With many years of experience as an entrepreneur and businessman, Alan Reeves, chief operating officer (COO) of Legendary Retail Brands (LRB), which was the shareholder and administrator of the Mica, DIY Depot and House of Paint and Décor voluntary buying group (VBG) brands, was continuously thinking about the next step for the group. Member profitability was good, despite a tough economic environment, but Reeves was aware that this could change easily. “That’s why we need to plan ahead for the next five years,” he thought. As he planned for the next board meeting in September 2016, Reeves considered the options for the group and what he could recommend regarding the way forward.
Legendary Retail Brands: A Sustainable Business Model?
- Author: &
- Publisher:Wits Business School
- Publication year:2016
- Online pub date:
- Discipline: Strategic Management & Planning, Corporate Governance, Corporate Strategy
- Length:4,272 words
Region:Southern AfricaCountry:South AfricaOrganization:Legendary Retail BrandsOrganization Size:Originally Published In:2016). Legendary retail brands: A sustainable business model? WBS-2016-8. Johannesburg: The Case Centre, Wits Business School., & (Type:Online ISBN:9781526430489Copyright: © 2016 Graduate School of Business Administration, University of the Witwatersrand.