Truworths International Ltd is an investment holding and management company listed on the JSE and the Namibian Stock Exchange. Based in Cape Town, South Africa, its main operating companies, Truworths Ltd (operating primarily in South Africa) and Office Holdings Ltd (operating primarily in the UK), are leading retailers of fashion clothing and footwear apparel.
Listed in the General Retailers sector on the JSE in 1998, Truworths International has delivered a total shareholder return of 24% per annum since listing.
Truworths is a market-leading fashion apparel retailer in South Africa offering internationally inspired clothing and footwear for ladies, men, teenagers and kids across a diversified portfolio of its own exclusive brands.
Brands include Truworths, Truworths Man, Daniel Hechter, Inwear, Identity and LTD. These brands have been supplemented by the acquisition of specialist chains YDE, Uzzi, Earthaddict, Earthchild and Naartjie.
Large-format emporium stores house a collection of brands, fashion concepts and lifestyles in a single store. The retail footprint has grown to 770 stores across Africa, including 47 stores in eight countries outside South Africa.
Credit is offered to customers across all brands in South Africa, Namibia, Swaziland and Botswana to facilitate sales in the Truworths mass middle-income target market. The active credit customer base is 2.7 million.
Truworths traces its roots back to 1917 when The Alliance Trading Company opened its first store on a site not far from the present head office in Cape Town.
Office is the leading young fashion footwear retailer in the UK, trading under the Office and Offspring brands.
In addition to its strong private label brands, Office sells major global third party footwear brands. The footwear is targeted at fashionable 16 to 25 year olds at the mid-level price range.
Office has 108 stores in the UK and the Republic of Ireland, and 44 concessions in high profile department store retailers. The business started its expansion into continental Europe in 2014 and currently has seven stores in Germany. Office also operates a successful e-commerce business which accounts for approximately a quarter of sales.
Founded in 1981, Office was acquired by Truworths International in December 2015 for R5.5 billion.