Lament and hope as two foreign retail brands call it quits
What does it mean for the Davids of retail when even the Goliaths can trip up?
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IT started innocently enough.
My editor had spotted an ad in the papers that said Jones the Grocer (JTG) was putting its stores up for sale. What followed was unexpected: With little prodding required, the seemingly successful Aussie gourmet food chain rapidly unravelled into layers of long-hidden issues in my hands. It took three days of calls and follow-ups to digest all the shards.
What a pity, was the reaction I received most often after the story had gone viral. Everyone from colleagues and former classmates to CEOs and top legal eagles had a personal memory to relate on how they'd spent many a weekend languishing over brunch or toting home hard-to-find imported chocolates and premium cheeses from JTG. It was a brand that almost everyone was familiar with.
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