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Foschini Group Ltd (TFGJ.J)

TFGJ.J on Johannesburg Stock Exchange

15,886.00ZAc
8 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Foschini says to acquire British womenswear brand Hobbs ‍through UK unit
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - Foschini Group Ltd :‍THROUGH UK SUBSIDIARY, TFG BRANDS (LONDON) LTD, ENTERED INTO AGREEMENT TO ACQUIRE ENTIRE ISSUED SHARE CAPITAL OF HOBBS, A CONTEMPORARY BRITISH WOMENSWEAR BRAND.  Full Article

Foschini Group says half-year ‍group turnover up 9.2 pct
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Foschini Group Ltd ::HY ‍GROUP TURNOVER UP 9.2 PCT (CONSTANT CURRENCY +12.6 PCT) TO R12.5 BILLION​.‍HY HEADLINE EARNINGS PER SHARE EXCLUDING ACQUISITION COSTS UP 1.6 PCT (CONSTANT CURRENCY +3.9 PCT) TO 504.9 CENTS​.FOSCHINI GROUP LTD - ‍INTERIM DIVIDEND OF 325.0 CENTS PER SHARE - A 1.6 PCT INCREASE​.‍FREE CASH FLOW FOR THE HALF-YEAR UP 58 PCT​.‍TOTAL RETAIL TURNOVER GROWTH FOR FIRST 5 WEEKS OF SECOND HALF IS AT SIMILAR LEVELS TO FIRST HALF​.FOSCHINI GROUP LTD - TO OPEN OVER 100 NEW OUTLETS IN SECOND HALF OF YEAR.  Full Article

Foschini says FY HEPS up 4.1 pct
Thursday, 25 May 2017 

May 25 (Reuters) - Foschini Group Ltd :FY group turnover up 11,6% (constant currency +14.3%)to R23.5 billion (TFG africa*: +8,0%).FY headline earnings per share excluding acquisition costs up 4.1% (constant currency +5.7%) to 1099.2 cents.Final dividend of 400 cents per share, total dividend of 720 cents per share - a 4.2% increase.Net bad debt reduces by 5.4%.Gross margin for year remained broadly consistent in all merchandise categories..Political and economic uncertainty continues to cloud outlook for domestic as well as global economy.  Full Article

Foschini acquires Australia-based Retail Apparel Group
Thursday, 25 May 2017 

May 25 (Reuters) - Foschini Group Ltd::Acquisition Of Australian speciality menswear apparel retailer, Retail Apparel Group .Acquisition consideration is capped at lower of 7 times RAG's audited normalised EBITDA for year ending June 2017 and A$302.5 million.Consideration will be settled in cash.Expected purchase price has been hedged.Expected to consolidate approximately 8 months of RAG's trading performance in its 31 March 2018 results.Inclusion of RAG's trading results is expected to have a positive impact on TFG's earnings for 2018 financial year.Acquisition is expected to be earnings accretive in first year of inclusion for TFG.  Full Article

Foschini says 5-months sales growth 17,2 pct
Tuesday, 6 Sep 2016 

Foschini Group Ltd : Group produced a good result for year with total retail sales growth of 31,2 pct- CEO . Excluding impact of phase eight, group achieved retail sales growth of 11,6% with comparable sales growth of 5,7 pct-CEO . Heps from continuing operations, excluding once-off acquisition costs increased by 17,6 pct to 1 055,8 cents per share from 897,9 cents per share . Outlook for south african economy remains challenging with muted growth prospects, expected higher inflation and interest rates, currency volatility and continued political uncertainty . We will continue to open new stores and anticipate increasing trading space by approximately 6 pct in sub-saharan africa in current year . Total sales growth for first five months of this financial year is 17,2 pct including our international division .Estimate loss to creditworthy turnover to be approximately r300 million for this period.  Full Article

Foschini Group says group turnover for the year up 31.2 pct
Thursday, 26 May 2016 

Foschini Group Ltd : Reviewed preliminary condensed consolidated results for the year ended 31 March 2016 . Fy group turnover up 31,2% to r21,1 billion (excluding phase eight: 11,6%) . Fy headline earnings per share from continuing operations (excluding once-off acquisition costs) up 17,6% to 1 055,8 cents . Final distribution of 385,0 cents per share - an 18,5% increase . Outlook for both global and domestic economy remains challenging and uncertain .Remain concerned about impact of introduction of affordability regulations on our ability to open new accounts.  Full Article

Foschini Group sees FY HEPS from cont ops 30-40 pct higher
Monday, 9 May 2016 

Foschini Group Ltd : Sees FY HEPS from continuing operations between 984 and 1 060 cents per share versus 757.1 cents per share year ago .Excluding once-off acquisition costs, sees HEPS from continuing operations for FY to be between 15 pct and 20 pct higher than prior year.  Full Article

South African retailer TFG buys Britain's Hobbs

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