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June 02, 2015 2:59 AM ET

Specialty Retail

Company Overview of Just Group Limited

Company Overview

Just Group Limited operates as a fashion and apparel retailer. The company offers casualwear; street wear; luxurious designer sleepwear, loungewear, homewear, and footwear gifts for women, men, and young children; and other apparel. It operates stores ranging from shopping centers to prime retail strips, country towns, and resort villages in Australia, New Zealand, South Africa, and Singapore. The company was founded in 1970 and is based in Richmond, Australia with state offices in Sydney, Adelaide, Perth, Brisbane, and Auckland. It has distribution centers in Melbourne, Sydney, and Auckland. Just Group Limited operates as a subsidiary of Premier Investments Limited.

658 Church Street

Richmond, VIC 3121

Australia

Founded in 1970

3,310 Employees

Phone:

61 3 9420 0200

Fax:

61 3 9426 0298

Key Executives for Just Group Limited

Chief Executive Officer and Director
Age: 49
Chief Financial Officer and Executive Director
Executive Director
Age: 54
Director of Fast Fashion
Director of Just Jeans
Compensation as of Fiscal Year 2014.

Just Group Limited Key Developments

Standard Bank Launches Legal Proceedings against Just Group and Erdenet Mining Corp in the UK Courts

Standard Bank has launched legal proceedings against Just Group and Erdenet Mining Corp. in the UK courts, the South African bank has confirmed. Standard Bank launched the proceedings to reclaim debts owed by Mongolia-based Just Group, some of which were guaranteed by Erdenet Mining, observers told Metal Bulletin. Just Group subsidiary Mercantile House had a copper concentrates off-take agreement with Erdenet Mining, and, through other industrial assets, Just Group also provided other services to Erdenet, such as the supply of fuel. The group was dissolved earlier this year after another of its subsidiaries, Savings Bank, was declared insolvent in July after failing to meet capitalisation requirements set out by the Bank of Mongolia. The bank has now filed a claim in the UK courts against Just Group and Erdenet but as of Tuesday October 29 the case had not been acknowledged by all parties, a source familiar with the matter told Metal Bulletin. Based on reports citing Batkhuu, Standard Bank issued a $20 million loan to Just Group, which Erdenet guaranteed. Batkhuu used later loans extended by Standard Bank to recapitalize the failing Savings Bank, and also to buy the Olon Ovoot gold mine from Mongol Gazar. Batkhuu, who has now sold all businesses within the Just Group, called on State Bank to assist him in paying off his outstanding debts.

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