TFG in cash deal to buy owner of Coricraft and Volpes
TFG will not need to raise any debt for the purchase of Tapestry, which has 175 stores in SA, Namibia and Botswana
07 March 2022 - 09:51
TFG is buying Tapestry Home Brands — owner of furniture stores Coricraft, Volpes, Dial-a-Bed and The Bed Store — for R2.3bn, allowing it to expand its substantial local manufacturing capabilities and produce furniture and mattresses.
TFG, which owns more than 30 brands including Markham, Sterns and @home, will not need to raise debt for the purchase of Tapestry, which has 175 stores in SA, Namibia and Botswana. It also has manufacturing facilities in Cape Town, Johannesburg and Gqeberha...
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