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.


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles