Category list : TFG London
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Ben Barnett, CEO, TFG London Subscription
Steered by Ben Barnett, the UK arm of South African retail business The Foschini Group slowed down its acquisitive strategy this year and focused instead on growing the womenswear retailers already in its portfolio: Hobbs, Whistles, Phase Eight and Damsel in a Dress.
Boost in sales at The Foschini GroupSubscription
South African retail business The Foschini Group (TFG), which owns Phase Eight, Whistles and Hobbs in the UK, has reported a 19.6% rise in retail sales to $2.36bn (£1.86bn) for the year ended 31 March.
The sale of Hobbs to Phase Eight and Whistles owner TFG London provides a glimmer of light on an otherwise gloomy high street in the run-up to Christmas.
South African retailer The Foschini Group (TFG) is planning to open 100 UK stores and concessions for Damsel in a Dress after acquiring the womenswear brand this week.
Hobbs heads for Hong KongSubscription
Hobbs will cut the ribbon on its first store in Hong Kong in December, entering its seventh new international market this year.
The sale of Hobbs to TFG London will help to accelerate its success in the UK and abroad, chief executive Meg Lustman has told Drapers.
Phase Eight and Whistles owner acquires HobbsSubscription
TFG London, the owner of Phase Eight and Whistles, has bought British womenswear brand Hobbs for an undisclosed sum.
South African retailer The Foschini Group (TFG) has scooped up another UK business in the form of womenswear brand Damsel in a Dress.
Phase Eight brand director steps downSubscription
Judith Bremner will step down as brand director of Phase Eight at the end of June, after 18 years.
Phase Eight will embark on further store expansion following its acquisition by The Foschini Group (TFG) and will launch a standalone plus-size brand in the UK and overseas.