According to AFR Blundy is now worth almost 3 billion and Ray...

According to AFR Blundy is now worth almost 3 billion and Ray Itaoui about 600 million. The fact these two are happy to pick up most of the company is a huge vote of confidence and underlines the value here. Blundy’s retail track record is ridiculous really and he also seems to be a seriously savvy investor too likely making 3x with the two NT farms, heaps out of property malls and seemingly offloading retail businesses universal, adairs, dusk before they have a poor run.

Ray worked his way up and was his main man at Sanity, before acquiring it from Blundy for 0 and making it profitable again in a dying industry. These guys will only be here because they see a double or treble up of value from the current levels and likely Erica was their pick too to push online forward.