The country’s biggest clothing manufacturer and retailer TFG plans to spend R2 billion to build 10 new manufacturing business units. TFG which owns Foschini and @home will also open 350 stores in the coming year.
The group has staged a strong ‘post-Covid’ recovery, with full-year revenue hitting a record R46 billion.
Mr Price also showed a surge in revenue earlier this week as cash-strapped consumers searched for bargains.
Some good news for jobs. The country’s biggest clothing manufacturer and retailer TFG plans to spend R2-billion to build 10 new manufacturing business units. TFG which owns Foschini and @home will also open 350 stores in the coming year. pic.twitter.com/U1fSmsFxX7
— eNCA (@eNCA) June 10, 2022
Source: eNCA
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