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 Empowering African Aviation to Soar Higher Absa Corporate Investment Banking enables strategic fleet reintegration and regional expansion for AELF and SAA with a USD 31 million aircraft refinancing solution. Read more DEALS Energising Progress with Africa’s Largest Standalone Battery Facility We are proud to have played a pivotal role in one of Africa’s most significant energy milestones: the Red Sands Battery Energy Storage Project which is set to become the continent’s largest standalone battery energy storage facility to date to move towards construction. Read more DEALS Supporting expansion in SA’s healthcare property market Absa CIB partners with Growthpoint Healthcare Property Holdings on a R950 million facility to finance healthcare infrastructure. Read more
