Latest news with #CountryRoad
West Australian
5 hours ago
- Business
- West Australian
Country Road boss quits amid tanking sales, internal culture issues
The boss of Country Road has quit a year after a scandal concerning the behaviour of executives and a steep downturn in sales. Chief executive Raju Vuppalapati announced on Wednesday he would depart, following four years in charge. Country Road is owned by South African conglomerate Woolworths Holdings, which also owns Mimco, Witchery, Politix and Trenery. 'It has been a privilege to lead our passionate team and iconic brands. I know that I am leaving Country Road Group well positioned to pursue its next chapter with compelling strategies, a strengthened culture and clear pathway to reignite profitable growth,' Mr Vuppalapati said in a statement. Audio of a tense staff meeting in 2024 was obtained by The Australian, where Mr Vuppalapati was heckled by staff over sexual harassment and bullying allegations within the company. Woolworths Holdings chief executive Roy Bagattini said Mr Vuppalapati was leaving the business in a 'foundationally much stronger position'. 'Raju and I have had ongoing discussions regarding his intent to leave CRG to pursue his personal interests,' he wrote. 'After thoughtful consideration, Raju has decided that now is the right time for him to do that.' Mr Vuppalapati will leave the company at the end of August or 'until such time as the new CEO is appointed'. Country Road called in a consulting firm to repair the company culture, two executives resigned and the Woolworths Holdings chief executive Roy Bagattini flew in from South Africa to the Melbourne offices to hear details of the allegations. Woolworths Holdings sold department store David Jones in 2022 for $120m, but retained ownership of the Country Road Group. The clothing business has been struggling to attract shoppers. Country Road's operating profit fell 70 per cent in the second half of 2024, following a 66 per cent dip in the 2023/24 financial year.
Perth Now
5 hours ago
- Business
- Perth Now
Boss of iconic Aussie fashion label quits
The boss of Country Road has quit a year after a scandal concerning the behaviour of executives and a steep downturn in sales. Chief executive Raju Vuppalapati announced on Wednesday he would depart, following four years in charge. Country Road is owned by South African conglomerate Woolworths Holdings, which also owns Mimco, Witchery, Politix and Trenery. Country Road chief executive Raju Vuppalapati has resigned, effective in August. Supplied. Credit: Supplied 'It has been a privilege to lead our passionate team and iconic brands. I know that I am leaving Country Road Group well positioned to pursue its next chapter with compelling strategies, a strengthened culture and clear pathway to reignite profitable growth,' Mr Vuppalapati said in a statement. Audio of a tense staff meeting in 2024 was obtained by The Australian, where Mr Vuppalapati was heckled by staff over sexual harassment and bullying allegations within the company. Woolworths Holdings chief executive Roy Bagattini said Mr Vuppalapati was leaving the business in a 'foundationally much stronger position'. 'Raju and I have had ongoing discussions regarding his intent to leave CRG to pursue his personal interests,' he wrote. 'After thoughtful consideration, Raju has decided that now is the right time for him to do that.' Mr Vuppalapati will leave the company at the end of August or 'until such time as the new CEO is appointed'. . NewsWire / Andrew Henshaw Credit: News Corp Australia Country Road called in a consulting firm to repair the company culture, two executives resigned and the Woolworths Holdings chief executive Roy Bagattini flew in from South Africa to the Melbourne offices to hear details of the allegations. Woolworths Holdings sold department store David Jones in 2022 for $120m, but retained ownership of the Country Road Group. The clothing business has been struggling to attract shoppers. Country Road's operating profit fell 70 per cent in the second half of 2024, following a 66 per cent dip in the 2023/24 financial year.
