TFG betting R2.35bn on your homes

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TFG is being approached by property developers to fit out and decorate entire apartment blocks and developments.

TFG, which made its name selling clothes under Foschini’s brand, hasn’t wasted any time in spending the R10.3bn war chest it has built up for potential acquisitions.

Last week TFG made its most ambitious move yet into the homeware market, when it paid R2.35bn to buy Tapestry Home Brands — which owns Coricraft, Volpes, Dial-a-Bed and the Bed Store...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Source: Real Estate Daily Report (realestatedailyreport.net)

 

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