TFG, owner of Foschini, Jet and American Swiss, has warned it will swing into a diluted headline loss per share of between 78.6c and 131c for its half-year to September, compared to diluted headline earnings per share of 526.9c previously, saying new lockdowns in the UK and Australia will continue to dent profits.

The clothing group is considered one of SA’s most successful clothing retailers locally and abroad. Unlike many SA companies, including Woolworths and Truworths, that have lost billions in their forays abroad, TFG has profitable UK and Australian businesses. ..

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 articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

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