Top South African Retailer Goes From Hero To Zero In 75 Days

3 Hour(s) Ago    👁 73
 

TFG The Foschini Group promised the market an exceptional performance during its 2025 Capital Markets Day. 75 days later, it produced results far below expectations.

During TFG's Capital Markets Day on 6 and 7 August 2025, chief executive Anthony Thunstrm and his management team painted a rosy picture.

Thunstrm told investors that TFG has done much of the heavy lifting and that their strategy was working.

He told investors that TFG will be outperforming the market through consistent share gains and category leadership.

TFG CFO Ralph Buddle told investors they were driving sustainable growth through organic expansion, strategic acquisitions, and diversification.

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