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Don’t inbox-watch: How Officeworks’ merchandise GM balances his attention

Inside Retail

I was part of the set-up team that launched Officeworks into the New South Wales market. After a seven-year stint outside of the business I returned in 2012 and was appointed the national merchandise manager – office supplies and furniture. IR: Do you have any hobbies that help you switch off and stay balanced?

Balance 130
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Aesop sold to L’Oreal for US$2.525 billion

Inside Retail

Natura & Co acquired a 65 per cent interest in the brand in 2012 for US$71.6 million, and four years later bought the balance, suggesting a massive capital gain from the brand which expanded significantly under Natura’s ownership.

Balance 130
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Biden’s Climate Balancing Act Really Worked

Robinson Meyer

In 2012, the University of Chicago Booth School of Business surveyed 41 economists about whether federal policy affected gasoline prices more than market forces did. That the president could even try managing gas prices reflects a shift away from political wisdom. Not one said yes.

Balance 83
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Reliance, Apollo lodge US$6 billion bid for Boots business

Inside Retail

Walgreen Boots was created when the US business took a 45 per cent share in Boots in 2012, with an option to buy the balance, which when executed saw the two companies merge into a new entity in December 2014. Initially, private equity companies Bain Capital and CVC Capital ran the numbers before pulling out.

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How L’Occitane’s Dr Vranjes Firenze aims to grow in Australia and beyond

Inside Retail

Dr Vranjes Firenze’s launch in the Australian market last December through a partnership with David Jones could be a sign of further global expansion to come, following L’Occitane Group’s recent acquisition of the luxury Italian home fragrance brand. L’Occitane also acquired a 50 per cent stake in Singaporean skincare brand Erborian in 2012.

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FTC Issues Green Guides Questionnaire

Hunton Andrews Kurth

The FTC’s notice seeks input on a number of areas addressed by the current Guides, which last were updated in 2012. As we recently reported , the FTC voted to issue a notice in the Federal Register seeking input on updating its Green Guides.

Balance 105
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Dick Smith, Burger King, David Jones: Is it third time lucky for Anchorage?

Inside Retail

Anchorage struck gold with the $20 million acquisition of the Dick Smith consumer electronics chain from Woolworths Group in November 2012. Anchorage Capital, at best, added some finishing touches to Woolworths’ turnaround strategy and reworked the balance sheet for the sharemarket float. No more balance sheet shuffle .