The luxury goods marketplace has been under considerable investor pressure with questions over some of the company’s duty and tax payment practices.
Recently released emails show how the Kogan board delayed the settling of executive bonuses for cash, helping the return.
Andy Schmulow’s more polite jibes included calling PwC “a cancer” on society, “thugs in suits”, and a “parasite”. PwC reckons it’s all beyond the pale.
Be wary of bankers talking deal pipelines. But what you can rely on them for is a good chart. Goldman Sachs’ M&A boss Marissa Freund didn’t disappoint.
The transaction will give the private equity giant the rights to the 138-year-old brand and leave the ASX-listed group as a pure-play funds management business.