The Foschini Group dials-a-bed
The Foschini Group (JO:TFGJ) (or TFG - they stole my listing ticker before I became big enough to be a listed company!) is making a significant acquisition in South Africa, which is always...
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TFG embarrasses Woolworths in Australia
The Foschini Group (JO:TFGJ) (TFG) rallied 4.2% on Friday based on its trading update for the third quarter of the 2021 financial year. This covers the three-month and nine-month periods...
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Truworths is going sideways
Truworths (JO:TRUJ) has released a business update and trading statement for the 26-week period ended 26 December 2021. The group operates in South Africa and in the UK, which means it has...
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Discovery Bank And Vitality Money Clients Spent 600 Million Discovery Miles This November
Discovery (JO:DSBPp) Bank and Vitality Money clients spent 600 million Discovery Miles, adding up to R100 million in purchases, this November, according to the CEO of Discovery...
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UPDATE 1-S.African retailer TFG flags up to 85% decline in FY profit
(Recasts with profit forecast)JOHANNESBURG, May 14 (Reuters) - South African retailer TFG TFGJ.J flagged an up to 85% decline in full-year profit on Friday, hurt by COVID-19-led lockdowns...
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S.African retailer TFG posts higher Q4 sales on Jet acquisition boost
JOHANNESBURG, May 14 (Reuters) - South African fashion retailer TFG TFGJ.J reported turnover growth of 21% in the fourth quarter ended March, aided by the contribution of recently acquired...
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BRIEF-Foschini Group Ltd FY Group Online Turnover Growth Of 33,4%
May 14 (Reuters) - Foschini Group Ltd TFGJ.J :* JSE: TFG - TFGP - TRADING STATEMENT AND TRADING UPDATE FOR Q4 FY2021 AND THE TWELVE MONTHS ENDED 31 MARCH 2021* THE FOSCHINI GROUP LTD - GROUP...
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UPDATE 1-South Africa's Pepkor H1 profit seen up 20% as cash-strapped shoppers seek value
(Adds details)JOHANNESBURG, April 28 (Reuters) - South African retailer Pepkor Holdings PPHJ.J said on Wednesday half-year earnings were expected to rise by at least 20%, supported by growth...
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UPDATE 1-South Africa's Pepkor Q1 sales rise as cash-strapped shoppers seek value
(Adds details) JOHANNESBURG, Jan 26 (Reuters) - South African retailer Pepkor Holdings PPHJ.J said on Tuesday that sales in its first quarter rose by 7.7% as it continued to acquire market...
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UPDATE 1-South African rand rises strongly as more U.S. stimulus seen
(Updates to reflect afternoon trade)JOHANNESBURG, Jan 19 (Reuters) - South Africa's rand rose strongly on Tuesday, helped by a surge in global risk appetite as investors expected Janet...
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BRIEF-The Foschini Group Says Q3 Group Turnover Growth Of 5,5%
Jan 19 (Reuters) - Foschini Group Ltd TFGJ.J :* JSE: TFG - TRADING UPDATE FOR Q3 FY2021 AND THE NINE MONTHS TO 26 DECEMBER 2020* THE FOSCHINI GROUP LTD - TFG AFRICA Q3 FY2021 TURNOVER GROWTH...
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UPDATE 1-S.Africa's TFG posts higher Q3 sales on Jet acquisition boost, online growth
(Adds details)JOHANNESBURG, Jan 19 (Reuters) - South African fashion retailer TFG TFGJ.J reported a 5.5% rise in third-quarter turnover on Tuesday, thanks to its acquisition of budget...
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South Africa's TFG posts higher Q3 turnover on online sales boost
Jan 19 (Reuters) - South African fashion retailer TFG TFGJ.J said on Tuesday its third-quarter turnover rose 5.5% as online sales surged during the COVID-19 pandemic and it had received...
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UPDATE 2-S.Africa's TFG targets $4 mln capex for Jet, plans to roll out 150 stores
* TFG swings to H1 headline loss* Store closures hit revenue* Projected 30-50 mln rand in CAPEX for Jet in long-term* Plans to roll out 150 Jet stores over time (Recasts with Jet plans)By...
