Truworths Limited - The Zimbabwe Independent

Topic : Truworths Limited

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

Truworths faces insolvency, owes US$2m to creditors

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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

Clothing giant Truworths hits turbulence

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 decries restrictive pricing laws

Truworths shuts down 6 stores

Truworths Ladies outlets, Truworths Men (six), Topics (14) and Number 1 (12).

By Blessed Ndlovu Jan. 22, 2024

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

Truworths boss says textile industry cannot benefit from AfCFTA

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

Fashion kingpins worried… as currency crisis, pricing restrictions hit Truworths

Restrictive pricing hamper Truworths operations

The retail chain was losing money due to the pricing at the official exchange rate, yet, its suppliers were using parallel markets rates that were way more than 50%.

By Tatira Zwinoira Oct. 16, 2022