Phase Eight News

South Africa's Truworths in talks about $462M bid for British footwear retailer Office

South Africa's Truworths in talks about $462M bid for British footwear retailer Office

South African fashion retailer Truworths International said on Monday it was in talks with privately owned shoe chain Office about acquiring the British company.

Foschini store in Tyger Valley Shopping Centre, Cape Town, South Africa

South Africa's Foschini to pay $456M to acquire UK retailer Phase Eight from private equity firm TowerBrook

The Foschini Group Ltd. (TFG) agreed to buy U.K. clothing chain Phase Eight from TowerBrook Capital Partners LP, hastening the South African retailer’s international expansion.