Mark Teperson, the new boss of Baby Bunting, says he has a clear plan to return the nation’s largest baby goods retailer to profitable growth and aims to leverage the relationship with its latest backer – HMC Capital – to set up shops in prime locations.
Baby Bunting has about 10 per cent market share in Australia’s $6.3 billion baby products market, with strength in car seats and furniture. HMC is a landlord and property manager for big-box retailers.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
