We are delighted to announce that we have been awarded the mandate as sole portfolio advisors to TFG London across their UK fashion brands Hobbs, Whistles, Phase Eight, Damsel in a Dress and Studio 8.
TFG London is wholly owned by The Foschini Group Limited (“TFG”), a leading publicly listed South African retail group, which operates 28 brands across fashion, jewellery, homeware, sports, outdoor and cellular, collectively serving over 13.4 million customers each year in over 4,000 stores and 32 countries. TFG first entered the UK market through the acquisition of the premium womenswear brand Phase Eight in January 2015 and now operates over 200 stores and 450 concessions across the country.
We have worked with Whistles since 2018, this new appointment is therefore a significant extension of our role acting for all of the brands on retail agency and lease advisory matters and we will now be looking to secure over 100,000 sq. ft. of retail space over the next 12 months for the Group.
Kim Wilson, Associate Partner at Brasier Freeth commented: ‘We are delighted to be appointed and are very much looking forward to working on the expansion of these established British brands. These are exciting times for TFG London particularly as current market conditions coupled with the strength of our clients’ retail operations, mean that there are significant growth opportunities. We will be undertaking a forensic review of the entire portfolio with the objective of expanding into new locations but at the same time delivering real value across the estate.’
Peter Riordan, Group Property Director at TFG London commented: ‘We are looking forward to working closely with Brasier Freeth to access the huge trading opportunity that this brings to our group.’