THE DISTILLERY: Retail Witchery

One jotter outlines what Country Road's Witchery purchase means for Solomon Lew, while others analyse James Packer's Perth plans.

Country Road's purchase of Witchery Group marks the end of a gruelling sales process for its owner, Gresham Private Equity, which has had the retail business on the market for over a year – indicative of the wider problems facing the industry at large. This morning, jotters spill ink all over the break-even $172 million price tag, amid bets that Solomon Lew will continue clinging to its small stake in the buyer. Elsewhere, one scribe views Crown's west coast expansion as a challenge to regulators in the east, while another thinks the WA deal could be a blueprint.



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