Foschini Says TFG London To Incur Bad Debt Write-Off From House Of Fraser Administration

Sept 3 (Reuters) - Foschini Group Ltd:

* GROUP TURNOVER FOR FIRST 20 WEEKS OF THIS FINANCIAL YEAR INCREASED BY 32.0%

* TFG LONDON WILL INCUR SOME DEGREE OF BAD DEBT WRITE-OFF AS A RESULT OF HOUSE OF FRASER ENTERING ADMINISTRATION

* TURNOVER FOR TFG LONDON GREW BY 52% (GBP) FOR FIRST 20 WEEKS OF THIS FINANCIAL YEAR

* OUTLOOK FOR TRADING CONDITIONS FOR TFG AFRICA AND TFG LONDON REMAINS SUBDUED

* CONTINUE TO BE OPTIMISTIC REGARDING OUTLOOK FOR TFG AUSTRALIA Source text for Eikon: Further company coverage:

2018-09-03 12:20:22

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