Ian Norman (businessman)
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Ian John Norman | |
|---|---|
| Born | 5 February 1939 |
| Died | 29 May 2014 (aged 75) Terrigal, New South Wales, Australia |
| Occupation(s) | Business executive, company co-founder |
Ian John Norman (5 February 1939 – 29 May 2014)[1] was an Australian businessman and retail executive.[2]
Career
[edit]Norman met his business partner Gerry Harvey when both were working as travelling door-to-door vacuum cleaner salesmen.[3] In 1961, the duo partnered to open their first store in Sydney, which specialised in home appliances and electronics.[3][2] Their store, which was called Norman Ross, expanded to forty-two stores by 1979, with annual sales of $240 million that year.[3] Harvey and Norman sold the Norman Ross chain to Grace Bros who subsequently sold the company to Alan Bond in 1982.[2][3]
The business partners then co-founded Harvey Norman, an Australian independently owned retail chain, that bears their name, in 1982.[3][2] The new chain offered consumer electronics, furniture, and other household goods.[2] The first Harvey Norman store opened in a shopping centre in Auburn, in 1982, the same year as the sale.[3]
Forbes, had estimated in 2001, that he was 37th richest person in Australia.
By 2014, Ian Norman, who remained an executive, held 175 million shares of Harvey Norman, a 16.5% stake worth an estimated $560 million.[3][2] Norman who had previously resided at Darling Point, died from throat cancer at his home at Terrigal on 29 May 2014, at the age of 75.[2][4]
References
[edit]- ^ "Ian Norman".
- ^ a b c d e f g Carter, Bridget (31 May 2014). "Harvey Norman co-founder Ian Norman dies at 75". The Australian. Retrieved 27 June 2014.
- ^ a b c d e f g Grenblat, Eli (31 May 2014). "Harvey Norman co-founder Ian Norman Dies". Sydney Morning Herald. Retrieved 26 October 2022.
- ^ Avenell, Patrick (30 May 2014). "Vale Ian Norman, co-founder of Norman Ross and Harvey Norman". Appliance Retailer. Retrieved 27 June 2014.
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