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Two Australian furniture chains set for sale

Inside Retail

Ironbridge Capital bought the chain for $500 million in 2006. The move comes after the company sold its premium pet food company Prime100 to American consumer goods giant Colgate-Palmolive last month. Quadrant later became a co-owner before taking full control of Amart in 2016.

Planning 200
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DigiDirect buys Mwave after parent collapses

Inside Retail

Founded in 2006, Mwave has become one of the major players in the consumer technology arena. The business has been a pioneer in the technology space and enables us to drive scale in a fast-growing category, borne from consumer demand, fuelled by the continued growth of the gaming community,” Kradjian added.

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Inside Urban Revivo’s strategic leap into the European fashion scene

Inside Retail

Founded in 2006, Urban Revivo has grown into an emerging fashion player across Asia, with more than 400 stores in China, Southeast Asia and, most recently, the US. Consumers here have avant-garde perspectives on cultural trends and the purchasing power to invest in aesthetics and culture, she said.

Fashion 130
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How True Religion aims to be the latest Y2K-era brand to make a comeback

Inside Retail

So, what is driving the renewed consumer interest in True Religion today? The first major turnaround tactic was taking a step back to realise who True Religion’s ideal consumer base is today. Michael Buckley, True Religion’s president from 2006 to 2010 and its CEO as of 2019, has previously stated, “This consumer wants a deal.

Fashion 130
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Secrets of selling to the 1 per cent

Inside Retail

The term 1-per-center refers to the wealthiest 1 per cent of consumers. Founded as a boutique in 1987, and launched online in 2006, Mytheresa reported €233 million (US$253 million) in net sales in the quarter ending March 31, an impressive 17.6 What is the 1-per-cent customer looking for? per cent gain from the €198.9

Apparel 130
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China’s ‘Victoria’s Secret Town’ at risk as US tariff loophole faces closure

Inside Retail

Industrial model Lei started his business as a high school student in 2006, with his relatives helping him out in a shabby workshop about a 10-minute drive away. Lei says tariffs and e-commerce curbs would force him to accept lower sales volumes, and US consumers will need to pay more.

ATS 130
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How Private Equity Failed North America’s Oldest Retailer

Retail Prophet

NRDC acquired Lord & Taylor in 2006, before buying Hudsons Bay, and taking the combined entity public in 2012. This enabled Baker to walk away from the wreckage of Hudsons Bay and carry on with the US business as though nothing had happened, leaving workers, landlords, suppliers and even hapless consumers to pick up the pieces.