Phase Eight news and archive

TFG London acquires womenswear brand Damsel in a Dress

London - TFG London, the parent company international fashion brands Phase Eight, Whistles and Studio8, has announced the acquisition of the premium womenswear brand ‘Damsel in a Dress’ on Monday morning. The latest acquisition comes as TFG London, continues to strengthen its fashion portfolio. “This acquisition represents the third by TFG...

Management

Phase Eight reports strong growth in annual sale and profit

Phase Eight, for the 14 month period ended April 2, 2016, reported sales growth in the UK and worldwide, with turnover reaching 197.6 million pounds (257.6 million dollars, against 159.8 million pounds (208.3 million dollars) in the prior year. The company said, solid EBITDA growth, supported by consistent margin delivery reached 31 million...

Management |UPDATE

South African retail group Foschini acquires Whistles

South African retail group, Foschini, has announced its acquisition of British fashion retailer Whistles, for an undisclosed sum, as the retail conglomerate continues its international expansion scheme. Foschini Group takes over Whistles for undisclosed sum Foschini Group revealed that it had acquired all the shares in Whistles, taking over the...

Fashion Featured

Phase Eight owner considers making a bid for Whistles

London - Foschini Group, the South African retail group which acquired international women’s wear label Phase Eight last year, is said to have it sights set on taking over another high street staple: Whistles. The British fashion retailer has taken on advisers at KPMG to help prepare for a potential sale and has already received interest from a...

BusinessFeatured

Phase Eight set for African expansion after being acquired by The Foschini Group

Private equity firm TowerBrook has announced the sale of international women's wear label Phase Eight to The Foschini Group, a retail group based in South Africa, in a transaction which values the brand at 238 million pounds. The announcement comes months after TowerBrook began hinting at the potential sale to cash out on Phase Eight profit rise...