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Foschini Group
TFG Limited, also known as The Foschini Group, is a South African JSE listed retail clothing group, which trades under various brands and has more than 3,000 stores within its portfolio. It is headquartered in Parow East near Cape Town. In 2015, the company acquired the British apparel chain Phase Eight from TowerBrook Capital Partners, then valued at £300 million. In March 2016, TFG acquired the British chain Whistles with its 46 retail shops. In 2017, the company acquired Australian retail company Retail Apparel Group from Navis Capital Partners. In March 2020, TFG announced that, during the on-going COVID-19 pandemic, the company would cease to pay rents for its retail locations during the resultant lockdowns in South Africa. During the course of 2020, TFG acquired the chain of Jet stores from an ailing Edcon Edcon Limited was a retail company based in Johannesburg, South Africa. Its subsidiaries included Edgars, a department store with 203 branches. In 2020, t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Johannesburg Stock Exchange
JSE Limited (previously the JSE Securities Exchange and the Johannesburg Stock Exchange) is the largest stock exchange in Africa. It is located in Sandton, Johannesburg, South Africa, after it moved from downtown Johannesburg in 2000. In 2003 the JSE had an estimated 473 listed companies and a market capitalisation of US$182.6 billion (€158 billion), as well as an average monthly traded value of US$6.399 billion (€5.5 billion). As of March 2022, the market capitalisation of the JSE was at US$1.36 trillion. History The discovery of gold on the Witwatersrand in 1886 led to many mining and financial companies opening and a need soon arose for a stock exchange. The first share transactions on the Rand took place in a rustic canvas tent, with trade taking place on Sundays, as this was the only day when mining was not allowed, owing to a strictly enforced regulation prohibiting the entry of African workers to the gold reefs. The ''Johannesburg Exchange & Chambers Company'' was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
TymeBank
TymeBank is an exclusively digital retail bank based in South Africa. Digital banking Headquartered in Rosebank, Johannesburg, TymeBank does not have any physical bank branches and relies on an Android banking App, an Internet Banking site and a partnership with two retail chains, Pick n Pay and Boxer, to host a national network of self-service kiosks that facilitate the account opening process. The Prudential Authority of the South African Reserve Bank (SARB), granted permission for TymeBank to operate exclusively online on 28 September 2017. Banking in the cloud TymeBank is the first bank in South Africa to put its core-banking platform in the cloud. 85% of TymeBank's systems are AWS cloud applications that provide system scalability, uniform security and cost efficiencies. TymeBank's use of technology and the strategic relationship with Pick n Pay and Boxer stores eliminates the need for physical branches. The reduced operating costs and the national presence of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Edcon
Edcon Limited was a retail company based in Johannesburg, South Africa. Its subsidiaries included Edgars, a department store with 203 branches. In 2020, the Competition Tribunal approved the sale of the Edgars division to Retailability (pty) Ltd, and Jet to The Foschini Group. History Edcon Ltd was the leading clothing, footwear and textiles (CFT) retailing group in South Africa trading through a range of retail formats. The first Edgars store was opened on 6 September 1929 in Joubert Street, Johannesburg by Eli Ross. It was listed on the Johannesburg Stock Exchange in 1949 and opened its first stores outside of South Africa in Botswana, Lesotho and Swaziland (now Eswatini) in 1966-69. Since then, the Company had grown to ten retail brands trading in (as of 2014) over 1400 stores in South Africa, Botswana, Namibia, Eswatini, Lesotho, Ghana, Zimbabwe and Zambia. In 1982 the company, still known as Edgars, was acquired by South African Breweries. It launched its Red Square re ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Responses To The COVID-19 Pandemic
National responses to the COVID-19 pandemic have been varied, and have included containment measures such as lockdowns, quarantines, and curfews. As of , COVID-19 pandemic cases, cases of COVID-19 have been reported, resulting in COVID-19 pandemic deaths, reported deaths. The most affected countries in terms of confirmed cases are the COVID-19 pandemic in the United States, United States, COVID-19 pandemic in Brazil, Brazil, COVID-19 pandemic in India, India, COVID-19 pandemic in Russia, Russia, COVID-19 pandemic in South Africa, South Africa, COVID-19 pandemic in Peru, Peru, COVID-19 pandemic in Mexico, Mexico, COVID-19 pandemic in Chile, Chile, the COVID-19 pandemic in the United Kingdom, United Kingdom, and COVID-19 pandemic in Iran, Iran. Lockdowns The pandemic has caused worldwide curfews and similar restrictions (stay-at-home orders, shelter-in-place orders, Shutdown (economics), shutdowns/lockdown A lockdown is a restriction policy for people, community o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
COVID-19 Pandemic In South Africa
The COVID-19 pandemic in South Africa is part of the ongoing pandemic of coronavirus disease 2019 (COVID-19) caused by the severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). On 5 March 2020, Minister of Health Zweli Mkhize had confirmed the spread of the virus to South Africa, with the first known patient being a male citizen who tested positive upon his return from Italy. On 15 March 2020, the President of South Africa, Cyril Ramaphosa, declared a national state of disaster, and announced measures such as immediate travel restrictions and the closure of schools from 18 March. On 17 March, the ''National Coronavirus Command Council'' was established, "to lead the nation's plan to contain the spread and mitigate the negative impact of the coronavirus". On 23 March, a national lockdown was announced, starting on 27 March 2020. The first local death from the disease was reported on 27 March 2020. On 21 April, a 500 billion rand stimulus was announced in response ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
