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(opens in new tab) https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Absa provides US$150 million financing facility to support Angola’s development priorities Absa Corporate and Investment Banking (CIB) has provided a US$150 million financing facility to the Republic of Angola, reinforcing its commitment to delivering tailored financing solutions that support economic development and growth across Africa. Read more DEALS Absa and Agri3 partner to unlock sustainable agriculture financing across Africa Absa Corporate and Investment Banking (CIB) has entered into a US$100 million Master Risk Participation Agreement with Agri3, a global blended finance vehicle established to mobilise US$1 billion of public and private capital towards sustainable agriculture and forest conservation across developing markets. Read more DEALS Supporting cleaner fuels and long-term energy resilience Natref is investing in refinery upgrades that support cleaner-fuel readiness, operational continuity and South Africa’s inland fuel supply. Read more
