Foschini Group

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.[3] It is headquartered in Parow East near Cape Town.

TFG Ltd

Type	Public
Traded as	JSE: TFG
Industry	Retail
Founded	1924
Headquarters	Parow East, Western Cape , South Africa
Number of locations	2468 across 24 countries
Area served	Africa, UK, Australia
Key people	Michael Lewis (chairman) Anthony Thunström (Chief executive officer)[1]
Revenue	R 34.1 billion [2]
Number of employees	29,121 (2019)[2]
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
Website	www.tfglimited.co.za

In 2015, the company acquired the British apparel chain Phase Eight[4][5] from TowerBrook Capital Partners, then valued at £300 million.[6]

In March 2016, TFG acquired the British chain Whistles with its 46 retail shops.[5] In 2017, the company acquired Australian retail company Retail Apparel Group from Navis Capital Partners.[7]

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.[3][8]

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.[9][10]

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.[11]