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Guzman Y Gomez set for $2.2 billion IPO 

Inside Retail

Fast food restaurant chain Guzman Y Gomez is planning an IPO on the ASX next month at a $2.2 The firm plans to use the float proceeds to fund growth and network expansion in Australia. Founded in 2006 by New Yorkers Steven Marks and Robert Hazan, Guzman Y Gomez has more than 170 locations in Australia. billion valuation.

Expansion 263
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Inside Guzman y Gomez’s plan to reach $500 million in revenue

Inside Retail

Mexican fast food chain Guzman y Gomez (GYG) is planning to open an additional 30 drive-thrus in Australia over the next 12 months, which will bring the company’s total store count to over 180 locations across Australia, Singapore, Japan and the US. GYG plans to have another three to four stores up and running in the US by the end of 2021.

Planning 237
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Why the effort to shake up Endeavour’s board is rooted in the past

Inside Retail

Former Woolworths executive Bill Wavish and gaming czar Bruce Mathieson have developed a “fix it” plan for Endeavour Group. The plan involves having Wavish join the board of the liquor and gaming powerhouse, which they argue has lost its way after being divested by Woolworths in 2019. Commenting on the sale of 5.5

Expansion 246
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Denim brand Ksubi to open first standalone store in London

Inside Retail

Ksubi, the Australian denim streetwear brand, plans to open three standalone stores on two continents before the end of this year. Next year, the brand will mark its return home to its Australian roots, with stores planned for Sydney and Melbourne. .

Boutique 245
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Afends opens two stores in Sydney, including CBD flagship

Inside Retail

Founded in 2006 by Jonathan Salfield and Declan Wise, Afends works with the motto ‘Question Everything’, which aims to encourage people to do their own research and come up with solutions to all of life’s problems. It is planning to launch in the US. . Afends at The Galleries.

Concept 246
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7-Eleven parent to sell Sogo & Seibu for US$1.4 billion – report

Inside Retail

Seven & I announced its plan to sell the chain to focus on its convenience store and supermarket businesses earlier this year. Sogo & Seibu, previously known as Millennium Retailing, was acquired by Seven & I in 2006. It had been in talks with the SoftBank Group-affiliated investment fund to obtain the first refusal right.

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Kering’s executive reshuffle: New CEOs for Saint Laurent and Balenciaga

Inside Retail

Gianfranco Gianangeli began his career at Bottega Veneta in 2006. Succession planning in any corporate business is achievable and desirable, providing the business remains stable. In 2017 he joined his namesake knitwear manufacturing company, Gianangeli Srl, in Italy, as owner and CEO.