Welcome to Lifestyle Holdings Limited.
Formerly known as TN Holdings Limited, the Group’s business was modelled around TN Bank Limited. The demerger of TN Bank Limited and its separate listing on the Zimbabwe Stock Exchange in July 2012 requires the Group to redefine its focus and identity. TN Harlequin Luxaire Limited, formerly Springmaster Corporation Limited, the largest furniture manufacturer and retailer in Zimbabwe remains the Group’s largest business on the back of which, the Group has launched TN Mart, a FMCG business, and TN Grill, a Quick Service Restaurant business (QSR). Both TN Mart and TN Grill have leveraged, not only on TN Harlequin Luxaire Limited’s financial resources, but also on its expansive distribution network that has high foot traffic. Once each of TN Mart and TN Grill has gained critical mass, they shall each be demerged leaving the furniture business separated from the FMCG and QSR businesses.
At the Group’s Strategy Seminar for 2013, the group identified its most important investment as the TN Livestock Trust (Private) Limited (TNLT). This is a livestock banking company that has started receiving livestock deposits and is expected to officially launch later this year. The Group’s furniture business will get leather for lounge suites from TNLT, while both the FMCG and QSR businesses will get meat and related products from the TNLT. Therefore, the furniture, FMCG and QSR businesses all have strong synergies on which the businesses can leverage.
The Group also has strong businesses in TN Medical Benefit Funds (Private) Limited, TN Healthcare (Private) Limited and TN Asset Management (Private) Limited.