Penfolds primed for China relaunch
The maker of luxury wine Penfolds is seeing a continued trend in drinkers seeking more pricey wines to enjoy, but it wasn’t enough to avoid a drip in annual profit.
The maker of luxury wine Penfolds is seeing a continued trend in drinkers seeking more pricey wines to enjoy, but it wasn’t enough to avoid a drip in annual profit.
The consumer electronics giant posted record annual sales and a profit slightly ahead of market expectations, but has warned of ‘heightened uncertainty’ in the retail sector.
ASX-listed biotech Neuren Pharmaceuticals is about to receive something incredibly rare in the Australian biotech sector – a cheque in the mail for drug sales.
The delivery times for furniture to customers and better profit margins on couches, chairs and tables has helped Nick Scali post better than expected profits for 2023.
The baby products retailer is warning of impacts from the downturn in consumer spending as new parents pull back on purchases.
If there’s a cost-of-living crisis in Australia, no one’s told consumers who have the desire and means to drape themselves in Gucci, Hermes or Dolce & Gabbana.
The online luxury retailer is now worth almost three times the value of Australia’s largest department store Myer while its CEO and founder is now worth almost $750m.
A new Amazon warehouse in Melbourne utilising robots and creating 2000 jobs will cover an area equivalent in size to 11 MCGs.
Sydney sisters Nicky and Simone Zimmermann have sold a major stake in their fashion brand, in a move set to see them rise up the ranks of Australia’s richest people.
Sales have slowed in the second half to almost a complete halt, but the department store looks to have dodged the worst of the retail rout as the economy slows.
Original URL: https://www.theaustralian.com.au/author/eli-greenblat/page/45