Yesterday
PetO snares stores from Woolworths-backed pet group
The supermarket giant’s long-running process to buy PETstock completed the last competition hurdle with privately held PetO swooping in to acquire some sites.
This Month
- Exclusive
- Fashion retail
Why Cue founder split with designer Dion Lee
In his first comments since the fashion label of designer Dion Lee fell into administration, backer Rod Levis says the company “needs a lot more finance”.
Membership crackdown could hurt Kogan.com’s ‘north star’
Investors are betting regulation changes to lucrative membership programs will hurt the retailer’s major profit driver at a time earnings are already under pressure.
Biotech start-up raising $20m pre-IPO amid missed payment claims
Plasma start-up Aegros has been accused of not paying suppliers and missing payroll, put is still planning on a 2025 IPO.
Care A2 Plus lender applies to wind up baby formula minnow
Care A2 Plus faces the prospect of being wound up due to a long-running dispute with a lender who alleged the infant formula manufacturer defaulted on a $2.2 million loan.
Cettire founder makes rare appearance to talk up retailer’s growth
The luxury goods marketplace has been under considerable investor pressure with questions over some of the company’s duty and tax payment practices.
Calls for power to break up Coles and Woolies split inquiry
The ACCC should get new legal powers to prosecute supermarkets found to be engaging in price gouging, a parliamentary inquiry has recommended.
ASX queries Kogan executive options sale ahead of share plunge
The online retailer, in response to questions from the market operator, said it did not think a poor sales update that sent its stock tumbling was material.
Dan Murphy’s parent Endeavour posts 2.2pc sales growth
The pubs and bottle shops owner warned that market conditions have remained subdued so far in April.
Boosting investment needs more than taxpayer cash: Wesfarmers boss
Rob Scott said he was making major investments in value-added processing for lithium, but faced serious barriers from approvals processes.
OECD warns sticky inflation means rates higher for longer
The warning came as CEOs deliver upbeat assessment of the economy and financial markets push out expectations for rate cuts to May or June 2025, potentially after the next federal election.
Wesfarmers flaunts its growth record, hopeful of lithium fortune
From hardware giant Bunnings and retailer Kmart, to the emerging lithium business and health unit, Mr Scott says Wesfarmers is well-placed amid a slower economic environment.
Woolworths shareholders to pocket proceeds from Endeavour sale
The supermarket giant offloaded a 5 per cent stake in the owner of Dan Murphy’s, realising $468 million for its shares.
April
Coles wants suppliers’ help in cutting prices as shoppers seek deals
The supermarket chain’s sales rose 5.1 per cent in the third quarter but liquor sales fell as consumers cut spending by looking for cheaper alcohol options.
Super Retail legal action expands to at least four staff
Lawyers acting for employees say they offered to settle confidentially for less than a third of the $30 million to $50 million sought.
Adore Beauty CEO Morton to step down
The online beauty retailer is on the hunt for another CEO after Tamalin Morton flagged plans to exit in September.
Aldi pays mega $420m dividend to offshore parent
Newly released accounts reveal the discount supermarket chain made a hefty capital return to Austrian company Hofer KG in 2023.
Super Retail CEO and former exec accused of undisclosed relationship
The board and chief executive are expected to be named in a soon-to-be-lodged legal claim by Harmers Workplace Lawyers, Super Retail said.
Kogan executives handed $17.6m payday three weeks before stock crash
The online retailer disclosed earlier this month that key executives would be able to sell options back to the company without having to exchange them for shares.
Nick Scali mounts UK push, realising long-held dream
The Australian furniture retailer flagged an equity raising to fund deal and further invest in its new British business.
