TFG Limited

TFG Limited
FormerlyFoschini Limited
TypePublic
JSE: TFG
ISINZAE000148466
IndustryRetail
Founded1924; 102 years ago (1924)
FounderGeorge Ivan Rosenthal
HeadquartersCape Town, South Africa
Number of locations
4,914 (2026)
Area served
Africa
United Kingdom
Oceania
Key peopleMichael Lewis (Chairman)
Anthony Thunström (CEO)
ProductsClothing; footwear; jewellery; cosmetics; sporting goods; homeware; furniture; cellular products
BrandsFoschini
Markham
Sportscene
Totalsports
Jet
@home
Bash
Phase Eight
Hobbs
RevenueIncrease R67.07 billion (2026)
Decrease R3.916 billion (2026)
Decrease R1.316 billion (2026)
Total assetsIncrease R60.205 billion (2026)
Total equityDecrease R24.907 billion (2026)
Number of employees
50,861 (2026)
DivisionsTFG Africa
TFG London
TFG Australia
SubsidiariesTFG Retailers
Foschini Retail Group
Websitetfglimited.co.za

TFG Limited (commonly known as TFG, and formerly The Foschini Group) is a South African retail clothing group, which trades under various brands, and has more than 3,000 stores within its portfolio. It is headquartered in Cape Town.

In 2015, the company acquired the British apparel chain Phase Eight from TowerBrook Capital Partners, then valued at £300 million.

In March 2016, TFG acquired the British chain Whistles with its 46 retail shops. In 2017, the company acquired Australian retail company Retail Apparel Group from Navis Capital Partners.

In March 2020, TFG announced that, during the on-going COVID-19 pandemic, the company would cease to pay rents for its retail locations during the resultant lockdowns in South Africa.

During the course of 2020, TFG acquired the chain of Jet stores from an ailing Edcon, further expanding their footprint as a retail conglomerate.

On 5 October 2021, it was reported that TymeBank would open approximately 600 banking service kiosks in TFG retail outlets in 2022.

Through a series of investments, TFG has increased its manufacturing capacity in South Africa. By November 2021, it was producing almost three quarters of its apparel locally.

Operations

As of 2026, TFG divisions and brands included:

TypeBrandEstablished *AcquiredRef
Clothing Foschini 1925; 101 years ago
Exact 1999; 27 years ago (rebranded)
Fabiani 1978; 48 years ago 2011; 15 years ago
Markham 1873; 153 years ago 1968; 58 years ago
G-Star RAW 1989; 37 years ago 2011; 15 years ago (franchise rights)
Relay Jeans 2019; 7 years ago (stand-alone brand)
Jet 1965; 61 years ago 2020; 6 years ago
Phase Eight 1979; 47 years ago 2015; 11 years ago
Hobbs 1981; 45 years ago 2017; 9 years ago
yd. 1996; 30 years ago
Homeware and furniture @home 2001; 25 years ago
Coricraft 1995; 31 years ago 2022; 4 years ago
Dial-a-Bed 1996; 30 years ago 2022; 4 years ago
Jet Home 2022; 4 years ago
Volpes 1929; 97 years ago 2022; 4 years ago
Jewelry and watches American Swiss 1896; 130 years ago 1967; 59 years ago
Galaxy & Co 2020; 6 years ago (online launch)
Sterns 1986; 40 years ago 1993; 33 years ago
Footwear, sportswear, and sporting goods JD Sports 2024; 2 years ago (South African launch) 2024; 2 years ago (franchise agreement)
Sneaker Factory 2020; 6 years ago
Sportscene 1996; 30 years ago 1996; 30 years ago
Totalsports 1982; 44 years ago 2000; 26 years ago
Technology and mobile hi 2012; 14 years ago
E-commerce Bash 2023; 3 years ago (official launch)

