Load
Before the appointment of Faraguna, Best & Less announced in April 2023 that the former iconic boss of Erica Bergankan would join as the executive chief who entered.
But in May, Itaoui and Blundy had made an offer to take a discount fashion retailer.
At the end of June, a few months before Beringold will begin in September, Best & Less said it and Berkinkan “agreed not to continue his appointment” and that itaoui instead would bear the responsibility.
In July 2023, Itaoui and Blundy abolished the Best & Less from ASX, privatizing the company two years after floating.
“I know some director, it is a company registered in public. I think, okay, I will go for this,” Berkhtold told Australian businessman Mark Bouris in his podcast episode which August 2023, Mentor.
“I resigned, I quit my job, I registered. I am not allowed to start directly [and] It’s okay, I really want to do the right thing with the icon and see my notification period, “Berkhtold told Bouris.
“During the notification period … the company was purchased, privatized and actually the role I wanted, the role I registered, would no longer be the role that was there.
Load
Itaoui has Best & Less with Brett Blundy, who also established a lovisa and has 40 percent of shares in Dissh.
A Best & Less spokesman refused to respond to further questions and said Itaoui was not available for interviews.
Within 12 months to 30 June 2024, clothing and household retailers’ sales fell 2.2 percent to $ 625.1 million, but net profit was almost doubled to $ 17.5 million from $ 9.1 million in 2023, according to the latest company financial statements submitted to the company regulator.
Newsletter Business Briefing provides the main story, exclusive coverage, and expert opinions. Register to get it every working morning.
