Lovisa has been hit with tragic news, just a month after its sparkling $215 million debut on the stock market.
Lovisa Holdings has announced the death of its chairman David Carter.
Carter joined the Lovisa board in 2014.
"In a short space of time David had built a great working relationship with the Lovisa team and board members," the company said in a statement.
Lovisa debuted on the share market in December.
Shares hit the market at $2.12 each, up from the $2.00 new shares were issued for in the company’s public offer.
Within an hour, the shares were trading at $2.05, giving Lovisa a market value of $215 million.
Lovisa was established in 2010 by millionaire Brett Blundy and its CEO Shane Fallscheer.
Lovisa operates 208 stores in Australia, New Zealand, Singapore, Malaysia, South Africa, and the United Arab Emirates.
It made a proforma net profit of $7.3 million in the year to October.
That is forecast to increase to $16.4 million in the current year, as new stores open and like for like sales grow.
Last year, sister brand Diva endured a number of store closures and rebrands to Lovisa.