Takealot Group has sold its online fashion business Superbalist to a private equity consortium.
Browsing: TFG
Shein and Temu have exploited loopholes to undercut local e-commerce companies unfairly, Takealot said.
Local retail and logistics industry stakeholders have welcomed an intervention to protect South African retailers.
Bash, the online retail platform built by Superbalist co-founders Claude Hannan and Luke Jadeyekin for TFG, is proving to be a success for the retailer.
Retail group TFG’s online sales now make up almost 10% of its turnover, more than double the market average.
Shein has gained a strong foothold in the e-commerce market in South Africa. But is it competing on a level playing field?
Shein is the most downloaded shopping app on South Africa’s Google Play store. And it isn’t even trying that hard.
Luke Jedeikin and Claude Hanan, well known for founding Superbalist, join the TechCentral Show to unpack their new venture.
While a string of local tech start-ups were snapped up in 2021, many were acquired for significantly less than the blockbuster exits of years gone by.
TFG – the retailer also known as The Foschini Group – has acquired Quench, a digital shopping platform and last-mile delivery provider.