South Africa’s Fashion Label Foschini expands into Ghana, but waiting on Kenya

by Nana Tamakloe
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South African clothing retailer Foschini Group is expanding its West African presence and has plans to enter Ghana with four stores by the end of 2014, its financial director said.

 

In 2013, Foschini broke into the region by opening two stores in Nigeria, Africa’s most populous country, as part of a strategy to double its stores outside of South Africa over the next three years to about 200.

But plans to open shop in Kenya were placed on the back burner when the opportunity arose in Nigeria, financial director Ronnie Steyn told Reuters.

 

Reuters

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