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South Africa's TFG swings to H1 headline loss
JOHANNESBURG, Nov 5 (Reuters) - South African fashion retailer TFG TFGJ.J swung to a half-year headline loss on Thursday, due to the impact of the coronavirus, which forced store closures in...
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BRIEF-The Foschini Group HY Headline Loss/Share 91 Cents
Nov 5 (Reuters) - Foschini Group Ltd TFGJ.J : * THE FOSCHINI GROUP LTD - NO INTERIM DIVIDEND HAS BEEN DECLARED (SEPT 2019: 335,0 CENTS PER SHARE) * THE FOSCHINI GROUP LTD - HY HEADLINE LOSS...
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South Africa's Foschini expects to swing to half-year loss
JOHANNESBURG, Oct 23 (Reuters) - South African retailer The Foschini Group TFGJ.J warned on Friday it was likely to post a half-year loss due to the impact of the coronavirus, which forced...
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BRIEF-The Foschini Group Sees HY Diluted Headline Loss Per Share Between 131 - 78.6 Cents
Oct 23 (Reuters) - Foschini Group Ltd TFGJ.J :* FURTHER LOCKDOWNS TO CONTINUE TO ADVERSELY IMPACT TRADE PERFORMANCE IN THESE COUNTRIES WELL INTO SECOND HALF OF 2020 CALENDAR YEAR* ONLINE...
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BRIEF-The Foschini Group Says Coronation Holds 5.01% Of Total Share Capital Of Co
Oct 14 (Reuters) - Foschini Group Ltd TFGJ.J :* THE FOSCHINI GROUP - TOTAL INTEREST IN ORDINARY SHARES OF CO HELD BY CORONATION AMOUNTS TO 5.01% OF TOTAL ISSUED ORDINARY SHARE CAPITAL OF CO...
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South Africa's TFG to up investment in local fashion supply chain
By Nqobile DludlaJOHANNESBURG, Oct 7 (Reuters) - South African fashion group TFG TFGJ.J plans to increase investment at its two clothing factories in the Western Cape as it continues to...
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UPDATE 1-South Africa's rand climbs 1%, PPC leads decliners on right issue
(Adds latest figures, analyst comments)JOHANNESBURG, Sept 15 (Reuters) - South Africa's rand climbed to a six-week best on Tuesday as demand for risk assets was lifted by renewed hopes for a...
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BRIEF-Foschini Group Sees HY Basic Headline Earnings Per Ordinary Share To Fall At Least 20,0%
Sept 15 (Reuters) - Foschini Group Ltd TFGJ.J :* THE FOSCHINI GROUP LTD - TRADING CONDITIONS ACROSS ALL MAJOR TERRITORIES, SOUTH AFRICA, UNITED KINGDOM AND AUSTRALIA, CONTINUE TO BE...
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BRIEF-Foschini Group Says Total Interest In Ordinary Shares Of Co Held By Old Mutual Amounts To 10.02%
Sept 11 (Reuters) - Foschini Group Ltd TFGJ.J :* THE FOSCHINI GROUP LTD - TOTAL INTEREST IN ORDINARY SHARES OF COMPANY HELD BY OLD MUTUAL AMOUNTS TO 10.02%
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BRIEF-The Foschini Group Says Total Interest Held By Allan Gray Amounts To 5.14% Of Share Capital
Sept 4 (Reuters) - Foschini Group Ltd TFGJ.J :* THE FOSCHINI GROUP - TOTAL INTEREST IN ORDINARY SHARES OF COMPANY HELD BY ALLAN GRAY AMOUNTS TO 5.14% OF TOTAL ISSUED ORDINARY SHARE CAPITAL...
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Edcon administrators sign sale of Edgars to Durban's Retailability
JOHANNESBURG, Aug 24 (Reuters) - South African retail chain Edcon has signed an agreement to sell parts of its business to private equity-backed Retailability Ltd, administrators in charge...
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South Africa's TFG concludes agreement to buy Jet stores, some approvals pending
JOHANNESBURG, Aug 17 (Reuters) - South African retailer TFG TFGJ.J said on Monday it has concluded an agreement to buy select assets of budget clothes retailer Jet from the administrators of...
