US firm slashes Costa takeover bid by $100m
US buyout firm Paine Schwartz Partners has slashed the value of its takeover bid for Australia’s leading fruit and vegetable grower and packer Costa Group by $100m.
US buyout firm Paine Schwartz Partners has slashed the value of its takeover bid for Australia’s leading fruit and vegetable grower and packer Costa Group by $100m.
The CEO of wholesaler Metcash, Doug Jones, has confirmed the company is conducting a review of its flagship supermarket division to better cope with the changing retail landscape.
Metcash supermarkets such as IGA and Foodland have lost some market share to their heavyweight rivals, the CEO has conceded.
Casella Wines has seen its profit slump by more than half on currency volatility and costly hedging contracts, but its wines still remain popular from New York to Tokyo.
Myer department store chief executive John King believes warmer weather and his preparations for Christmas celebrations will help arrest slowing sales growth since July.
Australian households are being stretched by the cost of living but still enjoyed a spending spree to celebrate the Matildas’ run at the recent World Cup on home soil.
The Japanese chemicals giant, which already owns Dulux paints and Selleys, is adding to its consumer portfolio with a deal to buy Pental brands including White King bleach and Lux.
With Pact’s share price down 80 per cent since its float in 2013, richlister and majority owner Raphael Geminder has lobbed a $232m takeover bid.
Australian households on low and middle incomes plan to rein in their spending in the next year, according to a UBS survey.
A lack of bricklayers and other trades among a generation more interested in screens than working outside will make building 30,000 new homes tough, says the Brickworks boss who can’t run his factory at full capacity.
Original URL: https://www.theaustralian.com.au/author/eli-greenblat/page/40