1200 jobs gone at failed Scott’s
The liquidation of Australia’s largest refrigerated logistics company has begun with 1200 out of its 1500-strong workforce losing their jobs.
The liquidation of Australia’s largest refrigerated logistics company has begun with 1200 out of its 1500-strong workforce losing their jobs.
Fund managers invested in takeover target InvoCare have applauded the high premium baked into TPG’s offer but won’t be rushing the bid just yet as they await further details of the deal.
Coles has conceded to its suppliers that rising rates and prices are hitting consumers hard, with customers rushing to take advantage of sales and promotions at the checkout.
Myer has signed an agreement with American Express that will allow Amex cardholders to use their membership reward points to shop at the department store.
It was a mix of business and pleasure as US rapper Snoop Dogg and his entourage dropped in on Treasury Wine Estates CEO Tim Ford at the winemaker’s Melbourne HQ on Friday.
Shoppers head to David Jones, which was recently sold to private equity, and Country Road for new fashion and apparel, despite the challenging economic environment.
The Albanese government’s super tax change was a ‘good thing to do’, according to AustralianSuper chair Don Russell, who says the system needs a ‘tidy up’.
Australia’s largest shopping centre, Melbourne’s Chadstone, opens its new dining and entertainment precinct and doesn’t think economic headwinds will crash its party.
Booktopia is the latest online pure play retailer to post ballooning losses and falling sales as the economy opens up from Covid-19 lockdowns.
Billionaire retailer Gerry Harvey says the RBA and governor Philip Lowe are being ‘unfairly targeted’ as the central bank attempts to navigate the economy through unprecedented times.
Original URL: https://www.theaustralian.com.au/author/eli-greenblat/page/63