Sanity (music Store) - Brazin and Sanity History - 1990s

1990s

In 1990, Brazin Limited bought back the failed Jetts chain from the liquidators at a discount and began to progressively rebrand them as Delta music stores. Also in that year, with Bras 'N' Things expanded to 60 stores around the country, Bryan Luca started to progressively sell his remaining Victorian Bra Shop outlets to Blundy in groups of six at a time with all eventually being sold and renamed to Bras 'N' Things

The Sanity concept and brand was established and introduced by Brazin in 1992 with its first store at Doncaster Shoppingtown. This occurred by chance thanks to Blundy's working knowledge of Doncaster Shoppingtown as he - while running his five-store company in the late 1980s - worked as a casual shop assistant in its Just Jeans store to learn more about its culture and internal processes. When he found out the centre's only record shop closed without notice he brazenly talked his way into that lease with the centre manager even though it was earmarked for another music retailer (that store ceased trading in 2010). Also in that year, Blundy's company started the designer, marketer and distributor (no shopfronts) of women's surfwear brand, Aztec Rose.

In 1997, the company acquired 14 CC Records outlets in Victoria, folding them into the Sanity/Delta network. Brazin Limited also listed publicly with the ASX in December of that year with an IPO at $1.50 a share. Blundy retained a 62% stake in the company.

In June 1998, it acquired 27 outlets from the Brashs music chain on its demise via its administrators, KPMG, and the two remaining stores from Blockbuster Music in Pitt Street, Sydney, and Chapel Street, Melbourne - relaunching all of them as Sanity music stores on an ongoing basis (with staff, leases, etc. continuing at each store). After these acquisitions, Sanity and Delta had 148 outlets combined with Brazin publicly stating their aim was for 250 nation-wide. The share price was now up to $2.29.

In September 1998, Brazin introduced IN2 Music stores by converting three Delta outlets in North Queensland and outer Melbourne. Like Delta, IN2 Music targeted a wider demographic than Sanity's focus on the youth 16-26 age group, giving Brazin more scope after the collapse of adult-orientated chain, Brashs. IN2 Music expanded the next year after the company purchased a further 23 CC Records stores in South Australia and Queensland, and re-branded more Delta outlets.

In May 1999, the company created Viva Lingerie, targeting a different demographic to Bras 'N' Things - the former, focused on young, price-conscience women. Also in that year, Brazin acquired another 9 lingerie retail stores from Triumph International Pty Ltd.

Read more about this topic:  Sanity (music Store), Brazin and Sanity History

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