Jan Cameron

Last updated

Jan Cameron
CNZM
Jan Cameron (cropped).jpg
Cameron in 2011
Born1951or1952(age 72–73) [1]
Melbourne, Victoria, Australia
Occupation(s)Owner of Retail Adventures [2]
Retired founder of Kathmandu
SpouseBernie Wicht (divorced) [3]

Jan Cameron CNZM is a New Zealand-Australian 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. [4]

Contents

In 2006, Cameron sold 51% of her share of Kathmandu for A$247 million, [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]

Jan Cameron was charged by the Australian Securities & Investments Commission (ASIC) in 2020 of using an offshore entity to hide control of $14 million in Bellamy's shares. [7] She was found guilty in December 2023, and will be sentenced in 2024. [8]

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. [9] Their case and following appeal was dismissed. [10] 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. [11]

She also owns stakes in several other major retail companies; she owns 9% of Pumpkin Patch, [12] 58% of Macpac, [13] [14] and 19% of the Postie Plus Group. [15] 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. [16] [17] 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. [18]

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 Australian Securities Exchange (ASX) in July, estimated to be worth $100 million. [19] In December 2023, she was convicted for failing to disclose the purchase of shares in Bellamy's in 2014, and for submitting a misleading shareholder notice to the ASX in 2017. She pleaded not guilty to the charges in 2020. [20] She was found guilty in December 2023, and will be sentenced in 2024. [21]

In 2016, Cameron was involved in an unsuccessful bid for Australia's oldest and largest dairy, Van Diemen's Land Company dairy. Federal Treasurer Scott Morrison, citing national interest, permitted its sale to Moon Lake Investments, a Chinese company, for A$ 280 million. 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. [22] [23]

In April 2023, Tribe Noteholders, a group of convertible noteholders which included Cameron, took ownership of craft beer company Tribe Brewing, which went in administration in February that year. [24] [25]

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, [26] [27] 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. [28]

In 2006 she sold 51% of her share in Kathmandu to a private equity firm for A$247 million, and several months later she sold her remaining 49% of the company. [29]

Philanthropy

Cameron is a philanthropist and supporter of animal welfare and various charities. In 2010 she founded the Animal Justice Fund, donating five million dollars to start the organisation, [30] 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." [31]

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. [32] She has also supported Brightside Animal Sanctuary, an animal sanctuary in Cygnet, Tasmania, through the Elsie Cameron Fund, for several years. [33] 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 in 2011 from Gunns, [34] [35] 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 to 5 years, before it is converted into the planned eco-resort.[ citation needed ] Currently, the mill is not in operation.

Honours

In the 2010 Queen's Birthday Honours, Cameron was appointed a Companion of the New Zealand Order of Merit, for services to business and philanthropy. [36] Her investiture by the Governor-General of New Zealand took place on 14 April 2011. [37]

