Doug Putman
| Doug Putman | |
|---|---|
| Born | Douglas Robert Putman 25 March 1984 Ancaster, Ontario, Canada |
| Occupation | Retailer in Canada, the United States, the United Kingdom, Ireland and Belgium. |
| Known for | <templatestyles src="Plainlist/styles.css"/>
|
| Board member of | <templatestyles src="Plainlist/styles.css"/>
|
| Website | https://putmaninvestments.com |
Douglas Robert Putman (born 25 March 1984) is a Canadian businessman, predominately trading in the retail sector across North America and Europe. Through his firm, Putman Investments, he owns numerous retail chains involving music, entertainment, toys and home goods.
Contents
Early life
Douglas Putman was born on 25 March 1984 and raised in Ancaster, Ontario.[1] His family owned Everest Toys, which he managed as of 2017.[2]
Career
Canada
In 2010, Putman began working for his family-owned Everest Toys.
In October 2014, Putman acquired Sunrise Records and began opening new locations.[3]
In February 2017, it was announced that Putman had acquired the lease agreements from HMV Canada after it fell into receivership, converting these premises into Sunrise Records stores, massively increasing the number of Sunrise Records locations from 10 to 70.[4][5]
In October 2020, Putman founded tea shop T.Kettle, rebranding 45 former DavidsTea locations.[6] As of April 2024, only two locations remained open.[7]
In August 2021, Putman announced he would buy Toys "R" Us Canada and Babies "R" Us Canada from Fairfax Financial.[8]
United States
In January 2020, Putman saved entertainment chain FYE from bankruptcy for $10 million USD.[9]
United Kingdom, Ireland and Belgium
On 5 February 2019, a number of HMV and Fopp locations were acquired by Sunrise Records, owned by Putman, for £883,000, saving 100 stores and 1,600 jobs. The company continues to trade under the HMV and Fopp brands.[10][11] Putman would reopen HMV Ireland in 2023.[12] In August 2023, Putman attempted to save the British home goods retailer Wilko from administration, but was unable to form a rescue deal in time, with the retailer collapsing.[13] In November 2023, HMV expanded into Belgium.[14] In March 2024, Putman expressed interested in rescuing the British cosmetics chain, The Body Shop, from administration.[15]
References
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