The Foschini Group Ltd. is an investment holding company, which engages in managing retail brands that are trade in clothing, jewellery, accessories, sporting and outdoor apparel and equipment, cellular good and services, and home ware. It operates through the following divisions: TFG Africa Retail, Credit, TFG London and TFG Australia. The TFG Africa Retail division comprises of home, Exact, The FIX, the Foschini, the Jewellery, the Markham and the Sport divisions, retailing clothing, jewellery, cosmetics, cellphones and homeware and furniture. The Credit division manages the Group's trade receivables and related functions with regard to the granting of credit. The TFG London division comprises Phase Eight, Whistles and Hobbs divisions, which operate internationally in the retail sector, which operates across Europe, Asia, Australasia and North America. The TFG Australia division comprises the Retail Apparel Group, which operates through retail outlets throughout Australia and New Zealand, as well as online. Its brands include Family fashion, Kids Fashion, Stems. @home, Totalsports and Hi. The company was founded by George Rosenthal in 1924 and is headquartered in Cape Town, South Africa.