Just found that Brett Blundy holding (BBRC) has a website, with quite a lot of details regarding his investments in the retail sector.
For a particular reason, he seems to like the chains which are oriented towards the young customers : . he co-founded Lovisa (focus : females aged 25-45) in 2010, where he is still the major shareholder with 40.2 % of the capital, . in 2017, he bought a share of 19 % in Accent (still owns 19.5 % now), . he also invested in Universal Stores in 2018, but has now fully exited this investment.
Among the other investments in the retail sector : . the lingerie chain Honey Birdette (now sold out), . Best and Less (initial investment in July 21, then IPO and now just been taken over by BBRC), . Adairs (BBRC purchased 90 % in 2007, then IPO, share in Adairs now sold out), . recent small investment in City Chic.
BBRC track record with its investment in the retail sector (at 31/12/22) are quite unique : - annualized return of 187 % on Lovisa, - annualized return of 16 % on Accent, - 9 % on Best and Less, - 21 % on Adairs, - 102 % on Universal Stores, - 128 % on Honey Birdette.
A lot of interesting things regarding these investments, apart from the returns he got. Of course, not all these chains have been a success recently. For example, looking at Adairs. But, it is clear that BBRC had a good timing to exit these companies (fully exited Adairs in 2019). BBRC also fully exited from Universal Stores in August 21, not far from the pick of the share price (share price has now lost 50 % vs August 21).
