Leading retailer group TFG (The Foschini Group) has bought niche luxury menswear brand Fabiani, effective from 1 October 2011. Established in 1978 by Arie Fabian and renowned for the exceptional cut of its suits, highest quality fabric and powerful design details, it expanded its offer to include casual clothing, shoes and fashion accessories and is considered one of the leaders in the luxury menswear market. Fabian will join the group as the brand director.
It will operate as a division within the menswear chain, Markham and, coupled with the support of the group's credit sales and extensive supply chain business, it is believed that the brand will reach even greater heights.
"We believe that the brand, which currently trades out of seven upmarket outlets, has great potential for expansion," says Ronnie Stein, TFG CFO.
The 14 retail brands which are currently part of TFG include @home, @homelivingspace, Exact!, Foschini, Donna-Claire, Fashion Express, Luella, Markham, Sportscene, Due South, Totalsports, American Swiss, Matrix and Sterns. In addition, TFG has a sizeable financial services business as well as a controlling interest in the RCS Group.
