The Solomon Lew camp has taken a big swing sacking John Cheston,who was poached a few months ago by billionaire retailer Brett Blundy.
Poaching John Cheston from kids stationery group Smiggle feels like a declaration of retail war.
For more than four decades,Brett Blundy has backed and invested in retailer groups that are household names from Lovisa,Hype,Platypus,The Athlete’s Foot,Bras N Things to Best&Less.
It’s a weakness for retail billionaire Solly Lew,one which he identified in himself:the desire always for one more deal.
A bid for Best&Less from Brett Blundy&Ray Itaoui has opened the door for a brand refresh and new online strategy.
There is no shortage of stand-out homes in Sydney,but few can claim to have produced a Miles Franklin award in the studio above the back garage. It’s yours for $3.5 million as author Anna Funder trades up.
Rich-lister Ian Malouf,once the nation’s richest garbo,is the subject of a probe by the corporate watchdog into allegations of insider trading.
Universal Store is gearing up for a $300 million ASX listing despite a weakened retail sector that has experienced a spate of collapses and store closures since the new year.
American apparel giant Hanesbrands has snapped up Australian rich lister Brett Blundy's lingerie chain in a deal worth half a billion dollars.