Foschini Group is a South African retail clothing company with more than 3,000 stores. It is headquartered in Parow near Cape Town. In 2015, the company bought the British apparel chain Phase Eight from TowerBrook Capital Partners, then valued at £300 million.
Foschini Group was founded in 1838
Foschini Group announced that, during the ongoing COVID-19 pandemic, the company would cease to pay rents for its retail locations during the resultant lockdowns in South Africa
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Foschini Group Information
| Industry | Retail |
|---|---|
| Founded | 1925 |
| Headquarters |
Parow, 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) |
| Revenue | R 34.1 billion |
|
Number of employees
|
29,121 (2019) |
| Subsidiaries |
show |
| Website | www.tfglimited.co.za |
- Recommended: 100 List of Richest companies in Africa 2023
Source – Wikipedia.
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