Unpacking Truworths’ corporate rescue plan: What’s in the offing?
This move has sparked mixed reactions, similar to the lack of excitement around Econet’s acquisition of Ecocash’s non banking assets
By Kudakwashe Taimo
Feb. 28, 2025
Out of fashion and on sale for a dollar: The fall of Truworths and Zimbabwe’s retail turmoil
Retailers just can’t compete with cheap imports and the unregulated informal market.
By Newzwire
Feb. 18, 2025
... as country’s economic woes deepen
Companies such as Beta Bricks, Khayah Cement, Truworths and Food World Supermarket have been affected.
By Ashton Ndakusiya
Jan. 10, 2025
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
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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
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US$2,2 million payout to Chinese firm raises stink
Local News
By Tinashe Kairiza and Julia Ndlela
Mar. 7, 2025
Premium
Foreign companies swoop on Zim for mergers
Local News
By Mthandazo Nyoni and Freeman Makopa
Mar. 7, 2025
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Inside abandoned mega acquisitions...regulator explains tough stance on CBZ, ZB, FMHL deals
Local News
Mar. 7, 2025
