Fusion Retail Brands

OVERALL
Owned	AUS
Rating

Clothing retailer and wholesaler

Colorado Group went into receivership in 2011, owing $400 million to a syndicated of 18 lenders. Four of these lenders took on the business in 2012 (National Australia Bank, Japanese bank Nomura and Anchorage Capital Partners and ICE Canyon). The new owners reduced store numbers from 441 to under 200 and then sold the business in 2017 to Australian footwear company Munro Footwear Group.

Company Ownership

Fusion Retail Brands Pty Ltd	AUS	website	email
Munro Footwear Group Pty Ltd       owns 100% of Fusion Retail Brands Pty Ltd	AUS	website
Footwear Family business founded by Graham and Kerrie Munro in Melbourne in 1962, which has grown following a series of acquisitions, including Fusion Retail Brands in 2017. Operates throughout Australia and New Zealand.

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Company Assessment

PRAISE	CRITICISM	INFORMATION
Fusion Retail Brands Pty Ltd
		Copyright infringements In 2008 Jag paid $305,000 to UK Fashion label Ted Baker in an out-of-court settlement over copyright infringements claims. [Source 2008][More on Governance] Global Sourcing Guidelines Follow the link to see this company's stated Global Sourcing Guidelines [Source 2012][More on Workers Rights]
Munro Footwear Group Pty Ltd
	D grade in 2019 Ethical Fashion Report D grade in the Baptist World Aid Australia's 'Ethical Fashion Report 2019', which grades companies, from A to F, on the strength of their systems to mitigate against the risks of forced labour, child labour and worker exploitation in their supply chains, as well as protect the environment from the harmful impacts of the fashion industry. Assessment criteria fall into five main categories: policies, transparency and traceability, auditing and supplier relationships, worker empowerment and environmental management. [Source 2019][More on Workers Rights]

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