Truworths has written down its investment in UK shoe chain Office by almost R5bn as its offshore struggles mount.

On Wednesday the clothing retailer said it had impaired R2.8bn of its investment in Office, adding to the R1.9bn impairment announced in 2019...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.