Brett Blundy
Overview
- Source of Wealth
- Retail, agribusiness
- Industry
- Fashion & Retail
- Residence
- Paradise Island
- Marital Status
- Married
- Children
- 2
Assets
- Accent Group Ltd0 shares @ --AX1-AU
- Lovisa Holdings43,207,000 shares @ --LOV-AU
- Queens Road Capital7,797,000 shares @ --QRC-CA
- Victoria's Secret & Company10,310,000 shares @ --VSXY-US
Biography
Brett Blundy is the founder of BBRC, a private investment company which has expanded from its retail roots into property, fund management, agriculture and technology.
He sold some property and retail interests in three IPOs. He's now building a beef cattle empire in northern Australia to feed Asian demand.
He has joined with cattle-station owners in Australia's Northern Territory to fund water supply, enabling properties to carry larger herds.
Fast fashion jewelry retailer Lovisa, which he cofounded in 2010 and boasts 900 stores worldwide, is embroiled in a lawsuit amid allegations of underpayment of staff dating back to 2019.
In 2021 Blundy sold key assets, including property fund Aventus, the listed Universal Store as well as the unlisted lingerie chain Honey Birdette to the Playboy Group.
About
Blundy's interest in business started early. He grew up on a small farm near Melbourne where he and his four siblings would pick mushrooms to sell from a roadside stall for five cents a pound.
His career dream was to be a pilot, but that was thwarted when he failed the final year of school.
At age 20, Blundy bought a run-down record store in a suburb called Packenham with a friend. The business failed, and they had to take on day jobs to support it.