Jan Cameron

This article is about the Australian business woman. For the Australian swimmer and coach, see Jan Cameron (coach).
Jan Cameron
Born 1951/1952 (age 63–64)[1]
Melbourne, Australia
Residence Bicheno, Tasmania, Australia
Occupation Owner of Retail Adventures[2]
Retired founder of Kathmandu
Net worth A$318 million
Spouse(s) Bernie Wicht (divorced)[3]

Jan Cameron, CNZM is a businesswoman and formerly Australia's fourth richest woman. She made her fortune as the founder of the Kathmandu clothing and outdoor equipment company. She currently lives in Bicheno, Tasmania. She runs various companies and business interests, which together span the Britain, New Zealand and Australia. She is a philanthropist and avid supporter of animal rights.[4]

In 2006, Cameron sold 51% of her share of Kathmandu for $247 million Australian dollars,[1] making her the fourth richest woman in Australia.[5] It was reported in September 2013 she had lost almost 90% of her fortune in the collapse of her company Retail Adventures, which entered receivership earlier that year.[6]

Companies

Cameron was the sole shareholder of Retail Adventures, when it was placed into receivership in 2012 with debts to unsecured creditors of $165 million. In early 2013 she successfully bid to buy the company out of receivership for $58.9 million.

Bentham IMF litigation funders gave notice in March 2013 of a possible class action lawsuit and is seeking a public examination of whether the company traded insolvent prior to receivership. Bentham IMF also raised questions about "director related payments" shortly before the company went into administration and the status of secured debts owed by Retail Adventures to entities related to Cameron.[7] Their case and following appeal was dismissed.[8] On 3 July 2014, it was reported mediation between her and liquidators of Retail Adventures, Deloitte, had broken down and the firm would be pursuing a public examination of the conditions surrounding the collapse of Retail Adventures. including alleged insolvent trading.[9]

She also owns stakes in several other major retail companies; she owns 9% of Pumpkin Patch,[10] an unknown percentage of Macpac,[11] and 19% of the Postie Plus Group.[12] In 2008 she purchased the Arbuckles manchester chain off struggling Postie Plus for an undisclosed sum in June 2008, later liquidating the business in August that year so she could use the locations to open her Dog's Breakfast furniture company.[13][14] Dog's Breakfast was shut down in 2010, with some stores converted to NOOD (New Objects of Desire), also a furniture retail company owned by Cameron, some to Chickenfeed stores – which itself later shut down – and some not replaced.[15]

It was reported in June 2014 Jan Cameron was the major backer of baby-food company Bellamy's Organic, which will begin its IPO on the ASX in July, estimated to be worth 100 million.[16]

In 2016 Cameron placed a $280 million bid for Australia's oldest and largest dairy, Van Diemen's Land Company dairy. Federal Treasurer Scott Morrison, citing "national interest", instead sold the dairy to Moon Lake Investments, a Chinese company. Another failed bidder for the dairy, TasFoods, was awarded $1.25 million in damages from Van Diemen's Land Company for breach of contract in regards to the sale. Cameron later stated that Morrison had "betrayed the future of Australians" as the sale was the latest during a public debate over foreign ownership of Australia's most fertile land.[17][18]

Kathmandu

Cameron founded the Kathmandu adventure wear company alongside John Pawson in 1987 after selling Alp Sports, her first company. She started in the early 1970s by sewing sleeping bags to sell in Alp Sports,[19][20] before she and her ex-husband bought half of Kathmandu and changed to selling Chinese-produced products. In 1991 Kathmandu brought back Alp Sports, therefore expanding Kathmandu into New Zealand, and then in 1994 John Pawson was bought out by Cameron and her ex-husband Bernard Wicht, leaving Wicht and Cameron as the sole owners of Kathmandu. Two years later in 1996, Cameron bought out her ex-husband's share of Kathmandu.[21]

In 2006 she sold 51% of her share in Kathmandu to a private equity firm for $247 million Australian dollars, and several months later she sold her remaining 49% of the company.[22]

Philanthropy

Cameron is a philanthropist and stout supporter of animal rights and various charities. In 2010 she founded the Animal Justice Fund, donating five million dollars to start the organisation,[23] which states its mission as "to promote the cause of animal welfare through strategic litigation, public awareness campaigns and the prosecution of persons or businesses who commit offences against animals used in intensive farming or through commercial and/or recreational practices."[24]

The following year, in May 2011, Cameron donated 60 acres on the Freycinet Peninsula to start one of three Devil Islands; safe havens for Tasmanian devil breeding populations to be isolated from populations infected with the devil facial tumour disease.[25] She has also supported Brightside Animal Sanctuary, an animal sanctuary in Cygnet, Tasmania, through the Elsie Cameron Fund, for several years.[26] Cameron has also continued to donate profits from all Chickenfeed stores in Tasmania to various charities,[1] for the last two years.

