Doug Putman

Last updated

Doug Putman
Born
Douglas Robert Putman

(1984-03-25) 25 March 1984 (age 40)
Ancaster, Ontario, Canada
Occupation(s) Retailer in Canada, the United States, the United Kingdom, Ireland and Belgium.
Known for
Board member of
  • Sunrise Records
  • Everest Toys
  • HMV and Fopp
Website https://putmaninvestments.com

Douglas Robert Putman (born 25 March 1984) is a Canadian businessman, predominately trading in the retail sector across North America and Europe. Through his firm, Putman Investments, he owns numerous retail chains involving music, entertainment, toys and home goods.

Contents

Early life

Douglas Putman was born on 25 March 1984 and raised in Ancaster, Ontario. [1] His family owned Everest Toys, which he managed as of 2017. [2]

Career

Canada

In 2010, Putman began working for his family-owned Everest Toys.

In October 2014, Putman acquired Sunrise Records and began opening new locations. [3]

In February 2017, it was announced that Putman had acquired the lease agreements from HMV Canada after it fell into receivership, converting these premises into Sunrise Records stores, massively increasing the number of Sunrise Records locations from 10 to 70. [4] [5]

In October 2020, Putman founded tea shop T.Kettle, rebranding 45 former DavidsTea locations. [6] As of April 2024, only two locations remained open. [7]

In August 2021, Putman announced he would buy Toys "R" Us Canada and Babies "R" Us Canada from Fairfax Financial. [8]

United States

In January 2020, Putman saved entertainment chain FYE from bankruptcy for $10 million USD. [9]

United Kingdom, Ireland and Belgium

On 5 February 2019, a number of HMV and Fopp locations were acquired by Sunrise Records, owned by Putman, for £883,000, saving 100 stores and 1,600 jobs. The company continues to trade under the HMV and Fopp brands. [10] [11] Putman would reopen HMV Ireland in 2023. [12] In August 2023, Putman attempted to save the British home goods retailer Wilko from administration, but was unable to form a rescue deal in time, with the retailer collapsing. [13] In November 2023, HMV expanded into Belgium. [14] In March 2024, Putman expressed interested in rescuing the British cosmetics chain, The Body Shop, from administration. [15]

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References

  1. ↑ McNeil, Mark (3 March 2017). "Ancaster entrepreneur riding the wave of analog at 33 revolutions per minute". The Hamilton Spectator. Retrieved 5 February 2019.
  2. ↑ "Will Sunrise Records avoid costly downtown Toronto?". The South Bayview Bulldog. 28 February 2017. Retrieved 15 May 2022.
  3. ↑ Bliss, Karen (8 February 2019). "Sunrise Records Chief Doug Putman Talks Rescuing UK's HMV Music Chain, Plans to Bring It Profitable". Billboard. Retrieved 24 January 2024.
  4. ↑ "Sunrise Has Plan to Succeed Where HMV Failed: Owner Talks Vinyl Surge, Antsy Suppliers & (More) Expansion". Billboard.com. Retrieved 5 February 2019.
  5. ↑ Bliss, Karen (8 February 2019). "Sunrise Records Chief Doug Putman Talks Rescuing UK's HMV Music Chain, Plans to Bring It Profitable". Billboard. Retrieved 24 January 2024.
  6. ↑ Bolton, Dan (1 December 2020). "T. Kettle Rebrands 45 Former DavidsTea Stores". STiR Coffee and Tea Magazine | Global Business Insight on Coffee and Tea. Retrieved 24 January 2024.
  7. ↑ "T. Kettle Locations". 9 April 2024.
  8. ↑ "Putman Investments to Purchase Toys'R'Us and Babies'R'Us Canada". www.businesswire.com. 19 August 2021. Retrieved 21 August 2021.
  9. ↑ Nazir, Sahar (24 January 2020). "HMV owner Doug Putman bags US music & film retailer for £7.6m - Retail Gazette". www.retailgazette.co.uk. Retrieved 24 January 2024.
  10. ↑ "HMV chain saved but some stores will close". Bbc.co.uk. 5 February 2019. Retrieved 5 February 2019.
  11. ↑ https://trademarks.ipo.gov.uk/ipo-tmcase/page/History/1/UK00002460933.{{cite web}}: Missing or empty |title= (help)
  12. ↑ "HMV opens first store in Dublin in a decade". BreakingNews.ie. 28 June 2023. Retrieved 26 January 2024.
  13. ↑ Butler, Sarah (25 August 2023). "HMV owner makes last-ditch bid to rescue Wilko". The Guardian. ISSN   0261-3077 . Retrieved 24 January 2024.
  14. ↑ "[In the picture] HMV opens first store in Belgium". RetailDetail EU. 23 November 2023. Retrieved 26 January 2024.
  15. ↑ Goldfingle, Gemma (11 March 2024). "HMV owner mulls The Body Shop bid as US and Canada arms collapse - Retail Gazette" . Retrieved 11 March 2024.
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