Proud to introduce to you Doug Putman
Doug Putman
Doug Putman is a Canadian billionaire businessman and entrepreneur who has made a name for himself by reviving unloved brands and turning around underperforming companies. Here are some key facts about him:
Birth
25 March 1984
linkedin.com/in/doug-putman
Net worth
$1.3 billion (2021)
Early Life
Doug Putman was born on March 25, 1984, in Ancaster, Ontario, Canada. His family owned Everest Toys, which he managed as of 2017.
Professional Career
Putman is the owner of Canada's largest toy chain, Toys "R" Us Canada, music retailer Sunrise Records, the owner of FYE the largest pop culture chain in the USA, Everest Toys, and the owner of HMV UK.
He has also been involved in other companies. Putman has a strong belief in the potential of brick-and-mortar retail and has focused on reviving struggling retail brands.
Achievements
Putman has revived unloved brands like Toys "R" Us and HMV with a plan to make retail fun again.
His Canadian music chain Sunrise Records has grown from just five stores when he bought it in 2014 to 84 stores today.
He has also been a supporter of aspiring musicians, hosting a competition that offered unsigned Canadian artists the chance to get their music stocked in Sunrise stores.
Net Worth
Putman is a billionaire with a net worth of $1.3 billion as of 2021.
Current Activities
Putman is currently in the news for his potential acquisition of collapsed discounter Wilko, which could save thousands of jobs and the majority of shops.
The Wilko name will vanish from UK High Roads after a salvage bargain for the chain failed to work out.
All its 400 stores across the UK will nearby early October, the GMB association has said.
It implies redundancies are reasonable for every one of the 12,500 staff at the family-claimed business.
It is seen no bidders are keen on running shops under the Wilko name, albeit a few gatherings are keen on rebranding their stores.
The very rich person proprietor of HMV, Doug Putman, would have liked to keep up to 300 Wilko shops open, however his bid bombed as increasing costs confounded the arrangement.
Doug Putman summary
Doug Putman is a billionaire Canadian business executive.
He is the owner of Canada's largest toy chain, Toys "Я" Us Canada, Babies "Я" Us Canada, music retailer Sunrise Records, T. Kettle, Rooms + Spaces, music retailer FYE, Everest Toys, and HMV UK, as well as many other companies.
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