Country Road’s decision to acquire the Witchery Group has helped beef up the company’s results for the first half year.
The year started with Australasian comparable sales up 13.5 per cent on the prior year.
Country Road has bought Witchery for $172 million from Gresham Private Equity while Howard Goldberg, the current CEO of Country Road, steps down.
The retailer will launch into South Africa with womenswear apparel and accessories and the same collection will be available in South Africa as in Australia.
Country Road, Witchery, Rodd & Gunn, Max are just some that have opened at the centre today and will help bring the total number of retailers to 126.
Many Australian retailers are taking their trade online and making thousands of dollars a month.