News.com.au
6 hours ago
- Business
- News.com.au
Country Road boss quits amid tanking sales, internal culture issues
The boss of Country Road has quit a year after a scandal concerning the behaviour of executives and a steep downturn in sales. Chief executive Raju Vuppalapati announced on Wednesday he would depart, following four years in charge. Country Road is owned by South African conglomerate Woolworths Holdings, which also owns Mimco, Witchery, Politix and Trenery. 'It has been a privilege to lead our passionate team and iconic brands. I know that I am leaving Country Road Group well positioned to pursue its next chapter with compelling strategies, a strengthened culture and clear pathway to reignite profitable growth,' Mr Vuppalapati said in a statement. Audio of a tense staff meeting in 2024 was obtained by The Australian, where Mr Vuppalapati was heckled by staff over sexual harassment and bullying allegations within the company. Woolworths Holdings chief executive Roy Bagattini said Mr Vuppalapati was leaving the business in a 'foundationally much stronger position'. 'Raju and I have had ongoing discussions regarding his intent to leave CRG to pursue his personal interests,' he wrote. 'After thoughtful consideration, Raju has decided that now is the right time for him to do that.' Mr Vuppalapati will leave the company at the end of August or 'until such time as the new CEO is appointed'. Country Road called in a consulting firm to repair the company culture, two executives resigned and the Woolworths Holdings chief executive Roy Bagattini flew in from South Africa to the Melbourne offices to hear details of the allegations. Woolworths Holdings sold department store David Jones in 2022 for $120m, but retained ownership of the Country Road Group. The clothing business has been struggling to attract shoppers. Country Road's operating profit fell 70 per cent in the second half of 2024, following a 66 per cent dip in the 2023/24 financial year.
Daily Mail
a day ago
- Business
- Daily Mail
BREAKING NEWS Country Road Group boss sensationally QUITS after retail giant had its worst financial year on record
Country Road Group chief executive Raju Vuppalati has stepped down after the retail giant suffered its worst financial year on record. Mr Vuppalati announced on Wednesday he would step down to 'pursue personal interests' in August after four years at the company, the Australian Financial Review reported. Country Road Group owns Country Road, Mimco, Trenery, Witchery and POLITIX. During his tenure, the CEO has chartered rough seas including financial turmoil and controversy over how Country Road executives handled harassment and bullying complaints. More to come.
News.com.au
4 days ago
- Business
- News.com.au
EOFY 2025 Australia: Best early deals on clothing and shoes
Attention, fashion lovers! The end of financial year isn't just about tax returns – it's your chance to score some seriously stylish bargains. And this year, the deals are better than ever. Plus, you don't have to wait until June 30. Many of your favourite brands and retailers are kicking off their sales early, so you can start shopping (and saving) right now. Tommy Hilfiger is slashing 40 per cent off winter essentials, including outerwear, knitwear and sweatshirts. It's the perfect excuse to pick up designer men's and women's fashion styles for less. The ICONIC has launched its massive end of season sale, slashing up to 60 per cent off men's and women's clothing, accessories and more. Update your denim with 30 per cent off the cult Levi's Ribcage Straight Ankle Jeans (now $111.96, from $159.95). The checkout team have dubbed 'ultra flattering' and the 'cool girl jeans of my dreams'. We also have our eye on the Neuw Nico Straight Jeans, which is down to $139.96 from $199.95). Now that the temperature has plummeted, nab yourself a new puffer jacket with a range of Kathmandu puffers dropped to low prices. The 'super warm' Heli Hooded Down Puffer 600 Fill Lightweight Winter Jacket is down to just $79 from $229.98. Country Road's epic end of season sale is on now, with up to 50 per cent off selected styles. Grab some fabulous fashion pieces for women's, men's and kids. And if you're looking for more, we've also spotted some cheeky discounts on Country Road over at The Iconic. If you're after something