Yesterday
Oil crisis flows through to Australian dinner plate
Rising costs and budget-wary consumers are squeezing restaurant owners like Sam Young, as farmers warn high fuel prices mean worse to come.
Kathmandu, Rip Curl owner in limbo as emergency capital raise drags
KMD Brands said it was unable to publish its financial accounts as planned this week, and was still finalising the details of a low-priced share issuance.
Macy’s says users of new AI chatbot spend about 400pc more online
Customers who use “Ask Macy’s”, powered by the Google Gemini platform, have parted with around 4.75 times more money than those who did not.
This Month
Lorna Jane rides buy-local trend to run up sales, profit
The Brisbane-founded label says the athleisure boom that emerged during the pandemic is from is far from over, as sales and profits rise.
Sunscreen regulation faces overhaul after SPF failures
The Therapeutic Goods Administration is moving to restore public trust after an investigation found many products failed to meet their label claims.
Manny Stul, John Hancock lead investors in celebrity fund
Family offices and other well-known businesspeople are piling into a $144 million vehicle that wants to partner with celebrities to launch consumer start-ups.
Lightweight wheel maker Carbon Revolution falls into administration
The company employs 350 people at its Geelong plant, and had been listed on the ASX and Nasdaq. But falling demand for its products has created major strain.
The latest tricks marketers are using to get you to spend
These days, retailers are throwing everything at the wall – including basketballs – to part you from your money.
Just Jeans revamp emerges as bright spot in disappointing Myer result
The department store has made a string of changes as it turns around the business, with sales increasing at the denim outlet it has owned since last year.
Wirth’s Myer rescue mission is caught in the eye of the storm
The executive chairwoman is rebuilding the Australian icon after years of underinvestment. She’s making the right moves, but the market is not in a patient place.
KMD says Rip Curl demerger proposal delivers investors ‘no value’
Former Billabong executives want to combine their rival surf brands with Rip Curl, which would have to be split off from the retailer which also owns Kathmandu.
Former Billabong executives target Rip Curl, pitch KMD Brands carve-up
Stokehouse, a privately owned company that already owns surf labels Vissla and Sisstr, is pushing for the struggling retailer behind Kathmandu to be broken up.
Priceline Pharmacy franchisee sale narrows to final four bidders
There are 91 Infinity group pharmacies on offer, with the portfolio valued between $400 million and $500 million.
The stagflationary mix that has billionaire Solomon Lew worried
The veteran rag trader is confident his Peter Alexander and Smiggle chains can withstand the cost-of-living crunch. But he sees economic pain building.
Can Sydney’s burrito king conquer the $676b US fast food market?
In Australia, Guzman y Gomez is a juggernaut. But cracking Chicago, let alone the rest of the US, is proving a challenge for chief executive Steven Marks.
Samsung to stop selling its $4080 TriFold phone after only 3 months
The Korean company now simply says the cutting-edge handset is “sold out”, but buyers have managed to find stocks at Samsung Experience Stores in Texas and NY.
Koala co-founders set for $117m stake as mattress maker hits the ASX
Dany Milham and Mitch Taylor launched the furniture start-up with $2000 in the bank. Both will remain large shareholders after the company lists this month.
Woolworths rejects claims former executive worked 120-hour weeks
In filings the supermarket giant described as “vague and embarrassing”, former chief growth officer Miwah Van alleged she had worked herself into hospital.
Kate Morris exits private equity firm Glow Capital Partners
The co-founder Adore Beauty is exiting the firm she founded with Justin Ryan for personal health reasons.
KMD Brands enlists Goldman Sachs for major recapitalisation
Street Talk can reveal Goldman Sachs has been appointed to lead the recapitalisation process.
