Retailer plans to spend R2.1bn to build 10 new manufacturing business units and will open more than 350 stores in its 2023 financial year
SA’s biggest clothing manufacturer and retailer TFG, plans to spend R2.1bn to build 10 new manufacturing business units and open 350 stores in its 2023 financial year as part of its differentiated business model and to mitigate disruptions to global supply chains.
The owner of Foschini, Markhams and @home will see the new manufacturing units almost double the job opportunities in its factories from 5,200 to 11,200 by 2026, the group said in its results for the year to end-March...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
TFG plans to expand on the back of bumper resultsRetailer plans to spend R2.1bn to build 10 new manufacturing business units and will open more than 350 stores in its 2023 financial year
Read more »
Record revenue for TFG amid strong ‘post Covid’ recoveryTFG – the JSE-listed vertically integrated clothing, homeware and furniture retailer – has staged a strong ‘post Covid’ recovery, with full-year revenue hitting a record R46.2 billion for its year ended 31 March 2022. Moneyweb TFG
Read more »
Online demand lifts TFG in year-end resultsThe Foschini Group’s year-end financial performance shows online sales contributed immensely to retail turnover. TFG DigitalEconomy OnlineShopping
Read more »
TFG plans to expand on the back of bumper resultsRetailer plans to spend R2.1bn to build 10 new manufacturing business units and will open more than 350 stores in its 2023 financial year
Read more »
Online demand lifts TFG in year-end resultsThe Foschini Group’s year-end financial performance shows online sales contributed immensely to retail turnover. TFG DigitalEconomy OnlineShopping
Read more »
Apple working on 15-inch MacBook Air and new 12-inch laptopApple plans to expand the line-up of laptops using its new, speedier in-house chips next year, aiming to grab a bigger share of the market, sources said.
Read more »