June 2024
‘EY have modelled it’: Emails reveal advice that cost client $50m
In 2014, Billabong founder Gordon Merchant wanted to sell his bioplastics business. He also wanted to make sure he didn’t pay much tax. Now the advice he took from EY has led to a $50m tax bill.
- Max Mason
May 2024
Lendlease chairman to step down | Billabong founder’s $50m tax hit | Eight injured in Singapore Airlines flight
Read everything that’s happened in the news so far today.
March 2024
- Updated
- Fashion retail
Private equity-backed swimwear group Tigerlily collapses
For the second time in four years, the company founded by Jodhi Meares has gone under. Its owner, Crescent Capital, tried to sell the retailer last year.
- Updated
- Carrie LaFrenz
December 2023
KMD dives to lowest since 2020 after sales drop 12.5pc
The owner of Rip Curl and Kathmandu says orders from its wholesale customers have dried up, while sales of rainwear and puffer jackets were weak due to warmer weather in Australia.
- Carrie LaFrenz
November 2023
Iconic swimwear brand Tigerlily has plenty of US growth, buyers told
Deloitte was appointed to sell the label by private equity owner Crescent Capital in October, three years after emerging from voluntary administration.
- Sarah Thompson, Kanika Sood and Emma Rapaport
September 2023
- Exclusive
- Luxury property
Rich Lister’s penthouse set to break suburb record
Potts Point is expected to get a new apartment high with the listing of Rode CEO Peter Freedman’s pad, and a luxury farm has hit Victoria’s rural market.
- Bonnie Campbell
June 2023
- Exclusive
- Luxury property
Cricketing great Ricky Ponting sells $16m Brighton home
Ponting and wife Rianna have sold their Brighton home and are moving to Toorak, while McKinsey’s Angus Dawson has reset the Randwick record in Sydney.
- Updated
- Bonnie Campbell
April 2023
New owner of Billabong, Quiksilver plans for regional break-up
Authentic Brands Group will expand Boardriders branded shop-in-shops, retail stores, e-commerce and wholesale distribution as well as establish an online marketplace.
- Carrie LaFrenz
Big names back US group buying Billabong and Quiksilver parent
BlackRock, Shaquille O’Neal and David Beckham are among the powerful shareholders behind US giant Authentic Brands Group, which is poised to buy Boardriders.
- Carrie LaFrenz
November 2022
- Exclusive
- Retail
Quiksilver, Billabong owner mulls sale after slashing jobs
Boardriders is owned by distressed debt investor Oaktree Capital Management. If a sale is sealed, it would end a decade of involvement with the iconic surf brands.
- Carrie LaFrenz
May 2022
Companies ditch their executive assistants for the virtual variety
Demand for virtual assistant jobs have increased by 20 per cent during the January to April quarter, as more companies look to get rid of offices and move to permanent remote work.
- Campbell Kwan
March 2022
Noumi loses turnaround CFO after 12 months
The company formerly known as Freedom Foods has lost its CFO barely 12 months after Josée Lemoine took on the role to straighten out its books.
- Updated
- Carrie LaFrenz
February 2021
Dave Tanner steps down as CEO of Boardriders
Three years after an epic takeover battle, the former Oaktree Capital executive is stepping down from the helm of global action sports group.
- Carrie LaFrenz
December 2020
- Opinion
- Energy security
Oaktree, Elliott's power plays for a new energy world
The altered future of Australia's energy market is now playing out in an unlikely stoush over the finances of a coal-fired power station and coal mine in Western Australia.
- Jennifer Hewett
Perich family counts cost of $590m blowout
The billionaire Perich family, which owns 52.5 per cent of the suspended ASX-listed Freedom Foods, finds itself at the centre of a financial firestorm that it's taking 'very personally'.
- Jemima Whyte and Carrie LaFrenz
November 2020
- Exclusive
- Funding
Atlassian co-founder's fund backs sustainable packaging start-up
Skip Capital, Kim Jackson and Atlassian co-founder Scott Farquhar's private investment fund, has led a $2m round in sustainable packaging start-up Zero Co.
- Natasha Gillezeau
April 2020
Footwear retailer Accent starts to reopen stores
The footwear retailer is gradually reopening all its stores, but has reiterated calls for rents to be rewritten so retailers and landlords share the pain.
- Sue Mitchell
January 2020
- Exclusive
- Surfing
Boardriders surfs tough retail conditions
It has been far from smooth sailing leading the herculean effort of combining the two biggest names in surf to create a $US1.5 billion giant.
- Carrie LaFrenz
November 2019
Tigerlily's new look less hippy chick, more global traveller
With the fashion label's first rebrand in its 20-year history, Tigerlily CEO Chris Buchanan aims to take the brand global by strengthening its commitment to sustainability.
- Sue Mitchell
October 2019
The lunch that set the scene for the sale of iconic Rip Curl
After 50 years and an exhaustive search for the right buyer, the surfwear group born in the sleepy town of Torquay has been offloaded to Kiwi group Kathmandu.
- Updated
- Carrie LaFrenz and Sue Mitchell