Foschini buys British womenswear brand Hobbs

It’s a fantastic brand; iconic in the UK.

Anthony Thünstrom, The Foschini Group

The UK is a tough market, but you have to say the same about South Africa.

Anthony Thünstrom, The Foschini Group

The Foschini Group (TFG) on Tuesday announced it is buying contemporary British womenswear brand Hobbs.

The first Hobbs outlet opened in London in 1981.

The brand achieved £120 million in sales in 2016.

It is also found in the USA and Germany.

Hobbs sells online to customers in 49 countries.

The Money Show’s Bruce Whitfield interviewed TFG CEO Anthony Thünstrom.

Listen to the interview in the audio below (and/or scroll down for more quotes from it).

We try to avoid the temptation of converting into rand and merely benefiting from the exchange rate.

Anthony Thünstrom, The Foschini Group

We’ve gone for a more affluent customer.

Anthony Thünstrom, The Foschini Group

A local management team is absolutely essential… We’ve retained top-management…

Anthony Thünstrom, The Foschini Group

There’s a very high import duty – 40% to 45% - on clothing into South Africa.

Anthony Thünstrom, The Foschini Group

We have an opportunity to take some of our brands offshore.

Anthony Thünstrom, The Foschini Group

Click here (then “like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter


This article first appeared on 702 : Foschini buys British womenswear brand Hobbs


CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Jubilant Zimbabweans ‘crying and hugging’ as Robert Mugabe resigns

Jubilant Zimbabweans ‘crying and hugging’ as Robert Mugabe resigns

There’s an outpouring of emotion on the streets of Harare. Bruce Whitfield interviews Rashweat Mukundu.

Joburg restaurant changes racist name after outrage on social media

Joburg restaurant changes racist name after outrage on social media

Ad guru Andy Rice knocks Misohawni, but praises outdoor living retailer REI for closing all 151 of its stores on Black Friday.

Imagine Naspers without its 34% stake in Tencent (world’s 5th largest company)

Imagine Naspers without its 34% stake in Tencent (world’s 5th largest company)

How much would Naspers be worth without Tencent? Bruce Whitfield interviews Old Mutual Investment Investment Analyst Philip Short.

Funny man Alan Committie gets serious(ish) about money

Funny man Alan Committie gets serious(ish) about money

The Money Show’s Bruce Whitfield interviews Committie about his attitude to money (hopes and fears, successes and failures, etc.).

How to boost your reputation and change the way people see you

How to boost your reputation and change the way people see you

Ian Mann reviews “The Reputation Game: The Art of Changing How People See You” by David Waller and Rupert Younger.

3 shares that’ll boost your wealth, if you buy now (by Cannon Asset Managers)

3 shares that’ll boost your wealth, if you buy now (by Cannon Asset Managers)

The Money Show’s Bruce Whitfield interviews Cannon Asset Managers Portfolio Manager Samantha Steyn.

Popular articles
Financially prepare yourself before the wedding bells

Financially prepare yourself before the wedding bells

Liberty Legal Marketing Specialist, Faeeza Khan talk us through a few financial pointers before getting hitched.

Oscar's family unhappy with producers as movie makes SA debut this weekend

Oscar's family unhappy with producers as movie makes SA debut this weekend

The movie stars Joburg-born actor Andreas Damm as Pistorius and Victoria Secret model Toni Garrn as Reeva Steenkamp.

Statement to remove LLB programme from SA universities is misleading: Max Price

Statement to remove LLB programme from SA universities is misleading: Max Price

Max Price says Council on Higher Education's announcement that UKZN, UCT and UL could lose their LLB accreditation is not right.

Is taking items from the hotel room stealing?

Is taking items from the hotel room stealing?

Tsogo Sun Cape regional manager explains which items are free to be taken home by guests and why.

WATCH: Innovative spray limits toilet flushes and saves water

WATCH: Innovative spray limits toilet flushes and saves water

Loo Me is a simple yet effective scented foam that takes the yuck out of "mellowing" toilets preventing multiple flushes.