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Former Steinhoff leader found dead after massive fine levied

Inside Retail

Jooste, aged 63, was charged for making false and misleading Steinhoff’s financial statements between 2014 and 2017, according to the Australian Financial Review (AFR). Steinhoff revealed holes in its accounts in December 2017, the first sign of an accounting fraud that led to the near-collapse of the retailer, Reuters reported.

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JB Hi-Fi taps new execs to its leadership team

Inside Retail

Wells has been Group CFO since 2014, overseeing the finance division and leading the acquisitions of The Good Guys in 2016 and E&S this year. With over 15 years of experience as a chartered accountant, Giansalvo will succeed Wells’ prior post.

Finance 130
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Nordstrom Names Ex-Target and Walmart CFO to Top Financial Post

Retail TouchPoints

Smith brings extensive experience in retail finance posts, including serving as CFO at Walmart from 2010 to 2014 and at Target from 2015 to 2020. At Nordstrom, Smith will be responsible for financial planning and analysis, accounting, tax, internal audit, treasury, investor relations and strategy sourcing.

Finance 319
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Private equity stalks Boost, Betty’s Burgers parent

Inside Retail

Bain invested $185 million to take a controlling interest from founder Janine Ellis in 2014. The Betty’s Burgers part of the business now accounts for 56 per cent of the parent company’s sales, overtaking the original core earner Boost, which accounts for 35 per cent, according to data sourced by The Australian.

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Collins Foods MD and CEO Drew O’Malley resigns

Inside Retail

Meanwhile, Perkins has served as a non-executive director of the company since retiring as CEO in 2014. He has more than 40 years of experience with Collins Foods and is currently the company’s largest shareholder, accounting for 6.16 per cent of its issued capital.

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Dollar General Promotes New President and CFO Following Strong Quarter

Retail TouchPoints

He will add responsibilities for the company’s strategic healthcare initiatives and its international expansion to Mexico to his existing finance, accounting, strategy and procurement functions. Garratt joined Dollar General in 2014 as SVP of Finance and Strategy and has served as EVP and CFO since December 2015.

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Lego Plans $1.4 Billion Sustainability Investment Over Next 3 Years

Retail TouchPoints

They are holding us to account, and we must set ambitious goals and take meaningful and lasting actions to protect their futures.” Lego plans to continue working with suppliers via its Engage-to-Reduce program, established in 2014, to cut emissions.

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