Retail

 

Wine export growth fastest since 2007

Simon Evans 7:46 PM   Falling Australian dollar and growing demand from China boost exports from $4 billion wine industry.

Westpac rate rise no Christmas spoiler: Myer

Myer chief and manging director Richard Umbers  is optimistic about Christmas spending

Catie Low 5:28 PM   Myer chief and managing director Richard Umbers is upbeat about Christmas spending despite the spectre of interest rate rises.

Christmas shoppers face a mixed bag

Santa may face some surprise price rises this Christmas

Patrick Hatch 12:19 PM   Australians face a mixed bag of price hikes and pleasant surprises in their Christmas shopping trolley this year.

Quiksilver gets nod for bankruptcy loan

The financing and the plan-support agreement put Oaktree in a commanding position to take over the Huntington Beach, California-based surfwear retailer by the end of January.

Michael Bathon 11:04 AM   Quiksilver won court approval for $US175 million in bankruptcy financing and an agreement with Oaktree to support its restructuring.

ACCC may torpedo $146b global beer deal

With brands including Victoria Bitter and Carlton Draught, SABMiller is already Australia's biggest brewer.

Lincoln Feast 10:59 AM   Local regulators are likely to raise concerns over beer giants' plan top create world's largest brewer.

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VW forced to recall 8.5m diesels

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Arne Delfs, Christoph Rauwald and Elisabeth Behrmann 10:01 AM   Seeking to salvage Germany's reputation as the "No. 1 auto country," authorities take a hardline approach.

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Dinnigan says scalping proves Aldi designs are good value

"Even at double the price it's still good value," says Collette Dinnigan.

Catie Low 6:09 AM   Collette Dinnigan has celebrated the scalping of her designs for Aldi online, claiming it just proves the designs are great value, even at twice the price.

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Senate no 'road block' to effects test

Malcolm Turnbull will fly to New Zealand on Friday for his first overseas trip as prime minister.

Catie Low   ACCI is confident the Senate will not put 'road blocks' in the way of strengthening competition law if it gets the nod from cabinet.

Nike plans to double women's business

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Matt Townsend   The sporting goods maker is banking on the fitness-fashion trend to double its sales to women and march toward $50 billion ($68 billion) in sales.

Quicksilver quashes Billabong merger rumour

Shares in Quicksilver tumbled 32 per cent to US85c in New York - the biggest one-day decline since June last year.

Sue Mitchell and wires   Quicksilver has been quick to dismiss rumours of a merger with arch rival Billabong.

Oaktree may combine Quiksilver with rival Billabong

Oaktree owns about 20 per cent of Australia-based Billabong.

Michael Bathon   Oaktree Capital Management may consider combining bankrupt surfwear retailer Quiksilver Inc with Billabong International, a brand the investment firm already owns a stake in.

Aisle wars at Aldi as parents vie for Dinnigan designs

Mothers queued outside Aldi stores on Wednesday to get their hands on Collette Dinnigan's clothing range for girls.

Catie Low   Collette Dinnigan's Young Hearts fashion range for Aldi had shoppers jostling over polka dot bathing suits and pretty print dresses.

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Domino's Pizza still hungry after gobbling French rival

Domino's expects net profits to climb 20 per cent this year.

Sue Mitchell   Domino's Pizza Enterprises is scouting for further acquisitions overseas after cementing its leading share of the French pizza market.

Investors in the pink as Baby Bunting shares surge

Baby Bunting shares, issued at $1.40, reached $2.02 before closing at $1.86, delivering strong gains for existing shareholders.

Sue Mitchell   Private investment company TDM Asset Management's punt on a family-owned baby goods retailer three years ago has paid off in spades. Shares in Baby Bunting surged as much as 44 per cent on its ASX debut.

Treasury eyes split after Diageo buy

Treasury Wine Estates chief executive Mike Clarke is splashing out.

Simon Evans   Treasury Wine Estates chief executive Mike Clarke has raised the prospect of splitting the company in two, into a luxury wine business and a commercial wine group, after paying $754 million for Diageo's wine business.

