Row rect Shape Decorative svg added to bottom DEALS Supporting Growth in Global Fashion Retailing Absa | Corporate and Investment Banking > Insights and Events > Supporting Growth in Global Fashion Retailing SHARE We are pleased to have acted as Joint Mandated Lead Arranger and original lender for TFG Brands (London) Limited’s £90m revolving credit facility. TFG Brands (London) Limited is a wholly owned subsidiary of The Foschini Group Limited (TFG), a prominent South African retail business. TFG Brands London entered the UK market in 2015 with the acquisition of Phase Eight followed by the acquisitions of Whistles and Hobbs. In March last year, the Group also launched its own homeware offering, known as Inside Story. The funding is set to support TFG’s position in the UK retail sector, providing flexibility for further investment to optimize its brand platform as well as facilitating the acquisition and onboarding of new brands. It will also enable TFG Brands London to further pursue domestic and international expansion to fuel its growth. As experts in financing the retail industry and the sole African financier involved in this transaction, Absa consistently demonstrates the significance of collaborating with our clients to drive financial success and opportunities for sustained business growth. We are excited to be supporting TFG London’s next phase of growth. Contact Bheka Maphumulo for more information https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Clean Power. Multiplied. Accelerating solar infrastructure with R2.1 billion for a resilient, diversified energy market. Absa Corporate and Investment Banking has jointly arranged and financed Anthem’s 475 MW Notsi Solar PV Project, a landmark solar development led by Anthem - a leading independent power producer in South Africa. The total cost for the Notsi Solar PV Project was circa R8.7 billion Read more DEALS Strengthening sustainable mining success Absa Corporate and Investment Banking has supported Tharisa Minerals (Pty) Ltd in advancing its next phase of growth through a multi-currency Platinum Group Metals (PGM) offtake-based Prepayment Facility. Read more DEALS At the forefront of scaling energy progress Absa Corporate and Investment Banking acted as Joint Mandated Lead Arranger, Senior Lender and Hedge Provider on the R3.4 billion financing of Mulilo Energy Holdings’ 219MW Orkney solar PV project. Read more
