WEEKEND PAPERS: South African fashion retailer Foschini has joined bidders looking to acquire Hobbs, which 3i offered for sale at the start of the year.
NM Rothschild was appointed to find a buyer. Offers for the womenswear chain are said to have been below the £80m asking price.
UK retailers are attracting the attention of South African companies, with Truworths said to be leading the race to acquire Oasis, Coast and Warehouse.
