Truworths news and archive

Truworths posts 7.3 percent drop in annual profit, appoints David Pfaff to COO

In a tough economic environment in South Africa and in the UK, Truworths Group said that its retail sales for the 52-week period ended July 1, 2018 remained unchanged at 18 billion rand (1.2 billion dollars). Relative to the 53-week prior reporting period ended July 2, 2017, Group retail sales decreased by 2.7 percent. The company added that...

Fashion Featured

Phase Eight owner considers making a bid for Whistles

London - Foschini Group, the South African retail group which acquired international women’s wear label Phase Eight last year, is said to have it sights set on taking over another high street staple: Whistles. The British fashion retailer has taken on advisers at KPMG to help prepare for a potential sale and has already received interest from a...

Report

Office confirms new director

Office has named Michael Mark, currently chief executive of South African fashion retailer Truworths, which acquired the footwear retailer from Silverfleet Capital in November 2015. Truworths is one of Africa’s leading fashion retailers, with more than 650 stores in South Africa and 40 in the rest of the continent, and in November, it bought...

Report

Office names Truworths CFO as Director

British footwear retailer Office has named the current chief financial officer of its new owner, South African retailer Truworths International as a director. According to records in Companies House, Truworths' David Pfaff was appointed as director at Office on December 4, 2015. The new appointment comes not long after Office former owners,...