Kenya: South African-Based Fashion Brand Foschini Group Exits Kenya

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Foschini Group Kenya, a South African-based fashion brand, has announced its exit from the Kenyan market after appointing new liquidators to take over its establishments.

The firm appointed both Messrs George Weru and Muniu Thoithi as the joint liquidators of the company, stating that the closure of its operations in Kenya was agreed upon during its members' general meeting held on April 5, 2024.

The company also directed all claims against the company to be submitted to the Joint Liquidators before May 15, 2024, for the liquidation process. The South African-based fashion brand dealing with clothing, jewelry accessories, sporting and outdoor equipment, as well as homeware, has been operating various shops in the country, including Foschini women's wear, Markham, and a second Sterns store at the Nairobi Village Market.

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