Blundy steps up shoe stake again
Blundy, who is the chairman and founder of BB Retail Capital (“BBRC”) that holds over 600 stores across multiple brands, including Bras N Things, and Lovisa, acquired 64,000,000 ordinary shares in RCG, representing approximately 11.82 per cent of RCG’s issued shares.
BBRC is also an active investor and operator in retail properties, through its major shareholding in the Aventus Property Group which owns 22 centres nationally with a gross lettable area of 546,000sqm.
As a result, interests associated with Blundy have recently acquired 83.4 million shares in Accent Group, taking his total relevant interest in the Company to 97.5 million shares, or 17.99 per cent.
“Brett has an outstanding reputation and a successful track record in global retail expansion,” said David Gordon, chairman of Accent Group.
“I have no doubt that we will be able to draw on his invaluable experience to assist in identifying opportunities that deliver ongoing, long-term, sustainable growth for our company.”
Accent said Blundy “has had a long and successful association with Accent co-CEO, Daniel Agostinelli.”
Agostinelli is the former CEO of both Ghetto Shoes and Sanity Music, businesses that were owned by interests associated with Blundy.
“He is a talented retailer and he and the team at Accent have built a great business,” said Blundy.
“As a shareholder and director, I see significant opportunities to grow the business.”
Interests associated with Agostinelli have recently acquired 2.1 million shares in Accent Group, taking his total relevant interest in the Company to 16.385 million shares, or 3.02 per cent.