THE FOSCHINI GROUP LIMITED - Acquisition of Whistles Limited (UK)
TFG 201603240010A
Acquisition of Whistles Limited (UK)
THE FOSCHINI GROUP LTD
Reg. No.: 1937/009504/06
Code : TFG - TFGP
ISIN: ZAE000148466 – ZAE000148516
("TFG")
ACQUISITION OF WHISTLES (UK)
Shareholders of TFG are advised that TFG has acquired, through its United Kingdom (UK)
subsidiary, Phase-Eight, the entire issued share capital of Whistles, a British
contemporary fashion brand for men and women.
Whistles currently has 46 standalone stores in the UK and is stocked in selected
departmental stores across the world including Bloomingdales in the United States of
America and Harrods in the UK. It also sells its merchandise online.
The addition of Whistles to TFG's existing portfolio of brands will further position TFG as a
leading fashion retailer not only in South Africa, but internationally, and will enhance its
online presence.
This is a voluntary announcement as the acquisition, due to its size, is not a categorisable
transaction for the purposes of section 9 of the JSE Listings Requirements.
Cape Town
24 March 2016
SPONSOR
UBS South Africa (Pty) Ltd
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