Tag: The Foschini Group

The Foschini Group
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Foschini Group’s UK fashion brands hit by cybersecurity incident

TFG investigates a UK cyber incident affecting Phase Eight, Hobbs and Whistles as its stores continue trading.

Timilehin Adejumobi Timilehin Adejumobi
South African retail giant The Foschini Group
BusinessHot News

South Africa’s Foschini cuts jobs, plans 280 store closures across Africa

The Foschini Group plans to close 280 stores by 2029 as online sales surge 54 percent and corporate job cuts deepen its retail restructuring.

Omokolade Ajayi Omokolade Ajayi
South African retail giant The Foschini Group
BusinessHot News

South Africa’s Foschini Group eyes job cuts, store closures in major overhaul

The Foschini Group has opened retrenchment talks and mapped out 100 store closures as a retail slump wipes over $600 million off its value.

Omokolade Ajayi Omokolade Ajayi
South African retail giant The Foschini Group
Hot NewsBusiness

South African retail leader TFG sinks to 16-year low, wiping out $606 million

South African retail giant TFG plunged to a 16-year low, losing over $606 million in market value as weak demand squeezes margins.

Omokolade Ajayi Omokolade Ajayi