Truworths

Truworths
Company typePublic company
IndustryClothing
Headquarters
Cape Town
,
South Africa
Number of locations
777
Area served
Africa
Key people
Michael Mark (CEO)
Hilton Saven (Chairman)[1]
RevenueIncrease R18.2 billion (2016)[1]
Increase R4.1 billion (2016)[1]
Increase R2.8 billion (2016)[1]
Total assetsIncrease R17 billion (2016)[1]
Total equityIncrease R8.6 billion (2016)[1]
Number of employees
11,698[1]
SubsidiariesOffice Holdings

Truworths is a Cape Town-based, South African clothing retailer, with 728 stores in South Africa, and 49 elsewhere in Africa.[2]

Founded as The Alliance Trading Company in 1917, Truworths sells clothing under a number of different brands, including Truworths Man, UZZI, and LTD,[3] employs over 11,000 people, and generates over R18 billion in annual revenue.[1]

In December 2015, Truworths acquired the UK shoe chain Office Holdings for £256 million.[4]

References

  1. ^ a b c d e f g h "Truworths Annual Financial Statements 2016" (PDF). Truworths. 2016-08-18. Retrieved 2017-02-05.
  2. ^ "About Us". Truworths. Retrieved 2017-02-05.
  3. ^ "Our History". Truworths. Retrieved 2017-02-05.
  4. ^ Farrell, Sean; Butler, Sarah (24 March 2016). "Whistles bought by South Africa's Foschini Group | Business | The Guardian". The Guardian. theguardian.com. Retrieved 2016-03-24.

Official website