Universal Store Explained

Universal Store Holdings Limited
Type:Public
Industry:Fashion retail
Hq Location City:Brisbane
Hq Location Country:Australia
Areas Served:-->
Key People:Alice Barbery (CEO)

Universal Store Holdings Limited is an Australian fashion retail company. It operates stores under the Universal Store, Thrills and Perfect Stranger names. The company was founded in 1999 by brothers Greg and Michael Josephson. It was purchased by private equity investors in 2018 before going public on the ASX in 2020., there are 77 Universal stores, 8 Perfect Stranger stores and 10 Thrills stores around Australia.

History

Universal Store was founded in 1999 by brothers Greg and Michael Josephson. They opened their first store in the Brisbane suburb of Carindale.[1]

In 2018, the business was purchased by a consortium of three private equity investors for an estimated $100 million. The company floated on the Australian Securities Exchange (ASX) on 17 November 2020.[2] In September 2022, Universal Store acquired Cheap Thrills Cycles – the company behind the brand Thrills – for $50 million.[3]

Stores

Universal Store

Universal Store sells clothing aimed at 15–34 year olds. It stocks products from brands such as Herschel, Wrangler, Converse, Abrand and Kiss Chacey. It also sells its own private label brands which include Perfect Stranger, Luck & Trouble, Common Need and Token.[4], there are 77 Universal stores.[5]

Perfect Stranger

Womenswear brand., there are 8 Perfect Stranger stores.

Thrills

Thrills was founded in 2011 by Brooke McGregor, Tabitha McGregor and Ryan Collins.[6] The brand sells vintage-inspired apparel with a focus on sustainable fabrics and production. The company started as a vintage motorcycle import business but the popularity of their first T-shirt collection led them to shift to fashion.[7] The company's first retail store was opened in 2014 in Byron Bay.[8] In 2020, the company expanded to Japan with a store in Tokyo and in 2021 the brand was made available through stockists in the United States. Thrills was acquired by Universal Store in September 2022., there are 10 Thrills stores.

External links

Notes and References

  1. Web site: 28 September 2018 . Universal Store taken over for $100m . 30 August 2023 . Business News Australia . en.
  2. Web site: Powell . Dominic . 17 November 2020 . Universal Store still keen on physical stores as shares soar on ASX debut . 30 August 2023 . The Sydney Morning Herald . en.
  3. Web site: Pattabiraman . Rakshnna . 27 September 2022 . Byron Bay fashion brand Thrills sold for $50 million . 30 August 2023 . Inside Retail . en-US.
  4. Web site: Mitchell . Sue . 24 September 2018 . Universal Store in $100m private equity-backed management buyout . subscription . 30 August 2023 . Australian Financial Review . en.
  5. Web site: 24 August 2023 . FY23 Results Presentation . 30 August 2023 . Universal Store Holdings Ltd . 6.
  6. Web site: Robin . Jo . 21 September 2020 . The Newest Collection From Byron Bay Streetwear Label Thrills Is Its Most Sustainable Yet . 30 August 2023 . Broadsheet . en.
  7. Web site: 22 March 2021 . 10 moments from 10 years: Thrills celebrates decade in business . 31 August 2023 . Ragtrader . en.
  8. Web site: McDonnell . Josh . 15 March 2017 . Thrills: "if we don't have it we don't spend it" . 31 August 2023 . Ragtrader . en.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Universal Store".

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