Jet acquisition boosts TFG sales in December quarter
Share price surges as new asset helps protects retailing group overcome the negative effects of coronavirus
19 January 2021 - 20:47
TFG’s share price jumped 11%, its biggest gain since June, after the clothing retailer announced growth in sales during the December quarter thanks to its acquisition of Jet.
TFG, owner of Markham, The Fix and Foschini, released its nine-month and third-quarter trading updates on Tuesday, giving an indication of sales during Black Friday and Christmas period...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
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.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.