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 Facilitating Sustainable Growth We are pleased to have acted as Sole Lead Arranger and Sole Sustainability Coordinator for Sappi Limited’s R1.5 Billion sustainability-linked issuance facility. Read more DEALS Enabling strategic growth ambitions within African healthcare Delivering a positive impact on communities across Southern Africa, together, one story at a time. Read more DEALS Powering the electricity distribution story with Just Energy Transition In a landmark move for renewable energy in South Africa, Absa through its Corporate and Investment Banking division supported Enel Green Power South Africa – local subsidiary of the Italian multinational renewable energy corporation Enel Green Power SpA – in achieving Financial Close for its three 110MW wind projects located in the Eastern Cape. Read more
