Truworths names new chairman as sales come under pressure

Fashion retailer Truworths is preparing for a significant boardroom transition as long-serving chairman Hilton Saven announces his retirement, ending a 23-year tenure with the group amid a challenging trading environment marked by weaker sales and declining earnings. The company said on Friday that Saven will retire at the conclusion of its annual general meeting (AGM) on November 5. He joined the…