TowerBrook Capital Partners
TowerBrook Capital Partners, L.P. is an investment management firm headquartered in London and New York City. TowerBrook spun out of Soros Fund Management in 2005 and became known for acquiring majority stakes in companies such as Jimmy Choo. Managing $13.7 billion in a number of private equity funds and structured opportunities funds, TowerBrook listed 30 active investments on its website as of 2020. History 2005 and prior TowerBrook Capital Partners was formed as a spin-off of George Soros' equity management firm, by Jennifer Ternoey. TowerBrook's co-founders, Neal Moszkowski and Ramez Sousou, had previously served as co-heads of Soros Fund Management's private equity arm, Soros Private Equity (SPEP); SPEP launched its first fund around 2000. SPEP was also an early investor in companies such as Eircom, CSTV Networks, and Cablecom, which it sold to Liberty Global in 2005. In April 2005, Moszkowski and Sousou spun out SPEP from Soros Fund Management to establish TowerBrook Capi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cape Town
Cape Town ( af, Kaapstad; , xh, iKapa) is one of South Africa's three capital cities, serving as the seat of the Parliament of South Africa. It is the legislative capital of the country, the oldest city in the country, and the second largest (after Johannesburg). Colloquially named the ''Mother City'', it is the largest city of the Western Cape province, and is managed by the City of Cape Town metropolitan municipality. The other two capitals are Pretoria, the executive capital, located in Gauteng, where the Presidency is based, and Bloemfontein, the judicial capital in the Free State, where the Supreme Court of Appeal is located. Cape Town is ranked as a Beta world city by the Globalization and World Cities Research Network. The city is known for its harbour, for its natural setting in the Cape Floristic Region, and for landmarks such as Table Mountain and Cape Point. Cape Town is home to 66% of the Western Cape's population. In 2014, Cape Town was named the best place ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Retail Apparel Group
Retail Apparel Group is an Australian and New Zealand clothing retail company, wholly owned by the Foschini Group. Brands Tarocash Tarocash is a men's formal wear brand established in 1987. There are 103 Tarocash stores in Australia. There are 11 stores in New Zealand, including four in Auckland. Tarocash is the main retailer of affordable suits for millennial and Generation Z consumers in Australia, but is often ridiculed for its cheap polyester clothing. Connor Connor is a menswear chain selling formal, smart and casual clothing at affordable prices established in 2007. There are 172 Connor stores in Australia. There are five stores in New Zealand, including four in Auckland. yd. yd. is a menswear store specialising in the latest fashion trends. There are 120 yd. stores in Australia. There are eight stores in New Zealand, including four in Auckland. Johnny Bigg Johnny Bigg is retail chain selling big and tall menswear. There are 69 Johnny Bigg stores in Australia. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parow, Cape Town
Parow is a suburb of Cape Town in the Western Cape, South Africa and a Northern Suburb of the City of Cape Town Metropolitan Municipality founded by Johann Heinrich Ferdinand Parow who arrived in the locality in 1865. History During a great storm in Table Bay in 1865, 19 ships were stranded. Amongst the many schooners was the ''Kehrwieder'', the ship of Captain Johann Heinrich Ferdinand Parow. After being stranded, Captain Parow settled down in the Cape of Good Hope and married Johanna Wilhelmina Timmerman, the daughter of the family that helped Captain Parow after being stranded on the Cape coast. Parow quickly realised the potential value of the Tyger Valley area north of Cape Town and that the area held great opportunities for cattle trade. Captain Parow soon moved inland to this area and started selling ground in the area which is today known as Parow, which built up a great deal of wealth for the Captain. Parow died on 4 December 1910, in his house in Cassibelle, Maitlan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Whistles (company)
Whistles is a women's contemporary fashion brand with more than 40 stores and 60 concessions in the UK, USA, Europe, Hong Kong, and Australia. It was founded in 1976 by Lucille and Richard Lewin. In January 2008, Jane Shepherdson, former Topshop director, signed a deal to purchase a 20 per cent stake in Whistles and was appointed as chief executive. The brand was scheduled to unveil its relaunch days before Lehman Brothers collapsed. It survived the subsequent global economic recession of 2008-2009, during which one of its largest backers, Baugur, went bankrupt. In March 2016, Whistles and its then-46 shops were bought by the South African retailer, Foschini Group. Product In the past, the style of Whistles was described as having "a pretty but decidedly yummy mummy-ish air". Since Shepherdson's appointment as chief executive, the clothes were said to have cleaner silhouettes with a more sophisticated palette; "baby pinks and lilacs have made way for olives, camel, china b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Phase Eight
Phase Eight is a British women's wear clothing brand. The company has stores and concessions in the United Kingdom, Ireland, Switzerland, Germany, Sweden, Australia, UAE, and other countries. History Phase Eight was first established by Patsy Seddon in London in 1979 in a small boutique in Wandsworth Common. The name originated from a combination of P. Hayes, Patsy's maiden name, and the address of the first shop, 8 Bellevue Road. The retailer provides women's clothing designed in house, including Bridalwear and accessories. Phase Eight was purchased by the South African retailer Foschini Group TFG Limited, also known as The Foschini Group, is a South African JSE listed retail clothing group, which trades under various brands and has more than 3,000 stores within its portfolio. It is headquartered in Parow East near Cape Town. In 201 ... in 2015. Stores The retailer has 106 stores and 207 concessions in the UK, and 18 stores and 128 concessions internationally. Internati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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