Bleeding fashion house faces US$1m financial black hole
The move aims to rescue three of the company’s major brands — Truworths, Topics Stores, and Number 1 Stores — as well as its manufacturing arm, Bravette Manufacturing Company.
By Blessed Ndlovu
Aug. 30, 2024
Truworths faces insolvency, owes US$2m to creditors
Professional services firm Crowe Zimbabwe has been appointed to manage Truworths’ corporate rescue process.
By Blessed Ndlovu
Aug. 23, 2024
Premium
Clothing giant Truworths hits turbulence
At the end of that period, Truworths’ balance sheet revealed that in real terms the company had seen US$1,98 million in the value of its assets being wiped off.
By Tatira Zwinoira
Aug. 11, 2024
Truworths gets three-month reprieve
Bgoni said the ZSE has requested Truworths to provide a roadmap on how it will resolve the challenges.
By Blessed Ndlovu
Mar. 13, 2024
Truworths decries restrictive pricing laws
Formal retailers are required by law to use the 10% trading margin above the interbank rate.
By Tafadzwa Mhlanga
Feb. 25, 2024
Truworths shuts down 6 stores
Truworths Ladies outlets, Truworths Men (six), Topics (14) and Number 1 (12).
By Blessed Ndlovu
Jan. 22, 2024
Candid Comment: ‘It just does not make any sense at all!’
TRUWORTHS chief executive officer and executive director Bekithemba Ndebele has painted a gloomy picture of the country’s clothing industry.
By Mthandazo Nyoni
Nov. 24, 2023
Truworths boss says textile industry cannot benefit from AfCFTA
TRUWORTHS Ltd CEO Bekithemba Ndebele says the local textile industry is too decimated to benefit from the(AfCFTA) as over 90% of formal manufacturers have shut down.
By Melody Chikono
Nov. 10, 2023
Fashion kingpins worried… as currency crisis, pricing restrictions hit Truworths
The firm’s revenues rose to $1,1 billion during the period, compared to $836 million during the comparable period last year.
By Rugare Mubika
Jan. 24, 2023
