Truworths Chief financial officer to move
IOL Business - Jul 12th 2012, 08:43
Mark Sardi would resign as chief financial officer at Truworths International to take up the position of deputy chief executive at a listed pharmaceutical company, Truworths said yesterday.
Sardi, who will remain at Truworths until at least the end of 2012, has been a director since February last year having joined the group as chief financial officer designate in July 2010. In February the group posted a 14 percent rise in first-half profit. Its shares fell 1.1 percent to R94.70 yesterday. – Bloomberg and Reuters
Truworths reports steady performance
20/08/2019 - 10:04
Truworths International reported lower earnings for the year to June 2019 as Truworths posted a steady performance in the weak domestic retail market while the profitability of the Office chain was severely impacted by the depressed United Kingdom (UK) trading conditions.
Truworths profit at nine-year low as profit plunges over 70%
16/08/2019 - 11:52
Shares in Truworths slumped to a nine-year low on Friday morning after the fashion retailer reported a 74% slide in profits amid difficult trading environments in SA and the UK.
Truworths falls 6% on JSE after restructure call
03/07/2019 - 15:32
Truworths fell more than 6 percent on the JSE after it told investors that it had approached lenders to embark on steps to restructure the R801 million debt of its UK-based Office shoe brand, whose operational performance has continued to deteriorate.
With large chunk of debt looming, Truworths’s UK business seeks a workaround
02/07/2019 - 10:40
Truworths International says its UK subsidiary, Office, is considering a debt restructuring ahead of a hefty repayment due in late 2020.
Retail fallout linked to need for innovation
25/02/2019 - 12:13
Retailers across the world continue to face strong headwinds. They have suffered a sharp drop in business in recent years, with bankruptcy filings and store closings almost becoming commonplace.