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Why Blundy and Lew’s C-suite shuffles are crucial for good business

Inside Retail

Lovisa’s announcement earlier this month that John Cheston will leave Smiggle to become its new CEO and managing director next June marks the latest departure of a senior leader from Premier Investments. US-based Herrero succeeded Shane Fallscheer, a co-founder and former managing director of Lovisa. million business to a $319.8

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Dick Smith, Burger King, David Jones: Is it third time lucky for Anchorage?

Inside Retail

Anchorage struck gold with the $20 million acquisition of the Dick Smith consumer electronics chain from Woolworths Group in November 2012. Woolworths had written off more than $420 million restructuring the business, which was Australia’s largest consumer electronics chain by store count.

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What’s next for David Jones under Anchorage Capital? Analysts weigh in

Inside Retail

billion that Woolworths Holdings paid for the business in 2014, though the sale to Anchorage does not include David Jones’ recently revamped Bourke Street flagship store, which is valued at around $250 million. How involved will Anchorage be in the management of David Jones going forward? That is a fraction of the $2.1 Cautionary tale.

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Retail appointments of the week

Inside Retail

Abloh trained as an architect and engineer in his early life, and transitioned to designing clothes in 2012. SurfStitch managing director Justin Hillberg steps down. Hillberg joined SurfStitch as merchandise manager in 2014, before becoming general manager in 2015 and managing director in 2018.

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What’s driving the explosion of Australian retail acquisitions?

Inside Retail

The deal marked an enormous increase in the brand’s valuation since Brazil’s Natura & Co purchased a 65 per cent stake in Aesop for about $70 million in 2012, signalling its unparalleled standing as a category leader. As consumers have tightened their wallets, they have become more selective.

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Foodpanda’s Evelyn Tay talks travel, sport and 20-plus years in comms

Inside Retail

She volunteered at the 2005 Singapore Olympic Congress and Team Singapore activities at the 2012 London Olympics. Evelyn Tay: I manage all aspects of communications, government, and public affairs, as well as sustainability and corporate social responsibility (CSR) programmes across Asia at Foodpanda.

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6 Reasons Retailers Get Sued — and How to Avoid Them

Compliantia

Lawsuits aren’t just stressful and time consuming, they’re notoriously expensive. In 2012, Costco faced a gender discrimination class action lawsuit when 700 female employees claimed that the retailer’s promotion practices discriminated against women. Getting sued is a retailer’s worst nightmare. Let’s dive in.

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