Latest news with #CountryRoadGroup
West Australian
5 days ago
- Business
- West Australian
Country Road Chief executive Raju Vuppalapati announces resignation 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.
West Australian
5 days 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 days 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.
Daily Mail
6 days 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.