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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. ↑ "Animal Farm – Transcript". Australian Story. 11 October 2010.
  4. ↑ Jo Louise (22 June 2010). "Kathmandu founder Jan Cameron launches Animal Justice Fund". Paws.org.au. Archived from the original on 10 November 2010.
  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. Archived from the original on 15 October 2010. Retrieved 16 October 2010.
  6. ↑ Robin, Myriam (23 September 2013). "Rich Tales: How Jan Cameron lost nearly 90% of her quarter-billion fortune in four years". SmartCompany. Archived from the original on 14 July 2014. Retrieved 3 July 2014.
  7. ↑ "Former Bellamy's director Jan Cameron charged after ASIC investigation". ABC News. 14 February 2020. Retrieved 14 February 2020.
  8. ↑ "Kathmandu founder Jan Cameron guilty of using offshore entity to hide control of $14m in Bellamy's shares". ABC News. 23 December 2023. Retrieved 23 December 2023.
  9. ↑ "Litigation group threat to pursue Cameron". The Age. Melbourne.
  10. ↑ "Retail Adventures Pty Ltd (In Liquidation)". Bentham IMF Australia. Retrieved 3 July 2014.
  11. ↑ "Jan Cameron facing scrutiny over alleged insolvent trading of Retail Adventures". The Mercury. 3 July 2014. Retrieved 3 July 2014.
  12. ↑ N/A (22 January 2010). "Wealthy Kathmandu founder buys into kids clothing company". Smartcompany.com.au.
  13. ↑ Michelle Hammond (9 June 2011). "Kathmandu founder invests in smaller rival Macpac". Startupsmarts.com.au.
  14. ↑ "Opportunities in Macpac sale". New Zealand Herald . 3 November 2015. ISSN   1170-0777 . Retrieved 4 June 2019.
  15. ↑ "What is Jan Cameron up to?". Shareinvenstors. 14 July 2011.
  16. ↑ "Jan Cameron buys Arbuckles". BusinessDay. 10 June 2008. Retrieved 3 July 2014.
  17. ↑ "Arbuckles gone to Dogs". BusinessToday. 12 August 2008. Retrieved 3 July 2014.
  18. ↑ "Retail queen Jan Cameron to shut homewares and furniture chain". No. 15 November 2010. SmartCompany. Archived from the original on 14 July 2014. Retrieved 3 July 2014.
  19. ↑ "More trouble for Jan Cameron with 50 Retail Adventures stores set to close". SmartCompany. 12 June 2014. Archived from the original on 15 July 2014. Retrieved 15 June 2014.
  20. ↑ Langenberg, Adam (15 December 2023). "Kathmandu founder Jan Cameron guilty of using offshore entity to hide control of $14m in Bellamy's shares". ABC News.
  21. ↑ "Kathmandu founder Jan Cameron guilty of using offshore entity to hide control of $14m in Bellamy's shares". ABC News. 23 December 2023. Retrieved 23 December 2023.
  22. ↑ O'Connor, Ted (24 February 2016). "VDL sale to foreign buyer a 'betrayal', Kathmandu founder Jan Cameron says". ABC News. Retrieved 27 February 2016.
  23. ↑ Ross, Selina (23 January 2016). "Failed Van Diemens Land dairy buyer TasFoods wins $1.25 million settlement". ABC News. Retrieved 27 February 2016.
  24. ↑ Evans, Simon (4 April 2023). "Big haircut for Tribe Brewing creditors, new owners to take control". Australian Financial Review . Retrieved 6 April 2023.
  25. ↑ Evans, Simon (28 February 2023). "Craft beer group Tribe Breweries goes bust as costs jump". Australian Financial Review. Retrieved 6 April 2023.
  26. ↑ Macfie, Rebecca (22 April 2006). "The mystery queen of Kathmandu". New Zealand Herald.
  27. ↑ Denholm, Matthew (27 October 2012). "Off the rich list: Jan Cameron not happy". The Australian.
  28. ↑ Lucinda Schmidt (9 July 2010). "Animal Magnestism". Forbes Magazine.
  29. ↑ Lucinda Schmidt (9 July 2001). "Animal Maganetism Page 2". Forbes Magazine. Archived from the original on 6 August 2010.
  30. ↑ Kelly Ryan (22 July 2011). "Jan Cameron Founds Animal Justice Fund". Herald Sun.
  31. ↑ "Animal Justice Fund Homepage". Animal Justice Fund. n.d. Archived from the original on 22 April 2011. Retrieved 16 October 2010.
  32. ↑ GGeditor (10 May 2011). "Philanthropist Jan Cameron gives Tassie Devils a new save haven". Girlgerms.com.au. Archived from the original on 23 July 2012.
  33. ↑ Emma Hazwell. "Brightside Animal Sanctuary Supporters". brightside.org.au.
  34. ↑ N/A (14 July 2011). "Triabunna woodchip mill in Tasmania sold to Jan Cameron and Graeme Wood". Adelaide Now.[ dead link ]
  35. ↑ Denholm, Matthew (14 July 2011). "Jan Cameron, Graeme Wood Tasmanian Triabunna woodchip mill deal on native forests". The Australian – via news.com.au.
  36. ↑ "Queen's Birthday honours list 2010". Department of the Prime Minister and Cabinet. 7 June 2010. Retrieved 10 October 2018.
  37. ↑ "Jan Cameron, Tasmania, CNZM". The Governor General of New Zealand. Archived from the original on 3 June 2012. Retrieved 8 November 2011.
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