Relief as deal-hungry TFG pauses to digest
Though analysts are concerned about the retail group’s rapid expansion in a dicey market, Anthony Thunstrom’s TFG seems to be sitting pretty for the moment
15 June 2023 - 05:00
TFG has been the hungriest retailer around in recent times. And thanks to some well-timed deals, it’s a strategy that may just be reaping rewards for CEO Anthony Thunstrom.
In the past three years, TFG has spent R2.7bn on three big deals: snapping up Jet from the carcass of Edgars, buying the Tapestry Group (which includes Coricraft, Volpes Linen and Dial-a-Bed) and, a few weeks ago, buying footwear firm Street Fever...
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