* Established as a brand, not necessarily within TFG

See also

References

  1. ↑ "Corporate History". TFG Limited. Retrieved 25 October 2026.
  2. 1 2 "Company Information". TFG Limited. Retrieved 25 October 2026.
  3. 1 2 "Integrated Annual Report 2025" (PDF). TFG Limited. 2025. Retrieved 25 October 2026.
  4. 1 2 3 4 5 6 7 "Condensed consolidated financial statements for the year ended 31 March 2026" (PDF). JSE Limited. 5 June 2026. Retrieved 25 October 2026.
  5. 1 2 3 "Annual Report 2026". The Foschini Group Limited. 30 June 2026. Retrieved 25 October 2026.
  6. ↑ "Our Brands". TFG Limited. Retrieved 25 October 2026.
  7. ↑ "Inspired Living Report 2026". TFG Limited. 2026. Retrieved 25 October 2026.
  8. 1 2 Naidoo, Lauren (30 March 2020). "TFG insists it won't pay April rent due to lockdown". moneyweb.com. Retrieved 6 June 2020.
  9. ↑ Roberts, Lauretta (7 March 2016). "Jigsaw and Whistles "in sale talks"". The Industry. Archived from the original on 10 April 2016. Retrieved 8 March 2016.
  10. 1 2 Farrell, Sean; Butler, Sarah (24 March 2016). "Whistles bought by South Africa's Foschini Group | Business | The Guardian". The Guardian. theguardian.com. Retrieved 24 March 2016.
  11. ↑ Armstrong, Ashley (15 January 2015). "Phase Eight sold to South African retailer Phase Eight sold for £238m". The Telegraph. Retrieved 4 June 2020.
  12. ↑ "The Foschini Group snaps up IPO hopeful RAG for $302m". Australian Financial Review. 25 May 2017. Retrieved 10 February 2020.
  13. ↑ Mahlangu, Kagiso (7 May 2020). "Big standoff between retailers and landlords looms". bizcommunity.com. Retrieved 6 June 2020.
  14. ↑ Theunissen, Garth (5 October 2021). "TymeBank to roll out 600 kiosks at TFG stores". BusinessLIVE. Retrieved 4 November 2021.
  15. ↑ Theunissen, Garth (5 October 2021). "TymeBank to roll out 600 kiosks at TFG stores" (PDF). BusinessLIVE. Retrieved 4 November 2021.
  16. ↑ Shevel, Adele (18 November 2021). "TFG's mission to buy local, and make local". BusinessLIVE. Retrieved 22 November 2021.
  17. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 "Corporate history". TFG Limited. Retrieved 25 October 2026.
  18. ↑ "Fabiani". LinkedIn. Retrieved 25 October 2026.
  19. ↑ "About G-Star RAW". G-Star RAW. Retrieved 25 October 2026.
  20. ↑ "Our Story". Phase Eight. Retrieved 25 October 2026.
  21. ↑ "TowerBrook announces sale of Phase Eight to The Foschini Group". TowerBrook Capital Partners. 16 January 2015. Retrieved 25 October 2026.
  22. ↑ "Our Story". Hobbs. Retrieved 25 October 2026.
  23. ↑ "About Us – Our Story". TFG London. Retrieved 25 October 2026.
  24. ↑ "Your Ultimate Style Wingman Since '96". yd. Retrieved 25 October 2026.
  25. ↑ "Our Story". @home. Retrieved 25 October 2026.
  26. ↑ "About Us". Coricraft. Retrieved 25 October 2026.
  27. 1 2 3 "Acquisition of Tapestry Home Brands Proprietary Limited by TFG". JSE SENS. 7 March 2022. Retrieved 25 October 2026.
  28. ↑ "Dial-a-Bed". SA Decor & Design. 10 January 2025. Retrieved 25 October 2026.
  29. ↑ "Integrated Annual Report 2023" (PDF). TFG Limited. Retrieved 25 October 2026.
  30. ↑ "At cutting edge for 50 years". The Herald. 24 February 2014. Retrieved 25 October 2026.
  31. ↑ "Who we are". American Swiss. Retrieved 25 October 2026.
  32. ↑ "Jewelry & Accessories". TFG Limited. Retrieved 25 October 2026.
  33. ↑ "JD Sports and TFG join forces to launch the JD brand in South Africa". JD Sports Fashion. 13 March 2024. Retrieved 25 October 2026.
  34. ↑ "Totalsports". Totalsports. Retrieved 25 October 2026.
  35. ↑ Bianke Neethling (20 February 2023). "Bash's plan to revolutionise South African eCommerce". Daily Investor. Retrieved 25 October 2026.