The Kathmandu founder, Jan Cameron, has taken operational control of Retail Adventures, Australia’s discount chain business she acquired out of receivership nearly three years ago.
"We have reached a pivotal point in the transformation of the Retail Adventures business, and as a result our owner, Jan Cameron, will step into the role of managing director," the company told suppliers in a communique on Thursday.
"Kit Cheong, our chief executive officer, yesterday announced her resignation from the business. Kit leaves us on the best of terms, and will remain with us over the next few months as we transition to new leadership," the company said.
(Source: The Sydney Morning Herald Online)