Defines us. One can look no further than the BBRC 10+1 Cultural Commitments to understand how BBRC operates and behaves. The 10+1 has been a bedrock for BBRC since Day 1, and has proventime and again, that a great culture is the essential ingredient to long-term success.Investment
Of successfully creating, growing and investing in businesses
BBRCs success has been rooted in a culture of continuous improvement. We have never arrived.
Since the creation of the first record store, BBRC has been laser focused on serving customers. It is at the centre of everything we do. This focus has led BBRC to create, grow and invest in a variety of consumer businesses spanning lingerie, fashion jewellery, homewares, and footwear categories. While our story began with retail, BBRC is fundamentally opportunistic and our portfolio today consists of many non-consumer focused investments.
We have a strong bias towards action and a deep-seated drive to continuously improve. Success comes through our efforts as a team, where everyone is encouraged to contribute ideas and take ownership of outcomes.
Defines us. One can look no further than the BBRC 10+1 Cultural Commitments to understand how BBRC operates and behaves. The 10+1 has been a bedrock for BBRC since Day 1, and has proventime and again, that a great culture is the essential ingredient to long-term success.10+1 commitments
Customer focus, policies and procedures
Accent Group started in 1988, as a wholesale distributor based in New Zealand. Since then, Accent has had an incredible journey and fantastic growth. Today Accent is a public company (ASX: AX1) with over 800 stores, 25 brands and over 35 online platforms. BBRC invested $100m AUD in 2017, and today retains a nearly 15% stake along with serving on the Board.
Lovisa is a fashion-forward jewellery brand that caters to woman around the world, with 150 new styles being delivered to stores globally each week. BBRC partnered with Shane Fallscheer in 2010 to establish Lovisa, and the company was publicly listed in 2014. Lovis is now present in over 35 countries globally with over 800 stores. Brett Blundy is Chairman of the Board (ASX: LOV), and BBRC retains a nearly 40% stake.
Honey Birdette began in 2006 over a glass of champagne between two friends. In 2011, BBRC partnered with Honey Birdette to help grow and expand their brand. The business is focused on developing and designing provocative lingerie and luxury bedroom accessories and is sold predominantly online (50%+), along with a substantial physical presence with 60 stores located across 3 continents. In June 2021, Honey Birdette was sold to Playboy Group for $439m AUD.
Universal Store is an Australian retailer of global street and youth apparel, footwear and accessories targeting 15–25-year-olds that was founded in Brisbane in 1999. In October of 2018, BBRC in partnership with Five V led the investment in Universal Store. Universal Store was publicly listed in November 2020 (ASX: UNI). BBRC fully exited its position in August 2021.