Billionaire Brett Blundy grabs stake in shoe group RCG Corp

November 27, 2017 | Australian Financial Review

The new chairman of footwear retailer RCG Corporation will speak to Brett Blundy about board representation after the billionaire emerged as the group’s biggest single shareholder.

Mr Blundy, who was listed on the 2017 Financial Review Rich 200 list with a fortune of $1.39 billion, now holds 14.4 per cent of the company after snapping up a 11.8 per cent stake.

He paid just less than $61 million for the stake, at a price of 95ยข, a 20 per cent premium to RCG’s last close.

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