End of an era for iconic R12 billion retailer in South Africa

• Italtile is exiting its Australian operations due to excess manufacturing capacity and deteriorating trading conditions in the ceramics market.
• The group's Australian presence is through tile manufacturer Ceramics Industries, which was established in 1976 and is supported by a vertically integrated supply chain.
• The exit marks the end of a 22-year period of operation in Australia and follows the departure of Group CEO Lance Foxcroft, who stepped down to join his family in Australia.