August 2023
SurfStitch founder snags $42m from ABN AMRO for sustainable retail biz
Justin Cameron’s new investor joins other high-profile backers KKR’s David Lang, Investible’s Trevor Folsom and Kardinia Capital’s Kristiaan Rehder.
- Carrie LaFrenz
September 2021
SurfStitch investors get paltry return after class action settlement
It has been a painful end for SurfStitch shareholders, many of whom backed the online surf retailer in its public float in 2014, and have lost millions.
- Carrie LaFrenz
December 2020
- Exclusive
- Wealth Generation
How SurfStitch's 'wild ride' inspired a luxury car fund
Lex Pedersen's Chrome Temple Investments has raised $5 million from wholesale investors to launch what it claims is Australia's "first luxury car fund".
- Aleks Vickovich
January 2020
How a not-for-profit is helping retailers deal with excess stock
Thread Together is the partner of choice for retailers struggling to find better homes for millions of tonnes of unsold clothing that would otherwise be dumped.
- Sue Mitchell
November 2019
- Exclusive
- Class action
EziBuy sale throws SurfStitch payout in disarray
The lawyer acting for the plaintiffs in the SurfStitch class action says he was ''left in the dark'' about the recent sale of EziBuy by investment company Alceon Group, and the sale could affect the damages his clients receive.
- Carrie LaFrenz
Noni B's EziBuy deal raises questions for SurfStitch investors
The sale of EziBuy to Noni B has thrown into doubt potential returns to former shareholders of online surfwear retailer SurfStitch.
- Updated
- Sue Mitchell
June 2019
Ginger & Smart sells control to Noni B owner
Upmarket fashion label Ginger & Smart is aiming to boost sales by up to five times after selling a majority interest to private equity-backed Alceon Retail Group.
- Sue Mitchell
February 2019
Noni B investor Alceon partners with Lego Group to open stand-alone Lego stores
Alceon Group has snared the rights to open stand-alone Lego stores under a partnership with the toy brand's Danish owner.
- Updated
- Sue Mitchell
August 2018
Noni B profit rises fivefold after Pretty Girl acquisition
Noni B expects to turn around the loss-making brands it bought from rival Specialty Fashion Group by 2020.
- Updated
- Sue Mitchell
July 2018
Surfstitch investors win access to ASIC interviews with former CEO
Surfstitch investors have won the right to examine transcripts of ASIC interviews of former CEO Justin Cameron.
- Updated
- Sue Mitchell
SurfStitch shareholders press ahead with class action against Justin Cameron
Online retailer SurfStitch may have been "saved" but its co-founder and former CEO is not out of the woods just yet.
- Updated
- Sue Mitchell
Alceon Group eyeing further acquisitions after Specialty Fashion, SurfStitch deals
Alceon Group is eyeing more retail acquisitions after emerging as one of Australia's largest retail investors.
- Updated
- Sue Mitchell
April 2018
SurfStitch creditors back Alceon's EziBuy offer despite last-minute glitch
SurfStitch creditors overwhelmingly approved a rescue plan by Alceon Group's EziBuy despite a last-minute attempt to postpone the decision.
- Updated
- Sue Mitchell
SurfStitch suitor threatens to walk if creditors meeting is postponed
Online retailer Ezibuy threatened to walk away from its rescue offer for SurfStitch if administrators postponed a meeting to decide its future.
- Updated
- Sue Mitchell
March 2018
SurfStitch shareholders, creditors split over rival rescue plans
Despite its troubled past, there's a bitter battle raging over the future of online retailer SurfStitch.
- Updated
- Sue Mitchell
- Exclusive
- Fashion retail
SurfStitch co-founder Justin Cameron takes aim at administrator FTI Consulting
The former co-founder of failed SurfStitch Group is threatening defamation action against the retailer's administrators, FTI Consulting.
- Updated
- Carrie LaFrenz
SurfStitch administrators back Alceon offer, confirm misconduct concerns
Alceon says SurfStitch and EziBuy would be run independently and maintain their cultural identities if creditors approved a deed of company arrangement proposal.
- Updated
- Sue Mitchell
Babcock & Brown alumni fast becoming retail rescue squad
Alceon has emerged as a specialist in retail turnarounds, and is now leading the race to bring SurfStitch out of administration.
- Updated
- James Thomson
January 2018
SurfStitch class action creditors offered shares in rescue proposal
SurfStitch shareholders seeking $100 million in two class action claims could emerge with sizeable equity stakes.
- Updated
- Sue Mitchell
December 2017
SurfStitch CEO Mike Sonand steps down
SurfStitch CEO Mike Sonand has stepped down as administrators of the online retailer have been granted an extension to its convening period to allow suitors to have more time to see Christmas trading figures.
- Updated
- Carrie LaFrenz