The South African owners of Country Road are investigating whether senior managers at the retailer improperly pressured suppliers to meet the company’s earnings forecasts.
The probe is being conducted by Decipher Workplace Law, which has interviewed multiple staff as part of the review. Two sources, speaking on condition of anonymity given the sensitive nature of the review, said it was looking into the treatment of Country Road vendors and those supplying to its Trenery, Mimco, Witchery and Politix brands.
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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
Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
