ openings included branches in Spain – the brand’s first in the country –  and Dubai. Stores in Hong Kong and Switzerland will open in the second half of the financial year.

Barnett said: “While UK retail faces well-documented headwinds from the weakness of sterling and rising costs of employment, the operational strength of our brands, together with the financial strength of our balance sheet, is increasingly presenting us with both organic and acquisitive growth opportunities. We are optimistic about the full year and the next phase of our brands’ development.”

TFG Brands operates 22 brands across fashion, jewellery, homeware, sports, outdoor and mobile.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.