Five reasons why Megabrew is such a big deal

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Elizabeth Fournier and Amy Thomson   Here's how the $146b tie-up between Anheuser-Busch InBev and SABMiller rates in corporate history.

Aldi ups ante on Coles, Woolworths

Aldi is luring staff with promised of 5 weeks annual leave

Julie-anne Sprague   Aldi is offering sweetened annual leave conditions as it tries to lure retail store managers. But buyer be warned - some salaries face a hefty chop for the first six months.

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Uncle Tobys cuts fat, salt and sugar in muesli bars

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Esther Han   Food companies are cutting salt, fat and sugar as consumers start to take more notice of health-star ratings.

Where to seal the biggest beer deal ever?

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Ruth David, Matthew Campbell and Manuel Baigorri   Drawn up by a handful of men in a one-lane street in London, the $146b deal creates a mega brewer that makes one beer in every three worldwide, and claims half of the industry's profits.

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Customer loyalty comes at a price

Not just successful at selling pizzas: Domino's has been named as one of the most successful corporate dealmakers.

Sue Mitchell   Australian companies may soon be offering shares in themselves to strengthen their connection with customers.

VW doubles down on electric cars after scandal

Former VW chief Martin Winterkorn, who stepped down amid the emissions test rigging scandal, beside a Volkswagen Golf GTE electric automobile. The company now plans to push electric cars.

Andreas Cremer and Jan Schwartz   The embattled carmaker looks to electric plug-in vehicles to salvage its reputation after the diesel emissions scandal.

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Mazda Australia doubles profits

Mazda CX-5 Maxx Sport.

Simon Evans   Mazda now has a better market share in Australia than it does in Japan.

Airbnb and eDreams forced to declare mandatory fees after ACCC crackdown

Airbnb.

Esther Han   Airbnb and eDreams will have to disclose unavoidable fees upfront after the ACCC found their drip-pricing tactics broke the law.

7-Eleven franchisees' concern grows

A recent "Four Corners" and Fairfax investigation exposed the underpayment of workers in 7-Eleven franchises.

Adele Ferguson and Sarah Danckert   7-Eleven franchisees have attended a meeting of store owners with trepidation as concern mounts about the franchise termination clauses in the new store contracts being drafted up by head office.

Woolworths, Lowe's tip $105m into Masters as deadline looms

Woolworths and Lowe's have now invested $3.3 billion into their loss-making home improvement venture.

Sue Mitchell   Woolworths and its US home improvement partner Lowe's have tipped another $105 million into their loss-making joint venture only weeks before Lowe's is eligible to exercise its right to sell its 33 per cent stake.

7-Eleven operator to face court

7-Eleven has appointed Michael Smith as its new chairman with a mandate to fix the problem and repair the franchise giant's damaged reputation.

Adele Ferguson and Sarah Danckert   The former owner-operators of a Melbourne 7-Eleven store will face court for allegedly underpaying 12 employees more than $84,000.

Ex-Myer CEO Brookes enjoys big payout

Bernie Brookes (left) has stepped down as Myer chief executive and has been replaced by Richard Umbers.

Sue Mitchell   Former Myer boss Bernie Brookes earned $4.3 million in his final year at the helm, a 65 per cent jump on a year ago.

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Overpaid for underperformance

Elizabeth Knight.

Elizabeth Knight   Falling profits and a diving share price didn't stop a 27 per cent jump in salary for Bernie Brookes.

Greens introduce franchise bill in wake of 7-Eleven scandal

7-Eleven has appointed Michael Smith as its new chairman with a mandate to fix the problem and repair the franchise giant's damaged reputation.

Adele Ferguson and Sarah Danckert   The Greens have introduced a bill to make head offices accountable for the wages and conditions of their franchisee's employees, following the worker exploitation scandal at 7-Eleven. 

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Peter Jackson suits up for stylish expansion

Iconic menswear label Peter Jackson will have invested  up to $8 million in expanding its store footprint by the end of this calendar year.

Catie Low   Melbourne men's fashion label wants a network of 55 stores along the eastern seaboard.