The Foschini Group is in advanced discussions to acquire fashion chain White Stuff.
- This strategic acquisition aims to expand Foschini’s presence in the high street fashion sector.
- Sources indicate that the deal could be finalized soon, with an estimated value around £50 million.
- The acquisition would align with Foschini’s ongoing expansion and investment in the UK market.
- Foschini is also focused on expanding its retail footprint with a new flagship store set to open in Liverpool next year.
The Foschini Group (TFG), which owns well-known fashion brands such as Hobbs and Whistles, is reported to be in advanced negotiations to purchase White Stuff. This acquisition is seen as a strategic move to strengthen Foschini’s position in the high street fashion market.
According to sources, the deal could be finalized in a matter of days, although discussions about the exact pricing are still ongoing. Analysts estimate the value of White Stuff to be approximately £50 million, a figure that highlights the significant investment Foschini is making to bolster its market presence.
Foschini, through its British arm TFG London, also owns brands such as Phase Eight and Damsel in a Dress. This acquisition aligns with Foschini’s broader strategy to expand its operations and enhance its offering in the UK fashion sector.
In line with its expansion objectives, Foschini has revealed plans to open its largest multi-brand store at Liverpool One next spring. This 12,000 square foot flagship store on South John Street will feature luxury fashion from Hobbs, occasion wear from Phase Eight, and contemporary womenswear from Whistles, along with specialist collections including bridal and petite ranges.
Rothschild, the investment bank, was engaged earlier this year following an unsolicited approach from a potential buyer, indicating the level of interest and strategic value seen in White Stuff. This new acquisition by Foschini is part of a broader effort to solidify its retail footprint in the United Kingdom.
The Foschini Group is strategically enhancing its UK market presence through this acquisition and retail expansion.
