That's an interesting story re James Healy.
28 years from serving plumbers at 0700 hours at Burwood, Victoria (that was REH's Head Office, ecently relocated to trendy Cremorne aka Richmond, Victoria.)
Very good that the two individuals highlighted "know" the REH story and business' ins and outs.
The USA seems to be going well for REH, albeit more competition means lower gross (and net) margins. The latter is not a criticism: just fact.
REH may over time purchase more accretive, complementary USA businesses but one would envisage the Wilson family doesn't want to pay 'elevated' prices for acquisitions.
As Peter Wilson says, it's a '20 year journey'.
Ann: Leadership Update, page-2
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