Today
Private equity snaps up Aussie brand Doors Plus
Colinton is working with alternative investing platform iPartners to syndicate equity to its network of wealthy clients.
This Month
Ultra Violette’s cult sunscreen under scrutiny in feud with Choice
Consumer advocates and the popular skincare brand have accused each other of misleading behaviour amid questions about the effectiveness of the company’s products.
Booktopia owner digiDirect snaps up video game hardware business Mwave
The computer accessories and hardware retailer had been backed by private equity firms including Anacacia Capital but fell into administration this month.
Union suggests Labor laws could reverse past penalty rate cuts
The Albanese government’s promised laws would “negate” any decisions to remove or reduce penalty rates, unions warn.
Freedom Furniture sold to Quadrant-backed rival ahead of potential IPO
The combination of the two well-known furniture retailers will create a $1 billion giant that could hit the ASX as soon as next year.
Double-digit power price hikes coming just in time for winter
Retailers are telling customers they will be hit with increased electricity prices of up to 14 per cent – well above the rises in the regulated default market.
Britain’s retail tough guy, Mike Ashley, sets his sights on Australia
The billionaire has turned one sports store into a global empire. Now Sports Direct is coming Down Under, with big plans to shake up the market.
Mosaic may have traded insolvent for years, administrators say
FTI Consulting told creditors of the collapsed apparel brands business that they could potentially bring an insolvent trading claim for $77 million.
Wittner poised for rescue by retailer behind Jo Mercer, Novo Shoes
The voluntary administrators have entered into a period of exclusivity with The Shoe Group for the sale of most of the iconic retailer.
Cettire downgrades profit again, shares crash 30pc
A surprise trading update by the luxury platform reveals a big miss in analyst consensus expectations and the possibility of a capital raising.
Amazon launches new marketplace to rival Officeworks, Harvey Norman
The online retail giant plans to bolster its growth in Australia with a new online offering that will target businesses and government customers.
How this leader turned around a suffering retail brand
T2 Tea’s Christelle Young, winner of the Financial Review Women in Leadership Award in the Retail, hospitality and property category, has leaned into transparency to effect change.
Shein shifts Australian marketplace to Singapore, raising tax question
The Chinese online fast fashion giant, which has expanded rapidly with low prices and a large range of merchandise, moved transactions to an overseas entity.
Mecca Brands revenues up 25pc to $1.2b but profits stay flat
The strong revenue increase for calendar 2023 was offset by expenses growing by a similar percentage.
David Jones, Qantas loyalty tie-up will challenge Wirth’s Myer reboot
The country’s two department store chains are going head-to-head in the battle to leverage customer loyalty, both relaunching rewards programs within weeks.
Country Road Group chief executive exits after four years
Raju Vuppalapati had been with the fashion retailer since 2021 and overseen the repositioning of brands from Trenery to Witchery, Mimco and Politix.
Mark McInnes to earn $2m for executive role at Lovisa
The retailer is adding to his responsibilities with Brett Blundy’s empire, joining the jewellery group which the billionaire chairs.
Minister accused of intervention in penalty rates case
New Workplace Relations Minister Amanda Rishworth’s letter to the Fair Work Commission has prompted it to consider delaying its ruling on retail workers’ penalty rates.
Pharmacy chain ‘underdog’ takes the fight to Chemist Warehouse
Peter Piliouras helped the billionaire Shahin family build On The Run, sold to Viva for $1.15b. He is now driving pharmacy expansion at Star Discount Chemist.
Sydney’s Phocas sells to Californian tech investor for $500m-plus
It is a spectacular outcome for Phocas’ founders, who bootstrapped it for nearly 15 years and will share the spoils with only a handful of external investors.