'Exciting times': Rodd & Gunn's new CEO on taking control of retailer as it expands overseas

Rodd & Gunn's new chief executive has bought full ownership of the menswear clothing retailer, as it expands overseas.

Mike Beagley has declined to reveal the dollars spent - but says it was in the tens of millions.

US private equity firm Winona Capital held a majority of shares before the buyout.

Beagley says the logical move was to sell the company to someone else entirely but he wants to keep building it.

"I had a meeting with him in February in the US, and I said - look, I think I should buy it. So it's been a long, long journey to get here and incredibly twisting and turning and all of these things are." 

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