SA retail braced for tough time in UK

SPAR, TFG, Truworths and Steinhoff may be recalibrating their offshore strategies after the UK vote to leave the EU. While the impact of Brexit is still an unknown quantity, analysts expect times to get tough.The expansion of well-known food and fashion retailers into the UK and Europe in the past few years includes Truworths's purchase of Office Retail Group for R5.