Yesterday
Lovisa investors remain bullish despite high-profile CEO exit
But brokers have downgraded the Brett Blundy-controlled chain as the executive who oversaw rapid international expansion, Spaniard Victor Herrero, leaves.
- Carrie LaFrenz
This Month
- Opinion
- Chanticleer
Brett Blundy’s poaching of Solomon Lew’s exec leaves a big question
As Solomon Lew’s Premier Investments considers a spin-off of Smiggle, the departure of the chain’s boss, John Cheston, raises questions about the timing of such a deal.
- James Thomson
Brett Blundy poaches new Lovisa boss from Solomon Lew’s retail empire
The jeweller’s chief executive, Victor Herrero, will be succeeded by John Cheston, who runs Smiggle. Premier Investments has been hoping to float the kid’s stationery chain.
- Updated
- Carrie LaFrenz
May
- Exclusive
- BOSS
How Geoff Wilson assembled his investment dream team
Philip Lowe, Jennifer Westacott, Mike Baird, David Paradice, Andrew Forrest and Solomon Lew are among the heavy-hitters who have joined Geoff Wilson’s charitable mission to raise money for kids.
- Patrick Durkin
- Exclusive
- Luxury property
Racing heavyweight lists $5.3m penthouse with three terraces
Steve Rosich, who resigned as CEO of the Victorian Racing Club, is selling his Toorak penthouse, while former David Jones CEO Mark McInnes has completed his mansion upgrade nearby.
- Bonnie Campbell
- Opinion
- Retail
Why Olivia Wirth’s top Myer role is a governance fail
Myer’s decision to appoint Olivia Wirth as executive chair and CEO has stunned corporate governance experts but has the full support of Solomon Lew.
- Sue Mitchell
April
‘What Paula wants, Paula gets’: Lindsay Fox’s $152m birthday surprise
A high-profile birthday singalong broke out on billionaire Lindsay Fox’s birthday at the official opening of new $152 million Paula Fox Melanoma and Cancer Centre in Melbourne on Friday.
- Patrick Durkin
Solly Lew’s stake in Myer creeps up to 31pc; UCP on trade
The trade would take Premier Investments to circa 31 per cent of the Australian retail giant’s register.
- Sarah Thompson, Kanika Sood and Emma Rapaport
March
- Updated
- Earnings season
Solomon Lew advances plan to break up Premier Investments
The billionaire rag trader says the aim is to spin off the children’s stationery brand Smiggle and PJs brand Peter Alexander in 2025.
- Updated
- Carrie LaFrenz
- Opinion
- Chanticleer
Solomon Lew’s $3b bet on global growth
Premier Investments is set to split itself in three, launching the Smiggle and Peter Alexander divisions onto the ASX as separate companies.
- Updated
- James Thomson
Bankers’ housing alert; Lew’s $3b bet; PwC’s power players
Read everything that’s happened in the news so far today.
How loyalty saved Myer from the retail graveyard
In 2019 Myer’s loyalty scheme was terminal. Five years later, it is central to driving sales at the recharged department store.
- Carrie LaFrenz
Why Brookfield wants Optus | Myer boss’ big test | Could AI be deflationary?
This week, James and Anthony examine what SingTel could gain from selling Optus, look at whether an ex-Qantas exec could grow Myer, and discuss two tectonic shifts in markets that will decide the next decade.
- Opinion
- Chanticleer
Olivia Wirth parachutes into Myer with a mission
Wirth faces a steep learning curve as Myer’s new executive chairwoman. But she has three things on her side – including the backing of Solomon Lew.
- Updated
- James Thomson
- Updated
- Executive shake-up
Former Qantas Loyalty chief executive Olivia Wirth to run Myer
She will assume the role of executive chairwoman at the Solomon Lew-backed retailer, which also announced a fall in its interim net profit on Thursday.
- Updated
- Carrie LaFrenz
Cult label Aje cuts 20 staff after massive stock clearance
The fashion label has let a number of senior staff go, but its co-founder says the move is simply a restructure and that the business is trading as usual.
- Lauren Sams and Sarah Thompson
Queensland label Dissh lands investment from billionaire Brett Blundy
The businessman behind Lovisa and Accent Group has taken a 40 per cent stake valued at $135 million in the Brisbane-headquartered fashion brand.
- Carrie LaFrenz
February
Breville shares tank as coffee machine maker quits deep discounts
The small appliance maker’s shares dropped more than 10 per cent after weaker sales in Australia and the US hurt its top line.
- Carrie LaFrenz
Myer intensifies CEO search after missing out on McInnes
Myer’s new chairman, Ari Mervis, and the one-time David Jones boss were in advanced talks, but unable to agree to terms.
- Carrie LaFrenz
January
- Opinion
- Chanticleer
Brett Blundy hires Mark McInnes as golden handcuffs come off
McInnes is cautious about the consumer outlook, but says the retailers inside the empire of his billionaire new employer have the three traits needed to win.
- James Thomson
