299
Fashion Jobs
L'OREAL GROUP
Assistant CRM Manager
Permanent · HONG KONG
L'OREAL GROUP
Key Account Manager
Permanent · HONG KONG
H&M
Total Rewards Manager, Supply Chain
Permanent · TSIM SHA TSUI
H&M
Accounts Specialist
Permanent · TSIM SHA TSUI
ESTÉE LAUDER COMPANIES
Assistant Demand Planning Manager
Permanent · HONG KONG
ESTÉE LAUDER - BRAND
Retail Marketing Manager, Estée Lauder
Permanent · HONG KONG
CLINIQUE
Assistant Education Manager, Clinique
Permanent · HONG KONG
CLINIQUE
Senior Marketing Manager, Clinique
Permanent · HONG KONG
TOMMY HILFIGER
Senior Manager, Creative Services, Tommy Hilfiger Asia Pacific
Permanent · HONG KONG
AESOP
Retail Consultant
Permanent · SHA TIN
NEWELL
Senior Manager, Indirect Sourcing
Permanent · HONG KONG
L'OREAL GROUP
Group Product Manager
Permanent · HONG KONG
ADIDAS
Senior Manager, Materials Availability Management
Permanent · HONG KONG
L'OREAL GROUP
Assistant Purchasing Manager (Marketing, Digital IT)
Permanent · HONG KONG
PUMA
Manager Innovation Technical Apparel
Permanent · HONG KONG
DR. MARTENS
Head of Financial Accounting, Apac
Permanent · TSIM SHA TSUI
TJX COMPANIES
Director of Sourcing, Apparel -Hong Kong
Permanent · HONG KONG
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Hysan Place
Permanent · CAUSEWAY BAY
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Yoho Mall
Permanent · HONG KONG
A & F
Abercrombie & Fitch - Brand Representative (Part-Time / Full-Time), Harbour City
Permanent · TSIM SHA TSUI
KERING EYEWEAR
Kering Eyewear Assistant Trade Marketing Manager Travel Retail
Permanent · HONG KONG
JAEGER
Training Manager
Permanent · HONG KONG
By
Reuters API
Published
Sep 3, 2018
Download
Download the article
Print
Text size

Retailer TFG's London business may face hit from House of Fraser collapse

By
Reuters API
Published
Sep 3, 2018

South African clothing and homeware retailer The Foschini Group (TFG) said on Monday its London business would be likely to incur some bad debt write-offs as a result of the collapse of House of Fraser.



UK department store group House of Fraser group collapsed into administration and last month was immediately bought from administrators by Mike Ashley's Sports Direct .
"Whilst this consolidation creates further opportunities for TFG London's brands, the House of Fraser situation has negatively impacted TFG London's trade through the House of Fraser website and their concessions," TFG said in a statement.

"In addition, whilst not material to the group, it appears likely that TFG London will incur some degree of bad debt write-off as a result of House of Fraser entering administration."

TFG's clothing brands in Britain include Phase Eight, Whistles and Hobbs. TFG London contributed 18.7 percent to group turnover in the year to March 2018. TFG London, which operates across continental Europe, is the group's second biggest after TFG Africa, which includes South Africa.

In Britain, a string of retailers have gone out of business or announced plans to close shops this year, as they struggle with subdued consumer spending, rising labour costs and higher business property taxes as well as growing online competition.

But TFG has continued to deliver a stronger performance against the broader UK retail market, thanks to its multi-brand strategy.

Group turnover grew by 32 percent for the first 20 weeks of the 2019 financial year, it said.

 

© Thomson Reuters 2024 All rights reserved.