South African fashion retailer TFG buys UK’s White Stuff

JOHANNESBURG, Oct 25 (Reuters) – South African fashion and homewares retailer TFG has bought UK-based fashion and lifestyle retailer White Stuff, it said on Friday, in a deal that will help it reach “critical mass”.

The acquisition was made through the London subsidiary of TFG, which has a portfolio of 35 leading retail brands in 23 countries, including Australia.

The White Stuff brand joins a suite of UK-based fashion brands already owned by TFG, such as Hobbs, Whistles and Phase Eight. (Reporting by Nqobile Dludla, Editing by Louise Heavens)

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