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TFG Limited, also known as The Foschini Group, 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 .
Lewis has been chairman of Foschini Group since 2015. [1] [2]In October 2019, Lewis invested $8 million in direct-to-consumer luggage brand July. [3]He is an independent director at Histogenics Corporation, a partner at Oceana Investment Partners LLP, chairman at Oceana Investment Corp Ltd, and chairman at Strandbags Holdings Pty Ltd.
Edcon Limited was a retail company based in Johannesburg, South Africa. Its subsidiaries included Edgars, a department store with 203 [2] branches. [3] [4] In 2020, the Competition Tribunal approved the sale of the Edgars division to Retailability (pty) Ltd, [5] and Jet to The Foschini Group.
Retail Apparel Group had 477 stores at the time of the sale in 2017, [1] bringing Foschini's portfolio to above 3000 stores. [26] TFG sought to grow the company quickly, seeking double-digit growth in 2019. [27] The COVID-19 pandemic affected revenue in 2020, [28] and the company temporarily or permanently closed stores. [29]
Pick n Pay Group Ltd. is a South African retailer. It operates three brands – Pick n Pay, Boxer and TM Supermarkets. Pick n Pay also operates one of the largest online grocery platforms in sub-Saharan Africa. Raymond Ackerman purchased the first four Pick n Pay stores in Cape Town in 1967 from Jack Goldin. [4]
Russia has freed Marc Fogel, a U.S. schoolteacher and former employee of the U.S. Embassy in Moscow, who had been serving a 14-year sentence for drug smuggling after being caught in possession of ...
Rank Company Industry Revenue (US$ billions) Headquarters 1: Sonatrach: Oil and gas: 77.013 Algeria 2: Eskom: Electric utility: 13.941 South Africa 3: Sasol: Chemistry: 12.989 South Africa 4: MTN Group
Edgars was founded in Johannesburg, South Africa in 1929. [2] Its was named after London based Swan and Edgar. [2] Eli Ross opened his first Edgars store in Joubert Street. [2]