Cameron gained media attention in Tasmania when she and Graeme Wood, founder of Wotif.com purchased the Triabunna native forest woodchip mill,[27] installing former Wilderness Society Executive Director Alec Marr as manager. After the Premier of Tasmania Lara Giddings contacted her, it was agreed that the woodchip mill would continue for 4–5 years, before it is converted into the planned eco-resort. Currently the mill is not in operation.

Honours

In the 2010 Birthday Honours, she was made a Companion of the New Zealand Order of Merit, for services to business and philanthropy.[28] Her investiture by the Governor General of New Zealand took place on 14 April 2011.[29]

References

  1. 1 2 3 Matthew Denholm (29 August 2009). "Kathmandu founder and recluse Jan Cameron refuses to feather own nest". The Australian.
  2. ↑ Allan Swann (23 March 2009). "Jan Cameron buys Aussie Retail Chain". National Business Review.
  3. ↑ "Australian Story: Animal Farm – Transcript". Australian Broadcasting Corporation. 11 October 2010.
  4. ↑ Jo Louise (22 June 2010). "Kathmandu founder Jan Cameron launches Animal Justice Fund". Paws.org.au.
  5. ↑ James Thomson (12 October 2010). "Retail Queen Jan Cameron Reveals She Has Given $35 Million to Charity in Past Four Years". Smartcompany.com.au.
  6. ↑ "Rich Tales: How Jan Cameron lost nearly 90% of her quarter-billion fortune in four years". SmartCompany. 23 September 2013. Retrieved 3 July 2014.
  7. ↑ "Litigation group threat to pursue Cameron". The Age (Melbourne).
  8. ↑ "Retail Adventures Pty Ltd (In Liquidation)". Bentham IMF Australia. Bentham IMF Australia. Retrieved 3 July 2014.
  9. ↑ "Jan Cameron facing scrutiny over alleged insolvent trading of Retail Adventures". The Mercury. 3 July 2014. Retrieved 3 July 2014.
  10. ↑ N/A (22 January 2010). "Wealthy Kathmandu founder buys into kids clothing company". Smartcompany.com.au.
  11. ↑ Michelle Hammond (9 June 2011). "Kathmandu founder invests in smaller rival Macpac". Startupsmarts.com.au.
  12. ↑ Shareinvenstors Editor (14 July 2011). "What is Jan Cameron up to?". Shareinvenstors.
  13. ↑ "Jan Cameron buys Arbuckles". BusinessDay. 10 June 2008. Retrieved 3 July 2014.
  14. ↑ "Arbuckles gone to Dogs". BusinessToday. 12 August 2008. Retrieved 3 July 2014.
  15. ↑ "Retail queen Jan Cameron to shut homewares and furniture chain" (15 November 2010). SmartCompany. Retrieved 3 July 2014.
  16. ↑ "More trouble for Jan Cameron with 50 Retail Adventures stores set to close". SmartCompany. 12 June 2014. Retrieved 15 June 2014.
  17. ↑ O'Connor, Ted (24 February 2016). "VDL sale to foreign buyer a 'betrayal', Kathmandu founder Jan Cameron says". ABC NEWS. Retrieved 27 February 2016.
  18. ↑ Ross, Selina (23 January 2016). "Failed Van Diemens Land dairy buyer TasFoods wins $1.25 million settlement". ABC NEWS. Retrieved 27 February 2016.
  19. ↑ Macfie, Rebecca (22 April 2006). "The mystery queen of Kathmandu". The New Zealand Herald.
  20. ↑ Denholm, Matthew (27 October 2012). "Off the rich list: Jan Cameron not happy". The Australian.
  21. ↑ Lucinda Schmidt (9 July 2010). "Animal Magnestism". Forbes Magazine.
  22. ↑ Lucinda Schmidt (9 July 2001). "Animal Maganetism Page 2". Forbes Magazine.
  23. ↑ Kelly Ryan (22 July 2011). "Jan Cameron Founds Animal Justice Fund". Herald Sun.
  24. ↑ "Animal Justice Fund Homepage". Animal Justice Fund. n.d.
  25. ↑ GGeditor (10 May 2011). "Philanthropist Jan Cameron gives Tassie Devils a new save haven". Girlgerms.com.au.
  26. ↑ Emma Hazwell. "Brightside Animal Sanctuary Supporters". brightside.org.au.
  27. ↑ N/A (14 July 2011). "Triabunna woodchip mill in Tasmania sold to Jan Cameron and Graeme Wood". Adelaide Now.
  28. ↑ Queen's Birthday Honours List 2010. Department of the Prime Minister and Cabinet. Retrieved 3 January 2013.
  29. ↑ "Jan Cameron, Tasmania, CNZM". The Governor General of New Zealand.

External links

This article is issued from Wikipedia - version of the Friday, May 06, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.