Lauren SamsFin editor, deputy editor AFR Magazine and fashion editorJul 12, 2026 – 12.00pmDespite announcing the closure of more than half of its stores last week, Betts’ chief executive and managing director Michael Breckler says the family-run business has life in it yet.“This is not the end of Betts,” says Breckler. “People like to go with clickbait headlines, but the reality is we had a strategic review that started a few years ago and with our current network of stores, we were unable to roll that out as planned. We need to reduce the number of stores we have and ensure we have the right retail network going forward.”Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
To save a family business, Betts halves its stores to fund a Gen Z rebrand
Betts goes into administration, but its chief executive Michael Breckler insists this is not the end.
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