Shadi Kord and her business partner Natalie Khoei founded their online rag trading business while they were studying architecture at the University of New South Wales, chipping in $200 each to start a business that listed accessories for sale on Instagram. In the decade since that business has grown somewhat. Meshki, as it’s called, reported an annual turnover of $69 million in last year’s financial report, and a net profit of $11.
7 million, almost double the $5.9 million profit of the year prior. The Bellevue Hill home of Investors Mutual chief Damon Hambly and homewares businesswoman Philippa Haydon sold for $22.
75 million. Credit: Domain And while Meshki is a familiar name among its three million followers on Instagram, Australia only accounts for about a third of its revenue, with the bulk of it coming from overseas markets. Given that, it is perhaps little surprise to see Kord and her husband, Bayan Fanaeyan , of Le Baus men’s fashion label, lodge their names on title records this week to a designer Bellevue Hill residence for $22.
75 million. The house was previously a 1920s-built bungalow owned by Investors Mutual chief executive Damon Hambly and his wife, homewares businesswoman Philippa Haydon , who bought it in 2010 for $3.7 million and commissioned a rebuild by celebrated architect Luigi Rosselli .
Shadi Kord is the co-founder of online fashion house Meshki. Credit: LinkedIn The six-bedroom, five-bathroom residence set across three levels was completed in 2017.