South African clothing and homeware retailer The Foschini Group (TFG) is launching one of its African retail brands in Australia. TFG plans to open 6 stores in Australia, the first 5 stores before Christmas, and the final one before the end of March.
Extremely cautious on expanding in Africa due to a mix of lacklustre economic growth, the high cost of rental agreements and infrastructure bottlenecks, Anthony Thunström, new C.E.O. aims to show whether TFG’s local brands can thrive in
South-African fashion retailer, TFG eyes Australian market
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