×
3 264
Fashion Jobs
TK MAXX
tk Maxx - Loss Prevention Officer - Full Time - Kew Gardens
Permanent · Richmond
VF INTERNATIONAL
Warehouse Team Manager
Permanent · COALVILLE
VF INTERNATIONAL
Warehouse Team Leader
Permanent · COALVILLE
URBN
Free People Assistant Visual Manager - London
Permanent · LONDON
TK MAXX
Tkmaxx Full-Time Loss Prevention Officer-Waltham Abbey
Permanent · London
TK MAXX
tk Maxx - Loss Prevention Officer - Full Time - Loughton
Permanent · London
TK MAXX
Tkmaxx Full-Time Loss Prevention Officer - Hackney
Permanent · London
DR. MARTENS
Financial Analyst, Apac
Permanent · TSIM SHA TSUI
SELFRIDGES
Finance Manager – Domains
Permanent · LONDON
HARVEY NICHOLS
Brand Consultant - Chloe
Permanent · LONDON
SPORTS DIRECT
Loss Prevention Supervisor
Permanent · LONDON
SPORTS DIRECT
Loss Prevention Supervisor
Permanent · ORPINGTON
HUGO BOSS UK LTD.
Sales Executive Boss Menswear
Permanent ·
TK MAXX
Loss Prevention Officer - Permanent - tk Maxx - Milton Keynes
Permanent · Milton Keynes
HOLLISTER CO. STORES
Hollister CO. - Graduate Manager in Training, Stratford (Westfield)
Permanent · London
UNDER ARMOUR
Stock Lead, ft (40 Hours)
Permanent · LONDON
SELFRIDGES
Finance Analyst- Domain
Permanent · LONDON
SELFRIDGES
Tech Business Analyst - Customer & Omni
Permanent · LONDON
HARVEY NICHOLS
Brand Consultant - Paul Smith
Permanent · LONDON
BURBERRY
Senior IT Operations Manager
Permanent · LONDON
BURBERRY
IT Project Manager
Permanent · LONDON
REISS
Retail Operations Coordinator-Part Time
Permanent · LONDON
Ads
By
Reuters API
Published
Nov 30, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Phase Eight owner TFG open to participate in UK retail consolidation

By
Reuters API
Published
Nov 30, 2022

South African fashion and homeware retailer TFG is open to buying retail companies coming up for sale in Britain, its chief executive said on Wednesday, at a time when clothing retailer Joules Group has gone into administration.



CEO Anthony Thunström declined to comment on reports that the owner of British brands such as Phase Eight and Hobbs is sealing a rescue deal with Joules, but evinced interest in being part of the retail consolidation taking place in the UK.

"Unfortunately we are unable to comment on any potential speculation on M&A," Thunström told journalists on Joules.

"Having said that, our view is that there are a number of UK-based brands that I think if you look in the next couple of months, particularly after the end of December, will be available for sale or will be in financial difficulty."

Joules became the latest retail collapse in Britain after its finances, profitability and cash generation came under pressure amid a cost-of-living crisis that has pinched consumer spending.
Earlier this month, online furniture seller Made.com collapsed into administration. Retailer Next Plc ended up buying the Made.com brand.

Thunström said if the cost-of-living crisis carries on, "you're going to find that there will be a lot of attractive brands available. The reality is they (TFG London business) do see opportunity in the UK and they do want to grow."

TFG, which owns Foschini and Markham clothing brands in South Africa, would look at brands that play in all income levels, Thunström said.

Giving an insight into Black Friday weekend trading, he said, "it was good," and saw strong demand across its brands as consumers are increasingly saving up, even for expensive items.

FirstRand's First National Bank said on Monday its customers made purchases worth over 3 billion rand ($177.15 million), the highest Black Friday spending reported by the bank in the past four years.

 

© Thomson Reuters 2023 All rights reserved.