Foschini
Group (TFG), a Cape Town-based firm, says it will open five branches in Ghana
by March 2015.
This
forms part of a bigger plan to increase the number of stores in Africa. The
Foschini group currently has 120 stores outside of South Africa.
The
Foschini group is known to be the biggest seller of sporting brands such as
Adidas and Nike Inc in South Africa.
TFG’s
plan is actually to double the number of stores that they currently have in
Africa. This however, will be stretched across four years; the countries
concerned will include Mozambique, Kenya and Angola.
Africa
has been seen as the fastest growing continent as other markets have saturated
as far as sales are concerned.
The
South African company operates 17 retailer brands ranging from women’s fashion
to jewelry.
It
already operates in several African countries, including Nigeria, Zambia,
Botswana and Namibia.
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