Truworths

Truworths

Company type	Public company
Industry	Clothing
Headquarters	Cape Town , South Africa
Number of locations	777
Area served	Africa
Key people	Michael Mark (CEO) Hilton Saven (Chairman)[1]
Revenue	R18.2 billion (2016)[1]
Operating income	R4.1 billion (2016)[1]
Net income	R2.8 billion (2016)[1]
Total assets	R17 billion (2016)[1]
Total equity	R8.6 billion (2016)[1]
Number of employees	11,698[1]
Subsidiaries	Office 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. "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.

External links

Official website