![Woolworths has won its case against the competition watchdog. Pictured: Chairman Gordon Cairns and CEO Brad Banducci.](/web/20161218013602im_/http://www.smh.com.au/content/dam/images/g/t/c/n/p/5/image.related.wideLandscape.460x259.gtcn7y.png/1481893495416.jpg)
ACCC walks away from Woolworths cash-demand case
The competition watchdog will not appeal a Federal Court ruling that Woolworths did not act unconscionably when it demanded up to $60 million in cash from suppliers to plug a profit shortfall.
The competition watchdog will not appeal a Federal Court ruling that Woolworths did not act unconscionably when it demanded up to $60 million in cash from suppliers to plug a profit shortfall.
Coles, Woolworths, Target, Bunnings, Kmart, Myer, David Jones, JB Hi-Fi and now Big W are all run by men.
SurfStitch has alleged that its ex-CEO and would-be suitor conspired to inflate revenues and profits in the first half of 2016.
The shops will be chockers on Fridays as shoppers seek out everything from Harry Potter to fragrances and coffee machines.
Besieged infant formula business Bellamy's is facing two more potential class actions after ACA Lawyers and Slater & Gordon announced they were both investigating shareholder claims against the Launceston-based operation.
Former Billabong boss Matthew Perrin has admitted he regularly signed his wife's name on legal documents.
More than 700 workers will be out of a job in the new year after Payless Shoes' administrator says the shoe chain is shutting up shop.
The infant formula company faces a class action lawsuit being led by Maurice Blackburn, with two other firms also considering taking action.
Perron Group has bought a stake in Westfield Woden.
Organic infant formula producer Bellamy's Australia has asked the Australian Stock Exchange to suspend its shares immediately.
Woolworths has found new jobs for more than 1500 of its former Masters workers in Australia's biggest supermarket chain.
Temple & Webster is merging the Milan Direct collection into its own online store and shutting down the Melbourne office of the high profile brand.
The secretive German supermarket paid $71.56 million in tax in the 2014-15 financial year, in figures disclosed by the Australian Taxation Office.
Domino's stands to double its share of the $23b takeaway food market, but higher labour costs could crimp franchisee margins.
Adminstrators say prospective buyers are circling the collapsed specialist storage retailer.
China-focused baby formula company expected to deliver more bad news by Wednesday.
Howards Storage World has been tipped into administration weeks before Christmas, with a restructuring team from Deloitte appointed to the specialist retailer on Friday.
"We think it would be pretty appalling if it were seen as a green light to do the same thing again," suppliers say after Woolworths wins court case.
Australia Post is bracing for a record number of parcels to pass through its processing centres for delivery on Monday.
It's the "must have" toy that's causing tears, endless car trips, and parents to pay five times the retail price.
Australian businesses are struggling to get advertising platform Facebook to act on scams that use their company logos and branding and which lead to complaints from ripped-off consumers.
There have been few bigger darlings of the Australian sharemarket than Bellamy's.
Australia's largest department store wins continuous disclosure battle.
Australians have been slow to embrace grocery home deliveries. But this could change as online retail giant Amazon readies to head Down Under.
There's a big difference between something being legal and being morally right.
The Federal Court has ruled Woolworths did not break the law by demanding retrospective payments from suppliers to bolster its profit result.
When Jeff Kennett presented Coles boss John Durkan with a demand for a compensation payment of more than $1 million for a mistreated supplier the reaction was telling.
Wesfarmers chief Richard Goyder has dismissed talk Bunnings boss John Gillam quit his post in protest over missing out on the top job.
To the extent that the soon-to-be-departing head of Bunnings John Gillam made a mistake, it was to turn down an approach to become chief executive at Woolworths.
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