The Foschini Group: Profile and history of a SA fashion icon

 The Foschini Group: Profile and history of a SA fashion icon

The Foschini Group: Profile and history of a SA fashion icon.

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Company History and Profile

Established in 1925, The Foschini Group (TFG) is a South African clothing group that was listed on the Johannesburg Stock Exchange in 1941, trading under a wide range of brands with over 3,000 stores that form part of its portfolio.

TFG is headquartered in Parow, near Cape Town and trades under the stock symbol TFG. TFG has a comprehensive portfolio that consists of 18 different brands spread across jewellery, clothing, footwear, mobile phones, technology products as well as different home stores.

TFG is a leader in both the fashion and lifestyle sectors in the retail industry across the African continent. According to the TFG integrated annual report, the company showed financial, economic, and environmental sustainability and growth.

TFG has invested R378,1 million in both Digital Transformation and e-Commerce in the past two years, and there are currently 4,284 outlets in 26 countries, spread across five continents. TFG’s African Social Media audience attention is ahead of its closest competition by 200%.

As of March 2021, TFG has more than 13.9 million followers across various social media platforms across all the brands in TFG’s portfolio, with more than 152 million site visits recorded in the past financial year.

TFG operates according to four strategic pillars that drive its business model, these are customer and employee obsession, leadership, profit, and growth. TFG is dedicated to its sustainability strategy, which is a critical thread that is reflected throughout the entire business.

TFG is focused on localisation and job creation, product stewardship and supply chain, environmental efficacy, and people as well as communities.

Share Performance YTD

During the past year, many businesses across South Africa, and the world, have felt the impact of Covid-19. Despite the challenges, TFG has shown increased share performance, with an increase of 29.71 ZAR, or 29.77% year-to-date, with further increases expected in the next quarter.

Liezel Thorne

Liezel is a content writer with a passion for writing about the financial industry and corresponding markets. Her favorite topics include Forex, Stocks and Indices, Cryptocurrencies, and anything relating to trading technology – news, newest and latest tips, tricks, and trends. She has done extensive reviews on brokers, trading platforms (web, desktop, and mobile), and various other concepts involved with trading. As a student of Environmental management, she has a keen interest in geography, environmentalism as well as conservation of both fauna and flora.

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