TFG hit by lockdowns in UK, but saved by Jet
Retailer upbeat on recovery but expects annual headline earnings per share to plunge
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. ..