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BRIEF-The Foschini Group Says Total Interest In Ordinary Shares Of Company Held By PIC Amounts To 20.29% Of Co
Aug 13 (Reuters) - Foschini Group Ltd TFGJ.J :* THE FOSCHINI GROUP LTD - TOTAL INTEREST IN ORDINARY SHARES OF COMPANY HELD BY PIC AMOUNTS TO 20.29% OF CO
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BRIEF-TFG Says Got Applications For 122.8 Mln Excess Rights Offer Shares
Aug 11 (Reuters) - Foschini Group Ltd TFGJ.J :* THE FOSCHINI GROUP LTD - TFG GOT APPLICATIONS FOR 122.8 MILLION EXCESS RIGHTS OFFER SHARES OF WHICH 1.6 MILLION EXCESS RIGHTS OFFER SHARES...
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BRIEF-The Foschini Group Says Total Interest Co Held By Ninety One Amounts To 6.01%
July 28 (Reuters) - Foschini Group Ltd TFGJ.J :* THE FOSCHINI GROUP - TOTAL INTEREST IN ORDINARY SHARES OF CO HELD BY NINETY ONE AMOUNTS TO 6.01% OF TOTAL ISSUED ORDINARY SHARE CAPITAL OF CO...
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UPDATE 1-S.African rand slips as weak China data overshadows vaccine hope
(Adds latest prices, analyst comments)JOHANNESBURG, July 16 (Reuters) - South Africa's rand weakened on Thursday, pausing a recent rally to one-month highs as disappointing Chinese...
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BRIEF-Foschini Group Says Received All Necessary Approvals To Implement Rights Offer
July 16 (Reuters) - Foschini Group Ltd TFGJ.J :* THE FOSCHINI GROUP LTD - RECEIVED ALL NECESSARY APPROVALS TO IMPLEMENT RIGHTS OFFER* THE FOSCHINI GROUP LTD - RIGHTS OFFER WILL CONSIST OF AN...
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South African e-commerce is a COVID-fired market of risk and reward
* South Africa in lockdown since late March* Online shopping surges as consumers stay home* Retailers add capacity to meet demandBy Nqobile DludlaJOHANNESBURG, July 15 (Reuters) - Like many...
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South Africa's TFG to raise 3.95 bln rand to cut debt
July 14 (Reuters) - The Foschini Group TFGJ.J (TFG) said on Tuesday it was looking to raise up to 3.95 billion rand ($235.35 million) through a rights offer to cut its debt, as the South...
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BRIEF-The Foschini Group Targeting Gross Proceeds Of Up To R3.95 Bln Through Renounceable Rights Offer
July 14 (Reuters) - Foschini Group Ltd TFGJ.J :* TFG IS TARGETING GROSS PROCEEDS OF UP TO R3.95 BILLION THROUGH AN OFFER OF RENOUNCEABLE RIGHTS* BOARD OF DIRECTORS AND MANAGEMENT OF TFG...
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BRIEF-The Foschini Says Total Interest In Co Held By Prudential Amounts To 5.15%
July 14 (Reuters) - Foschini Group Ltd TFGJ.J :* THE FOSCHINI - TOTAL INTEREST IN ORDINARY SHARES OF COMPANY HELD BY PRUDENTIAL AMOUNTS TO 5.15% OF TOTAL ISSUED ORDINARY SHARE CAPITAL OF...
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Deals of the day-Mergers and acquisitions
(Adds Sirius XM Holdings, Enel , Cattolica Assicurazioni; Updates Fisker, Analog Devices , Foschini Group)July 13 (Reuters) - The following bids, mergers, acquisitions and disposals were...
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UPDATE 2-South African retail group TFG to buy Jet assets from Edcon
* TFG will buy 371 stores* Deal also includes Jet Club and existing stock holding* Shares surge 9% (Updates with share price, analyst comments)By Nqobile DludlaJOHANNESBURG, July 13...
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South Africa's TFG to buy some JET assets from Edcon
July 13 (Reuters) - The Foschini Group TFGJ.J said on Monday it is set to buy some stores and selected assets of JET for R480 million ($28.69 million) from Edcon's administrators, allowing...
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