TFG, which has brands that include The Fix, Sportscene and Foschini, seems to have broken the Australian curse by excelling Down Under while other SA retailers, such as Woolworths and Pick n Pay, have had a terrible time in that country. Woolworths’ R21bn investment has lost half its value while Pick n Pay exited a decade ago.

TFG has released its trading update for the nine months ending December 2019 and boasts an 11% revenue increase in Australia, saying its Australian sales “continue to exceed expectations”.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now