The Northern Territory news Wed 9 Jul 2014
The Northern Territory news; NewspaperNT
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Community newspapers -- Northern Territory -- Darwin; Australian newspapers -- Northern Territory -- Darwin
News Corp Australia
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News Corp Australia
20 BUSINESS WEDNESDAY JULY 9 2014 NTNE01Z01MA - V1 Receivers swoop on Cameron MELBOURNE: From Rich List to receivership, Jan Camerons latest foray into retail has been more nightmare than adventure. Once the nations fourthwealthiest woman, Ms Cameron stands to lose $100 million as her retail empire crumbles for the second time in less than two years. It is far from the fairytale pursued by the self-made woman who, despite an estimated fortune of $300 million, drove a ute, rescued battery hens and quietly directed millions of dollars to charities. The founder of outdoor apparel group Kathmandu has this week been left counting the cost as her private company, Discount Superstores Group, fell into receivership. The downfall comes just 21 months after another company she owned, Retail Adventures, also collapsed. Discount Superstores had rescued the 144-strong chain of discount retailers Crazy Clarks and Sams Warehouse from Retail Adventures, buying them out of administration for $59.8 million in February of last year. But this week the chains were again on the rocks, with heavy losses and a slump in consumer spending blamed. Born in Tasmania, Ms Cameron was a medical student with a keen interest in mountaineering when she began sewing her own line of quality sleeping bags in her Melbourne unit in 1973. She moved to New Zealand where, armed with $3000 and a sewing machine, she launched the Alp Sports brand. She grew the business before selling it for $NZ2.5 million ($2.3 million). The proceeds went into setting up Kathmandu, which launched that same year with a single store in Melbourne. Receivers announced yesterday that 10 Crazy Clarks stores would shut their doors by July 13, with more to come. Kathmandu founder Jan Camerons fortunes have taken a hit DARYL Guppy has lived in the NT since 1983 and started this business in 1996. Hometown : B e n a l l a , Victoria Company: Guppytraders In a nutshell: Provides economic, political and financial market analysis for English and Chinese media throughout Asia and China. Career Facts: I started learning about the financial markets while I was a road grader operator in the Gulf country and now I am an internationally respected financial market and China analyst. As an independent technical analyst I appear frequently on CNBC Asia analysing trends in the financial market I am known as The Chart Man. NT Biz Advice: It is a mistake to think the NT is the only market as competition is global so use the web to provide a competitive advantage. Your competitors are a mouse click away so give customers a reason to stay. NT Future: This is Chinas century and it will impact on every aspect of Australian business environment. The NT survives by engaging with Asia. Find Out More: guppytraders.com Each week Business Week works with Linkedin Guides to profile an NT business owner. BUSINESS WEEK: THE FACE New Realestate section Open for inspection this Saturday Keep up with the latest local property market news, get tips on selling and buying a home, search the latest listings and fnd the weekly column from Andrew Winter. If youre in the realestate marketplace you cant aford to miss the new Realestate section in the NT News every Saturday. Pride of theBay STORY >>P12-13 SATURDAY JULY 5 , 2014