TFG hit by lockdowns in UK, but saved by Jet
Retailer upbeat on recovery but expects annual headline earnings per share to plunge
15 May 2021 - 07:20
TFG — owner of Markham, Foschini and American Swiss — will see headline earnings per share drop as much as 85% as revenue in the UK plummeted after the group closed down a quarter of its clothing shops in that market.
The group, which owns clothing brands in SA, Australia and the UK, faced lockdowns and forced store closures across the three territories in 2020, hitting its annual earnings to end-March. ..
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.