TFG up on UK expansion
The Citizen|October 30, 2024
The market seemed to welcome South African retail giant The Foschini Group's (TFG) strategic expansion in the UK, with its acquisition of prominent British fashion and lifestyle brand White Stuff confirmed on Friday.
Terri-Ann Brouwers

TFG's shares traded almost 3% up on the JSE on Monday afternoon, at around R153.68 a share. Its shares closed slightly up on Friday at R149.43.

"The transaction will be funded from TFG London's existing banking facilities," TFG said in its Sens, however, it did not specifically cite the value of the deal.

This story is from the October 30, 2024 edition of The Citizen.

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This story is from the October 30, 2024 edition of The Citizen.

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