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Lovisa was established in April 2010 and has quickly grown to be one of Australia’s leading specialist fast fashion jewellery retailers. It has over 600 stores across Australia, New Zealand, Singapore, Malaysia, Hong Kong, South Africa, Namibia, France, Poland, Canada, the US, the UK, Austria, Belgium, Germany, Luxembourg, Netherlands and Switzerland and franchised stores in the Middle East (Kuwait, the United Arab Emirates, Saudi Arabia, Oman, Bahrain and Qatar).
Lovisa strives to be at the forefront of the fast fashion retail industry and pursuant to this mission, has developed a model that ensures trends are quickly identified and its target customers are provided with a broad, quality product range.
Lovisa has developed a vertically integrated business model, through which it develops, designs, sources and merchandises 100% of its Lovisa branded products.
Lovisa was founded by its Managing Director, Shane Fallscheer, and BB Retail Capital, an investment company established by successful retail entrepreneur Brett Blundy. It opened its first store in Chermside, Queensland in April 2010 and soon after began its international expansion with the opening of its first store in New Zealand (June 2010). On the anniversary of its first year of operations, Lovisa opened its 51st store. It entered South Africa in December 2011, Singapore and Malaysia in July 2012, the United Kingdom in December 2015, Spain in June 2017, the USA in November 2017 and France in February 2018. The company launched its strategic franchise expansion with entry in to the United Arab Emirates in November 2013 and opened its first stores in Saudi Arabia and Kuwait in June and July 2014 respectively. It followed up with Oman in November 2015, Vietnam in July 2016 and Bahrain in November 2016.
BOARD
MICHAEL KAY
Independent Non-Executive Director & Chairman
A qualified lawyer, Michael Kay brings a wealth of commercial experience to Lovisa. Michael was CEO and Managing Director of listed salary packaging business McMillan Shakespeare, a position he held for six years. Previously, Michael was CEO of national insurer AAMI after serving in a variety of senior roles with that firm. Prior to joining AAMI, he spent 12 years in private legal practice. Michael is Chairman of ASX listed litigation funder, IMF Bentham Ltd (ASX : IMF) and is Chairman of Apply Direct Ltd (ASX : AD1). Michael has also been a non-executive Director of Quintis Limited (ASX : QIN) since February 2015 and is a non-executive Director of Royal Automotive Club Insurance (WA). Michael holds a Bachelor of Laws from The University of Sydney.
SHANE FALLSCHEER
Managing Director
Shane Fallscheer is the Managing Director and founder of Lovisa. He
has 32 years of experience in retailing operations across Australia,
UK and US markets. He was previously in senior management roles
with retailers including: General Manager, Sanity Australia; Chief
Executive Officer, Sanity UK; Chief Executive Officer, Diva; and
Global Retail Chairman and Chief Operating Officer, Rip Curl USA.
JAMES KING
Independent Non-Executive Director
James King has over 31 years’ experience as a Director and a Senior Executive in major multinational corporations in Australia and internationally. He was previously with Foster’s Group Limited as Managing Director Carlton & United Breweries and Managing Director Foster’s Asia. Prior to joining Foster’s, he spent six years in Hong Kong as President of Kraft Foods (Asia Pacific). He is currently Chairman of Dutt Industries Pty Ltd and is a member of Global Coaching Partnership. Previously he was a Director of ASX listed JB Hi-Fi Ltd, Trust Company Ltd, Navitas Ltd, Pacific Brands Ltd and Tattersalls Ltd. He also served as a member of the Council of Xavier College and Chairman of Juvenile Diabetes Research Foundation (Victoria). Jim holds a Bachelor of Commerce from
University of New South Wales and is a Fellow of the Australian
Institute of Company Directors.
TRACEY BLUNDY
Non-Executive Director
Tracey joined BB Retail Capital in 1981 and is a nominated representative of BB Retail Capital on the Board of Lovisa. Tracey has held a number of senior executive positions across BB Retail Capital’s brands, including Chief Executive Officer of Sanity Entertainment and Bras n Things. She is a Board-level advisor across the BB Retail Capital portfolio bringing in-depth knowledge and expertise on retail operations and roll-out strategy. Tracey was a founding shareholder of Lovisa in 2010, and has since been a senior advisor to the Company’s management team. Tracey is currently a Director of BB Retail Capital Pty Limited and BB Retail Property Pty Limited.
JOHN ARMSTRONG
Independent Non-Executive Director
John has more than 30 years’ experience in various financial and commercial management roles and brings significant financial experience to the Board. His most recent executive role was at SEEK Limited, an ASX 50 listed leading recruitment and education provider, where he was the Chief Financial Officer
for over 12 years. John’s focus was on SEEK’s Asian operations and investments, including directorships of SEEK’s business in China, Zhaopin Ltd (a US listed company), and SEEK Asia, which operates across South East Asia. Prior to SEEK, he held financial management roles at Carlton & United Breweries and commenced his career at Ernst & Young. John is a Non-Executive Director of Blackmores Limited and was previously a Non-Executive Director of Melbourne IT and iProperty Group Ltd.
SEI GIN ALT
Independent Non-Executive Director
EXECUTIVE
CHRIS LAUDER
Chief Financial Officer
Chris brings over 20 years’ experience in senior finance roles in prominent Australian companies, most recently as Group General Manager Finance at listed department store retailer Myer Holdings Limited (ASX: MYR), where he spent 10 years in various finance roles. Prior to that, Chris spent a number of years at Telstra Corporation Limited, Australia’s largest telecommunications provider (ASX: TLS), after beginning his career at accounting and advisory firm KPMG.
Chris’ experience cuts across all areas of financial management and includes treasury management, equity capital markets, mergers and acquisitions, risk management, and ASX governance.
Chris is a member of the Institute of Chartered Accountants in Australia and New Zealand.
ANDREA HAYNES
Head of Product
