ABOUT TRUWORTHS INTERNATIONAL
TRUWORTHS INTERNATIONAL LTD IS AN INVESTMENT HOLDING AND MANAGEMENT COMPANY BASED IN CAPE TOWN, SOUTH AFRICA. THE MAIN OPERATING COMPANIES, TRUWORTHS LTD (TRUWORTHS, OPERATING PRIMARILY IN SOUTH AFRICA) AND OFFICE HOLDINGS LTD (OFFICE, OPERATING PRIMARILY IN THE UNITED KINGDOM) ARE LEADING RETAILERS OF FASHION CLOTHING, FOOTWEAR, HOMEWARE AND RELATED MERCHANDISE.
Market-leading fashion apparel retailer offering internationally inspired, superior quality, aspirational fashion clothing, accessories and footwear for ladies, men, teenagers and kids, and
homeware in the mainstream middle to
Exclusively owned (or licensed where stated) brands include Truworths, Truworths Man, Inwear, Identity, Daniel Hechter (licensed), LTD, Ginger Mary, Uzzi, Hey Betty, Earthaddict, Earthchild, Naartjie, Office London, Loads of Living, Context, Fuel, Sync and specialist glamour agency, YDE.
Retail footprint of 764 stores across all brands in South Africa and 31 stores in five other southern African countries. The store network is complemented by an e-commerce platform which features all major brands.
Fast-growing e-commerce business accounts for 3.5% of Truworths retail sales.
Account facilities are offered to customers across all brands in South Africa, Namibia, Eswatini and Botswana. The active account customer base is 2.8 million. The Truworths’
debtors book is
self-funded and offers 6, 9 or 12 months payment plans to customers to facilitate the sale of merchandise.
CASH: ACCOUNT SALES
Leading fashion footwear retailer in the UK for fashionable 16 to 29 year olds in the
mid-level price range. A curated range of the latest in-demand styles and brands are offered in aspirational physical and digital environments to complement the fashion look.
Private label and major global thirdparty footwear brands, including Nike, Adidas, Converse, Veja, New Balance, OnRunning, Dr Martens, Birkenstock, Havaianas, UGG and Timberland, sold through Office and Offspring outlets.
Office has 81 stores in the UK and the Republic of Ireland, including 11 concession outlets in
high-profile department stores.
Well-established e-commerce business accounts for 45% of Office sales across a range of digital platforms.
Over 100 years of fashion
Founded in 1917, the company listed on the JSE and the Namibian Stock Exchange in 1998, and on A2X Markets in 2022. The Truworths International Group is one of the leading retailers in Africa with 795 mainly Truworths and Identity stores, together with 81 Office stores and concessions in the UK and the Republic of Ireland. Physical retail stores are supported by a world-class online business in Office, contributing 45% of Office’s sales, together with a fast-growing online store in Truworths contributing 3.5% of retail sales.
Truworths is synonymous with superior quality, aspirational fashion and has a portfolio of some of South Africa’s most desired apparel brands, most of which are owned by the Group and have been developed over the past four decades. Office offers fashion-forward footwear with a unique range of own-branded fashion shoes and branded footwear and sneakers.
Expanding the brand portfolio
During the 1980s the brand portfolio rapidly expanded with the launch of the French designer brand Daniel Hechter under a long-term licence agreement (1984), Inwear (1986), Truworths Man (1988) and Truworths Jewellery (1989). In the 1990s internally developed brands LTD (1992), Identity and Truworths Elements (1999) were launched. Ginger Mary followed in 2004 and Hey Betty in 2011. Office London, the South African offering of the Group’s UK footwear brand, was introduced in 2017, with Context and ID Kids launched in 2019. Fuel and Sync (both 2021) are the latest additions to the brand portfolio.
Growth through acquisition
Organic brand expansion has been supported by the acquisitions of Young Designers Emporium (2003), menswear brand Uzzi (2006), ladieswear brand Earthaddict and kidswear brands Earthchild and Naartjie (2015), while the acquisition of Loads of Living in 2017 launched the Group into the homeware and linen market.
Truworths International expanded into the northern hemisphere retail market in 2015 with the acquisition of the Office fashion footwear chain in the United Kingdom, trading under the Office and Offspring brands.
Commitment to sustainability
As a responsible corporate citizen, the Group is committed to sustainable business practices and responsible environmental, social and governance (ESG) practices, which are essential in creating
The Truworths sustainability programme is aligned with seven of the United Nations (UN) Sustainable Development Goals (SDGs), the global objectives developed by the UN member states to be achieved by 2030. These seven SDGs have been identified as the areas where the business can have the most impact and play a role in contributing towards the attainment of these goals. The Group’s activities undertaken in support of the SDGs are detailed in the Environmental, Social and Sustainability Governance Report 2023 on the website at www.truworths.co.za/reports.