Catalyst and CHAMP reportedly paid A$200 million which was funded by NAB Capital, ANZ and BOS International.
The combined entity was Australia's leading discount variety retailer with revenues nearing $1 billion and a store presence in every state and territory in the country.
[6][7] In March 2013, Jan Cameron purchased the remaining viable sections of the business from the administrators for $59 million AUD following extensive restructuring, forming a new company DSG Holdings Australia Pty Ltd which traded under the name the Discount Superstores Group.
[8][9] Project Simplify was a long-term strategic plan initiated by Jan Cameron and David Young since the acquisition of ADR in 2009.
[10] Retail Adventures focuses on the Pareto principle, rather than strategies like sales per square metre and department performance.
In this way, the company focuses on their core merchandise range and seasonal demand is what drives the rest of the business platform.
Whilst maintaining currently buying techniques, the company is in the process of upgrading its technologies to better manage aspects such as allocation, forecasting and replenishment of its merchandise.
[12][13] Earlier in October, news outlets had reported that Retail Adventures owed landlords thousands of dollars in unpaid rent.
Discount Superstores Group, ran by Jan Cameron, purchased the entire remaining assets of Crazy Clark's and Sam's Warehouse for $59 million AUD in February 2013.