From the oz article:
"In a tangled web of allegiances, loyalties and employment histories, Lovisa is owned by fellow retail billionaire Brett Blundy who earlier this year hired former Premier Investments boss and veteran Lew executive Mark McInnes to help run Mr Blundy’s BBRC investment vehicle. Within a few short months of that appointment Mr Cheston was poached from Mr Lew’s Smiggle empire to join Lovisa, whose major shareholder and chairman is Mr Blundy."
The misconduct sounds like it could be related to Blundy/McInnes poaching talent from PMV. Maybe Cheston is trying to take some key people with him? Just reading the tea leaves, like everybody else.
You could infer that this creates a risk to the timetable for listing Smiggle.
Very quiet thread here - talking to myself - lol.
Wouldn't mind if somebody explained that I am wrong.
Ann: Premier Retail FY24 Trading Update, page-6
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Last
$34.31 |
Change
0.590(1.75%) |
Mkt cap ! $5.477B | |||
| Open | High | Low | Value | Volume |
| $33.90 | $34.48 | $33.90 | $3.248M | 94.85K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 684 | $34.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $34.44 | 520 | 1 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| PMV (ASX) Chart |