THE FOSCHINI GROUP LIMITED - Acquisition of Hobbs (UK)

Release Date: 07/11/2017 10:45
Code(s): TFG TFGP
 
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Acquisition of Hobbs (UK)

THE FOSCHINI GROUP LTD
Reg. No.: 1937/009504/06
Code : TFG - TFGP
ISIN: ZAE000148466 – ZAE000148516
("TFG")

ACQUISITION OF HOBBS (UK)

Shareholders of TFG are advised that TFG, through its United Kingdom (UK)
subsidiary, TFG Brands (London) Limited, has entered into an agreement to
acquire the entire issued share capital of Hobbs, a contemporary British
womenswear brand.

The agreement is subject to the fulfilment of certain conditions precedent
normal for a transaction of this nature.

Hobbs currently has 140 outlets comprising standalone stores and
concessions in the UK and is stocked in selected departmental stores across
the world including Bloomingdales in the United States of America and Wohrl
and SinLeffers in Germany. It also sells its merchandise online in 49
countries.

The addition of Hobbs to TFG's existing portfolio of brands will further
position TFG as a leading fashion retailer not only in South Africa, but
internationally, and will enhance its online presence.

This is not a categorised transaction for the purposes of section 9 of the
JSE Listings Requirements.

Cape Town
7 November 2017

Sponsor:
UBS South Africa Proprietary Limited

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