The South Africa Foschini Group Paid 4.4m Pounds for U.K. Chain Whistles
South African retailer considers deal earlier this year “an opportunistic buy,” CFO Anthony Thunstrom says in phone interview.
* TFG isn’t actively seeking further international
acquisitions; focused on integrating Whistles
* TFG likes having U.K. presence as no language, time-
* Phase Eight could have as many as 900 outlets in 5 or 6
* TFG continuing to open outlets in South Africa, other
* NOTE: TFG bought Whistles earlier this year, U.K. chain Phase Eight in 2015