Marcs and David Lawrence to live on in Australian Myer stores

  • News
  • April 18, 2017
  • Sarah Dunn
Marcs and David Lawrence to live on in Australian Myer stores

Australian department store chain Myer has acquired troubled labels Marcs and David Lawrence. The businesses, owned by a Sydney-based company trading in New Zealand as M. Webster Holdings, were placed into voluntary administration on February 2.

Administrator Rodgers Reidy confirmed in March that both Marcs and David Lawrence’s 10 New Zealand stores were to close permanently. The closure affected 11 full-time staff, 22 part-timers and 11 casual workers.

On April 13, Myer announced it had secured the two Australian brands. The acquisition includes the brand names, intellectual property and inventory of Marcs and David Lawrence, but does not include staff obligations or leases.

Besides the 52 standalone stores and 11 outlets the labels operated prior to being placed in administration, Marcs and David Jones had more than 140 concession stores operating across Australia and New Zealand. Of these, 67 are in Myer.

Myer's chief merchandise and customer officer Daniel Bracken told The Australian Financial Review that the brands were very successful at Myer, and acquiring them were in Myer’s interest.

"We have a good business with these brands and we wanted to find a way to protect this business. It buys us time to find out what is the future of these brands in Myer,” he told the AFR.

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Welcoming more Maori and Pasifika staff into retail

  • News
  • June 26, 2017
  • Sarah Dunn
Welcoming more Maori and Pasifika staff into retail

Industry training organisation ServiceIQ has released two 17-page action plans which map out how Maori and Pasifika staff can develop their skills and participation in the service sector. This sector, which includes retail alongside hospitality, tourism and other sectors, is forecast to have over 180,000 job openings over the next five years.

Read more
 
 

Restaurant Brands: a billion dollar future

  • News
  • June 26, 2017
  • The Register team
Restaurant Brands: a billion dollar future

New Zealand company, Restaurant Brands, is forecasting large sales as it expands into Australia and Hawaii. The fast food retailer also seeks dual-listing in the Australian Stock Exchange.

Read more
 
 
 
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