TFG going for rights offer to expand, but is not interested in Jet or Edgars

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The owner of Foschini and Sportscene is eyeing the international market for opportunities

18 June 2020 - 23:50TFG is planning on a R3.95bn rights issue to raise capital from shareholders so it can reduce its debt, remain stable in the face of the globally constrained consumer and perhaps snap up a struggling retailer.This article is reserved for our subscribers.

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