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 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
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
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
