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Mall Operator PREIT Exits Bankruptcy, Goes Private and Replaces CEO

Retail TouchPoints

PREIT Realty has emerged from bankruptcy in an expedited process, reducing its total debt by approximately $835 million , extending its maturity runway and receiving commitments of about $130 million in new debtor-in-possession financing and exit revolver financing from a diverse group of investors. portfolio of 150+ retail centers.

Finance 170
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RFG settles unconscionable conduct case brought by ACCC

Inside Retail

Michel’s marketing fund. The ACCC had alleged certain payments had been made from the Michel Patisserie’s marketing fund for expenses that were not legitimate marketing expenses and had not been adequately disclosed to franchisees nor agreed to by a majority of franchisees. Waiving historical debts.

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RFG settles unconscionable conduct case brought by ACCC

Inside Retail

Michel’s marketing fund. The ACCC had alleged certain payments had been made from the Michel Patisserie’s marketing fund for expenses that were not legitimate marketing expenses and had not been adequately disclosed to franchisees nor agreed to by a majority of franchisees. Waiving historical debts.

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Longchamp ANZ GM Julie Therond champions hard work, collaboration and patience

Inside Retail

Julie Therond is the general manager of Longchamp Australia and New Zealand and has worked with the fashion brand since 2012. With an extensive career in marketing and retail, having previously worked in Paris, China and Hong Kong, where she was a sales director, before coming to Australia to head Longchamp’s ANZ operations from Sydney.

Finance 130
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2 Top Target Chiefs Announce Retirement Plans

Retail TouchPoints

During his 27-year tenure with the company, he has held a variety of leadership positions in finance, digital and human resources, including acting as CFO from 2012 to 2015. Mulligan joined Target in 1996 as a financial analyst. Mulligan also served as interim President and CEO of Target in 2014, prior to Cornell’s appointment.

Planning 147
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The Honest Company Rides ‘Conscious Consumerism’ Wave Toward Potential $100M IPO

Retail TouchPoints

Co-founded by actress Jessica Alba in 2012, the company touts a line of hypoallergenic, ethically sourced products in the baby, beauty and home cleaning categories. In January 2021, the company brought in finance veteran Kelly Kennedy as CFO. According to the SEC filing , The Honest Co.

Finance 273
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Designer labels for 15-year-olds? New generation splashes on luxury

Inside Retail

Younger consumers from Gen Z, or those born between 1996 and 2012, as well as the so-called Millennials born in the 1980s and early 1990s — fuelled the luxury market’s growth this year, according to the Bain report. These generations began making luxury purchases between the age of 18 and 20 years old.

Finance 130