Billionaire businessman Brett Blundy has resigned as a non-executive director at Accent Group, but will continue to provide advisory services through a private arrangement with the company.
Blundy is the chairman of private investment firm BBRC, which has an interest in several retail businesses, including Accent Group, Lovisa, Adairs, Honey Birdette and Aventus Group, a property company with 20 large-format retail centres in its portfolio.
According to a statement released to the ASX on Tuesday, Blundy has entered into a similar arrangement with Aventus Group.
Accent Group’s chairman David Gordon said the new arrangement enables the footwear giant to maintain a “strategically valuable connection with Brett and with the entire BBRC Group globally”.
BBRC owns approximately 18.2 per cent of Accent Group’s shares. Blundy has served as a director of the company from December 2017 until today, May 12.