When Ms Cameron’s former company, Retail Adventures Pty Ltd, collapsed in October 2012 after racking up losses of $114 million in two years, Ms Cameron used her position as the largest and only secured creditor to buy back the business three months later. “(Jan) can regain control, but my conversations to date have been about her exiting this business,” Mr Goyal said.
This means potential buyers would need to have warehouse and logistics systems in place. “We’re hoping to find someone who has the back office infrastructure and can add the stores onto their network,” said Mr Goyal. “They don’t necessarily need to be in this (discount variety) space but to have the warehousing and logistics, so it could be someone in a complementary business,” he said. “Lots of people are looking at it strategically to expand their own business as they (DSG) have some great locations with little competition.
Read more here: SMH