GUGU LOURIE: TFG plans to rule the world of tech-led retailers
The group has invested R1bn on digitalisation since 2018, with plans for a further R500m in the next three to five years
16 March 2022 - 15:45
JSE-listed retailer TFG, formerly known as The Foschini Group, is on a shopping spree that could see it become a leading tech-led retail firm in Africa.
Earlier this month the 98-year-old retailer announced the R2bn purchase of Tapestry Home Brands, the owner of Coricraft, Volpes, and Dial-a-Bed chains. In 2020, the clothing, homeware, and jewellery retailer also bought Jet stores from rival Edcon...
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