Foschini owner makes a move on online shopping platform

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TFG said the acquisition will help it cement itself as a major brick-and-mortar and online retailer in Africa.
TFG said the acquisition will help it cement itself as a major brick-and-mortar and online retailer in Africa.
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The Foschini Group (TFG) has entered into a deal to acquire online shopping platform Quench.

The shopping and distribution platform was established in 2016, providing consumers with groceries, liquor, restaurants and bakeries.

In a statement on Thursday, TFG said the acquisition will help it cement itself as a major brick-and-mortar and online retailer in Africa. The company explained that the addition of Quench to its business will give it access to reliable quick delivery across South Africa. 

Claude Hanan, co-head of TFGLabs, said: "We will continue to service Quench’s existing partners and customers and, in fact, will immediately invest in improving our offering and service to both."

TFGLabs is the group’s technology division that is spearheading its digital transformation. The retailer is focusing on growing its online presence and turnover.

Hanan explained that the TFGLabs team has considerable experience in last mile delivery and online platforms and can strengthen the business, together with the Quench team.

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