November 7, 2017 / 9:18 AM / in 13 days

South African retailer TFG buys Britain's Hobbs

JOHANNESBURG (Reuters) - South African retailer The Foschini Group (TFG) (TFGJ.J) will buy British womenswear brand Hobbs for an undisclosed sum, the company said on Tuesday.

Hobbs has 140 outlets, which include standalone stores and concessions in other stores in the United Kingdom, and is also available in some department stores in the United States and Germany, TFG said.

Reporting by TJ Strydom; editing by Jason Neely

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