JSE-listed apparel and homeware retailer The Foschini Group plans to add affordable branded footwear and clothing chain Street Fever to its portfolio, in a deal that will see it taking over 114 Street Fever stores. TFG revealed its latest acquisition in a media statement on Wednesday. However, it did not cite the rand value of the deal and did not issue a Sens announcement, which indicates the deal is not a major category announcement as per JSE rules.
Footgear buys Edgars Active as Edcon downscaling continues [June 2019] Sneaker Factory’s head of business Nizamudien Parker noted: “Loyal Street Fever customers can rest assured that they will find familiar faces in the rebranded Sneaker Factory stores as the staff will be retained, while TFG will bring even more competitive pricing, exciting new brands, accessories and apparel, while having access to TFG credit and our industry leading Rewards programme.