Yesterday
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.
The great fake meat meltdown is taking plant-based burgers with it
When Alejandro Cancino founded Fenn Foods, he was entering an industry forecast to be worth $3 billion this decade. Then came the age of eating “real food”.
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.
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.
Hip pocket pain comes for shoppers – and for supermarket giants
Woolworths and Coles had hoped a year under fire – amid accusations of price gouging – would give way to easier times. A wave of price increases won’t help.
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.
Gloria Jean’s owner has an angry shareholder on its case
A minority shareholder in Retail Food Group is calling for a total management clear out amid a 70 per cent decline in market cap over five-years.
Oporto-owner Craveable Brands hires new CEO from Domino’s
No doubt, he would also be tasked with helping Craveable’s owner, PAG Private Equity, secure an exit after seven years of ownership.
Work from home and limit flights, urges IEA, as fuel crisis deepens
The International Energy Agency warning came as major companies reworked pricing and supply chains to withstand a drawn-out Middle East conflict.
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.
Lip gloss and pens: Smiggle bets on beauty to spark growth turnaround
The retailing group controlled by billionaire businessman Solomon Lew has appointed former Just Group executive Georgia Chewing to lead a turnaround.
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.
Justin Hemmes gets Byron Bay’s hesitant blessings
If Antony Catalano had just started building his $28 million Byron Bay compound and asked for permission later, he may have saved himself a lot in legal fees.
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.
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.
Blue Sky’s former Vinomofo stake to change hands; secondary brewing
The online wine retailer, previously backed by Blue Sky Venture Capital, has tapped PAC Partners to launch a recapitalisation and secondary share sale.
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.
The Ozempic-era supermarket aisle is a very different place
From Coles and Woolworths to fast food chains, a phalanx of thinner and healthier customers is forcing a rethink of what products are going to sell.
Chicken glut forces TasFoods into administration
Tasmanian businesswoman Jan Cameron, co-founder of the Kathmandu outdoor clothing chain, is a major shareholder of the food business.
Coles shuts Swaggle, its two-year trial run at pet and vet products
Like its major rivals Woolworths and Wesfarmers, the supermarket giant had experimented with expanding in the lucrative market, but is now “pivoting”.
Rise of the robots in Qld as Amazon spends $750m on automated warehouse
Amazon’s new Brisbane automated warehouse staffed by robots will cover 150,000 square metres, which is equivalent to 18 rugby league fields.
