Jan Cameron
| Jan Cameron | |
|---|---|
| Born | 1951/1952 (age 64–65) Melbourne, Australia |
| Residence | Bicheno, Tasmania, Australia |
| Occupation | Owner of Retail Adventures Retired founder of Kathmandu |
| Net worth | A$318 million |
| Spouse(s) | Bernie Wicht (divorced) |
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 Britain, New Zealand and Australia. She is a philanthropist and supporter of animal welfare.
In 2006, Cameron sold 51% of her share of Kathmandu for $247 million Australian dollars, making her the fourth richest woman in Australia. 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.
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. Their case and following appeal was dismissed. 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.
She also owns stakes in several other major retail companies; she owns 9% of Pumpkin Patch, an unknown percentage of Macpac, and 19% of the Postie Plus Group. 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. 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.
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