more affordable, run to Cotton On – they've taken up to 50 per cent off original prices on women's, men's and kids' clothing. Myer has kicked off its epic Stocktake Sale with up to 50 per cent off fashion favourites. This includes women's fashion brands like Levi's, Basque, Piper and more, as well as men's casual clothing. Seed Heritage has also launched a huge clearance sale on women's, men's and kids styles at Myer. And if you feel like shopping more, head on over to our dedicated roundup of all the best early end of financial year sales. Happy shopping! Please note: price are correct and products in stock at time of publishing. We'll do our best to keep this story updated, but be aware products move fast during sales events. BEST EOFY FASHION DEALS TO SHOP RIGHT NOW The Iconic Myer The Oodie eBay Lululemon Country Road Up to 50 per cent off selected styles Cotton On Up to 50 per cent off Calvin Klein Up to 50 per cent off sitewide Witchery Up to 50 per cent off end of season sale Target Australia Up to 30 per cent off selected clothing ASOS 25 per cent off selected styles with code BONUS Lorna Jane Up to 40 per cent off selected styles Bonds Honey Birdette Up to 70 per cent off the lingerie sale CAMILLA Shop the sale event now Strand Up to 50 per cent off sale Up to 50 per cent off leather bags and wallets Up to 40 per cent off Guess Coach Outlet Buy one, extra 20 per cent off Buy two, extra 30 per cent off MARAIS Up to 50 per cent off the end of season sale Bendon Lingerie Buy three and save 30 per cent off Buy two and save 20 per cent off Bendon Outlet Shop half price sale Aje. Up to 40 per cent off sale Aje. Athletica Up to 40 per cent off sale Faithfull The Brand Up to 80 per cent off summer sale St. Agni Shop the sale event now Viktoria & Woods Shop sale now Bassike Shop the sale event now Adidas 40 per cent off the end of season sale, plus an extra 10 per cent off Shop the outlet sale Nike Shop the sale Stylerunner Shop the sale Under Armour Shop outlet sale NET-A-PORTER Up to 50 per cent off sale Manning Cartell Up to 60 per cent off the end of season sale Meshki Shop the sale JAG Up to 60 per cent off sale Kathmandu Up to 50 per cent off winter sale Shop outlet sale Shop women's sale Shop men's sale New Balance Up to 40 per cent off selected styles Shoe Warehouse 30 per cent off boots Ecco Up to 60 per cent off selected styles Sussan Shop end of season sale Puma Shop outlet sale Nala Shop clearance sale Homebodii Shop the outlet sale Ugg Express 20 per cent off in EOFY sale Christopher Esber Up to 50 per cent off end of season sale Chouchou Intimates Shop the sale Calvin Klein Up to 50 per cent off sitewide Dangerfield Up to 70 per cent off in massive garage sale Gorman Up to 40 per cent off winter warmers Princess Highway 20-60 per cent off sale Neuw Denim Shop women's sale Shop men's sale Abrand Jeans Shop women's sale Shop men's sale Rollas MORE END OF FINANCIAL YEAR SALES Best early end of financial year deals Best early end of financial year Apple deals Best early end of financial year laptop deals Best early end of financial year phone deals Best early end of financial year TV deals WHAT IS THE END OF FINANCIAL YEAR? In Australia, the financial year begins on June 1 and ends on June 30 the following year. As June 30 approaches, many businesses will offer exciting discounts to clear old stock before the new financial year begins. Now known as the end of financial year sales, this a time where shoppers can score amazing discounts on must-have items in fashion, beauty, home and tech. WHEN ARE THE END OF FINANCIAL YEAR SALES IN 2024? There's no official start date for the EOFY sales like Click Frenzy or the Black Friday sales, which always falls on the last Friday of November. Typically most major retailers will start to kick off the savings from June 1, but this doesn't stop some from starting early or starting much later, closer to June 30. There's no set run time, and you'll find each retailer does things a little differently. Some will run the sale for the entire month of June, whereas others will pick just a few key days or a week to promote their EOFY sales. Generally speaking, all the sales will be over once June 30 rolls around. Don't forget to sign up to our free shopping newsletter – you'll get it delivered to your inbox every single week.
