Latest news with #UniversalStore
Time of India
3 hours ago
- Business
- Time of India
Universal Store co-founder, Australian CEO stabbed to death at house party, 15-year-old boy arrested
An Australian CEO was stabbed to death at his mansion at the Brisbane suburb of Clayfield Thursday night at the house party that he hosted. A 15-year-old boy was one of the attendees of the party war arrested and charged with murder. Tired of too many ads? go ad free now 59-year-old Greg Josephson, who co-founded youth clothing company Universal Store with his brother Miceal in 1999, was hosting the gathering of around 30 teenagers at his house. According to reports, Josephson and the alleged killer got into an altercation at the party and the teen grabbed a household item to stab Josephson. When the Queensland Police arrived at Josephson's house, the CEO was alive but critically wounded. He was later pronounced dead at the scene. The alleged killer was captured two blocks south of Josephson's home. Detectives were working to determine the circumstances of his death, confirming they had located the alleged weapon used, but would not elaborate on other details, local reports claimed. The responding officers described the murder scene as chaotic, the reports added. 'It was a confusing situation because it was a party, obviously, and when police turn up at a party it was confusing until obviously all persons present understood what was going on and why police were there,' Detective acting superintendent Craig Williams told Brisbane Times. A triple-zero call had been made to police, Williams said, but whether the call came from inside the home was still being investigated. Josephson founded the Universal Store in 1999 with his brother Michael, with the first store opening in Carindale in Brisbane's eastern suburbs. The brothers no longer own the company, having sold it for $100 million in 2018. As of December, there were more than 80 Universal Store shopfronts across Australia. Josephson was most recently the chief executive of Josephson Holdings, and previously held roles at Westfield and Lendlease.
NDTV
4 hours ago
- Business
- NDTV
Australian CEO, 58, Stabbed To Death During House Party, 15-Year-Old Arrested
A 58-year-old Australian CEO has died after allegedly being stabbed by a 15-year-old during a house party in Brisbane. According to The Guardian, Greg Josephson, the co-founder of clothing company Universal Store, was hosting a house party with around 30 teenagers when he was found dead at his mansion on Thursday. A 15-year-old boy, who was known to the entrepreneur, was arrested near the home and was later charged with one count of murder. Mr Josephson co-founded the youth-focused Universal Store clothing company with his brother, Michael, in 1999. Officers responded to a call on Thursday evening and arrived at the residence hosting a party with around 30 teenagers present. At the scene, cops found the entrepreneur's body inside, but most of the teens were unaware of what had happened, officials said. The 15-year-old was then located on a nearby street, police allege. "At this stage, the initial investigation indicates that no other persons were involved other than the 15-year-old boy," Det Acting Supt Craig Williams said, per The Guardian. Mr Williams confirmed that police had also located the alleged weapon. The boy was questioned and was later charged with one count of murder and refused police bail, officials said. According to the New York Post, Mr Josephson knew his alleged killer before the two got into an altercation. The teen allegedly grabbed a household item to stab the 58-year-old. "It's distressing for the family. It's distressing for the community and for ... innocent people who are at the house who have nothing to do with it, so all possible support's being offered to those people," Mr Williams said. In a statement, a Universal Store spokesperson confirmed the death of its co-founder. We wanted to share the sad news that Greg Josephson, who founded our company and played a significant role until 2018, has recently passed away," a statement said, per the outlet. "Our sincere thoughts and condolences are with his family at this very sad time," the statement added. Mr Josephson sold Universal Store in 2018 for a reported $100 million. According to his LinkedIn profile, he had been the chief executive of Josephson Holdings since 2018.
New York Post
5 hours ago
- Business
- New York Post
Australian CEO Greg Josephson stabbed to death during party at mansion, 15-year-old boy arrested
An Australian CEO was stabbed to death during a house party at his luxurious mansion on Thursday night as police charged a 15-year-old boy with murder. Greg Josephson, who co-founded youth clothing company Universal Store with his brother Michael in 1999, was hosting the large gathering of approximately 30 teenagers at his house in the Brisbane suburb of Clayfield, according to police and multiple reports. Josephson knew his alleged killer before the two got into an altercation at around 8:15 p.m., Queensland Police said, without naming the businessman and suspect. Advertisement 4 Universal Store CEO Greg Josephson was fatally stabbed at his home in Australia on June 26, 2025. The teen allegedly grabbed a household item to stab Josephson. Police arrived at Josephson's home to find the 58-year-old executive critically wounded. He was later pronounced dead at the scene. Advertisement Authorities captured the teen two blocks south of Josephson's home. He was questioned and later charged with murder. The unidentified teen was held without bail. He was scheduled to appear in Brisbane Children's Court on Friday morning. Advertisement 4 Police conduct investigations at Brisbane-suburb home of Josephson after the fatal stabbing. 