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Bauer chief determined to proceed with $40m Pac Mags deal with Seven

Bauer chief determined to proceed with $40m Pac Mags deal with Seven

Bauer Media chief executive Brendon Hill has not been deterred by failed negotiations with Mercury Capital, adamant to get his merger with Pacific Magazines over the line.

  • by Zoe Samios

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'Deteriorating market': Why Kaufland pulled the plug on its Australian dream
Retail

'Deteriorating market': Why Kaufland pulled the plug on its Australian dream

Lacklustre local retail conditions and trouble on Kaufland's homefront were behind the German giant's shock exit, says former Myer boss Bernie Brookes.

  • by Dominic Powell and Simon Johanson
Fashion chain Jeanswest to close 37 stores, shed 260 jobs
Retail

Fashion chain Jeanswest to close 37 stores, shed 260 jobs

National fashion chain Jeanswest will shutter nearly 40 stores across the country, running the tally of retail store closures to over 200 in the new year.

  • by Dominic Powell
iSignthis top rating downgraded then reinstated by ISS arm
Regulation

iSignthis top rating downgraded then reinstated by ISS arm

Suspended tech stock iSignthis lost its 'prime' rating from ISS ESG one day after the controversial company was touting its success in receiving the highly coveted rating.

  • by Colin Kruger
Coles, Woolies to accept spotty tomatoes, deformed apples as supply concerns rise
Retail

Coles, Woolies to accept spotty tomatoes, deformed apples as supply concerns rise

Coles and Woolworths are accepting misshapen produce as part of a push to support Australia's drought and fire-affected growers.

  • by Dominic Powell
'Gobsmacked': German retail giant Kaufland abandons Australia, adding to retail woes
Retail

'Gobsmacked': German retail giant Kaufland abandons Australia, adding to retail woes

German hypermarket Kaufland says it will make an "orderly withdrawal" from the Australian market to focus further on its European investments.

  • by Dominic Powell and Simon Johanson
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Business leaders see the light of 'moral capitalism' at Davos
Opinion
Governance

Business leaders see the light of 'moral capitalism' at Davos

It is becoming increasingly clear that corporate heavyweights are changing their ways in order to protect profits and retain their social licences to operate.

  • by Stephen Bartholomeusz
Crown class action blocked from lifting gag on arrested China staff
Gaming & wagering

Crown class action blocked from lifting gag on arrested China staff

Crown Resorts employees who were charged with gambling-related crimes in China cannot assist shareholders in preparing a lawsuit against the casino giant, a court has ruled.

  • by Patrick Hatch
Mall landlords 'spooked' by collapse of high-profile retailers
Commercial real estate

Mall landlords 'spooked' by collapse of high-profile retailers

Landlords will be forced to renegotiate rents as store closures bite occupancy rates and income from malls, retailers say.

  • by Simon Johanson and Dominic Powell
James Packer to be grilled at Crown casino inquiry
Crown Unmasked

James Packer to be grilled at Crown casino inquiry

James Packer and his executives Guy Jalland and Michael Johnston, and Crown Resorts executive chairman John Alexander will all be called to give evidence.

  • by Patrick Hatch
Fetch TV confirms broadcasting deal with Eurosport
Broadcast rights

Fetch TV confirms broadcasting deal with Eurosport

Australians will soon be able to watch Discovery's sports network Eurosport on Fetch TV.

  • by Zoe Samios