9News Josephson purchased the six bedrooms, six bathrooms, three story home for $1.25 million in 2016. The Clayfield enclave is worth an estimated $3.2 million following a 2022 renovation to make his abode feel like 'five-star home,' according to 7News. Josephson had recently put the home on the market as he had planned to move his family two hours north to Noosa. Advertisement 'We're sad to sell but we're relocating to Noosa where we have a house and business interests. But we're proud that we went all out to create a once in a lifetime forever home, and that's what's on offer for someone now,' he said 4 A Universal Store in Perth. Samuel Wiki Universal Store specializes in trend-led clothing for men and women targeting ages 15 to 34, according to the website. Since the 2018 sale Mr Josephson has been chief executive of Josephson Holdings Pty Ltd, according to his LinkedIn, but appears to have kept a relatively low public profile. 'Before I set out to open Universal Store here I went overseas to look at the UK and USA, particularly California, looking at the retail concepts there and then saw what was relevant in Australia,' Josephson said. The company announced Josephson's death in a statement obtained by 9News. 'We wanted to share the sad news that Greg Josephson, who founded our company and played a significant role until 2018, has recently passed away. 4 Police charged the teen with murder. 9News Advertisement Neighbors were left in shock over the high-profile killing, saying the party was very quiet before the stabbing. 'It was extremely quiet, I wouldn't have even known there was a party going on last night,' one neighbor told the Courier Mail. 'There was some sort of altercation that resulted in this 58-year-old male tragically losing his life,' Queensland Police Acting Assistant Commissioner Rhys Wildman said. Advertisement 'It's not a case of carrying knives, it's unfortunately allotted in a home,' he added. A new law was enacted in September 2024 banning minors from purchasing knives in the Australian state of Queensland. With Post wires
Daily Mail
9 hours ago
- Business
- Daily Mail
Inside the astonishing story of the CEO allegedly killed by a 15-year-old boy - as one of his final acts before his untimely death is revealed
Multi-millionaire entrepreneur and Universal Store co-founder Greg Josephson had put his sprawling Brisbane mansion on the market just weeks before he was allegedly stabbed to death during a house party at the three-storey home. A 15-year-old boy has been charged with one count of murder after Mr Josephson was found critically injured at the gathering attended by 30 teenagers on Thursday. Officers arrived at the six-bedroom 1930s Art Deco mansion in Clayfield, in the city's inner north, just after 8.15pm and found the CEO unresponsive in an upstairs room. The Oriel Road property, which boasts a swimming pool and two car spaces, had been on the market for just 43 days when tragedy struck. Mr Josephson and his wife Tamra bought the home for $1.91million in 2016, which nine years ago was above today's median house price of $1.88million for Clayfield. The couple embarked on a major renovation, with Mr Josephson explaining at the time how they had planned to 'create a huge garage with a tennis court above it'. 'We were looking for a big family home and this was in very original condition,' he told the Courier Mail earlier this month. The home is listed for sale under Tamra's name along with a neighbouring home on Stafford Street. For almost two decades, Mr Josephson was the director of the Brisbane-based company he had established with his brother Michael in November 1999. This followed a career as a leasing manager with shopping mall and commercial office space owners Westfield, Lendlease and Jones Lang LaSalle. From one store in Carindale, Universal Store has grown to 80 outlets in every state and territory of Australia, as a leader in youth and streetwear fashion with an annual revenue of more than $288million The company is now valued at $573.104 million on the Australian share market. The Josephson brothers sold the business for $100million in September 2018 to private equity investors Five V Capital, Catalyst Direct Capital Management and BBRC Worldwide, which had previously invested in Bras N Things. Universal Store Holdings was listed on the Australian Securities Exchange in November 2020 and the brand has continued to grow since the Josephson brothers relinquished control almost seven years ago. It delivered a net profit after tax of $34.3million during the 2023-24 financial year, marking a healthy 45.7 per cent increase. Greg became the chief executive of Josephson Holdings in November 2018 and used his post-retail career to run a bed-and-breakfast and café on the Sunshine Coast. He expanded his hospitality interests in 2021, buying the Noosa Reef Hotel in the ritziest part of the Sunshine Coast for $13.9million. Greg Josephson's love of retail began after he graduated from Griffith University in 1987 with a Bachelor of Commerce majoring in marketing. At age 20, he became a leasing executive with Jones Lang LaSalle, before moving to Lendlease in 1991 and Westfield in 1995. He expanded his hospitality interests in 2021, buying the Noosa Reef Hotel in the ritziest part of the Sunshine Coast for $13.9million. Mr Josephson's love of retail began after he graduated from Griffith University in 1987 with a Bachelor of Commerce majoring in marketing. At age 20, he became a leasing executive with Jones Lang LaSalle, before moving to Lendlease in 1991 and Westfield in 1995. Acting Assistant Commissioner Rhys Wildman said an altercation took place between the 15-year-old and the father-of-three, who are believed to be known to each other. 'There was some sort of altercation that's resulted in this 58-year-old male tragically, losing his life,' he told The Courier Mail. 'It's not a case of carrying knives, it's unfortunately allotted in a home. 'Police are not looking for any other party, so it was an individual, the 15-year-old is the sole offender that we believe was involved in this incident. 'The guests at the party were not involved in the incident as it unfolded.' Officers found the 15-year-old boy near the property, on Barlow Street, and took him into custody. He was refused police bail and has been taken to hospital.
Sky News AU
13 hours ago
- Business
- Sky News AU
Universal Store co-founder killed in alleged stabbing attack in Brisbane
The man allegedly murdered in a stabbing attack by a teenager in Brisbane's upmarket northern suburbs has been identified as the founder of a major Australian clothing retail chain, Universal Store.
