Yesterday
- Exclusive
- AGM season
Myer board spill to go down to the wire
There are still a few outstanding important votes yet to be handed in with Geoff Wilson keeping coy on his intentions, while Investors Mutual’s Simon Conn is backing the retailer’s board.
- Carrie LaFrenz
Brickbats for Gerry, bouquets for Katie
Gerry Harvey thinks he’s been “bullied” about his booming business’ JobKeeper haul, but CEO Katie Page can’t be feeling the heat.
- Myriam Robin
Step One underwear quickens pace in booming ASX debut
CEO Greg Taylor added $150 million to his personal wealth as the “no-chafing” underwear group’s shares jumped 80 per cent.
- Simon Evans
Konvoy Kegs brews $30 million raise ahead of summer beer rebound
The kegs rental group CEO says November is “going to be a monster”, with robust beer demand considered a lead indicator of the economy.
- Simon Evans
October
- Exclusive
- Retail
Accent’s new activewear brand Exie opens two stores in Melbourne
The end to the city’s 250 days of pain finished up a little over a week ago on October 21, but most major stores are throwing doors open at 6pm Friday until late night.
- Carrie LaFrenz
Forrest backs $425m buyout of Huon Aquaculture by Brazil’s JBS
Iron ore billionaire Andrew Forrest ended up backing the $425 million buyout of the Tassie salmon group after criticising it in the lead-up.
- Simon Evans
Amazon’s sales forecast suggests pandemic boom is over
Amazon’s revenue and profit missed projections for the third quarter and higher costs would cut further into profit in the final three months of 2021.
- Matt Day
Feral Brewing up for sale as Coca-Cola Europacific exits beer
Four years after the Perth craft brewer was swallowed up by the soft drinks giant, it is being cut loose.
- Simon Evans
Coles sales edge up, pallets squeeze a concern
The retailer incurred $75 million in first-quarter COVID-19 costs, which accelerated in August-September as 20,000 staff had to isolate in NSW and Victoria.
- Updated
- Carrie LaFrenz
- Opinion
- Chanticleer
‘Pallet-gate’: Inside Australia’s bizarre supply chain squeeze
As blockages build in the plumbing of the global economy, supermarket giant Coles is battling a logistical problem that would be funny if it wasn’t so serious.
- Updated
- James Thomson
Lockdowns turn down volume at JB Hi-Fi
CEO Terry Smart says supply chain disruptions make for a wild ride from week to week but “we feel like we’ve got it under control”.
- Simon Evans
Woolworths says at-home consumption boom starting to unwind
CEO Brad Banducci says people in Sydney are going out to dinner, and that’s slowing sales of grocery items for the evening meal.
- Updated
- Simon Evans
- Exclusive
- Family business
Grocer Harris Farm Markets keeps it in the family
After a four-month sales process advised by Goldman Sachs, strong trading conditions have helped the Harris family decide they want to keep growing on their own.
- Jemima Whyte
Adore Beauty needs a makeover
True bravura is putting other people’s money where your mouth is.
- Joe Aston
China’s infant formula golden days are gone, says Bega
Bega chairman Barry Irvin says the buyout of Lion’s dairy and flavoured milk business in late 2020 has been a “bargain purchase”.
- Updated
- Simon Evans
- Exclusive
- Online shopping
Stylerunner co-founders aim to shake up digital coupon market
Former Financial Review Young Rich Lister Julie Stevanja and her twin sister, Sali Sasi, are launching a women’s shopping app.
- Carrie LaFrenz
Brazil’s JBS wins FIRB approval in Huon salmon bid
Huon’s shareholders will vote on the $3.85 per share buyout proposal by the Brazilian meat giant on Friday.
- Updated
- Simon Evans
Nick Scali benefits from post-lockdown sofa rush
Shipping costs are rising sharply and disruptions in the supply chain mean uncertainty on deliveries, but there’s pent-up demand.
- Simon Evans
Marley Spoon targets pandemic pooches with dog food delivery
The home meal kit group now delivers to dogs as well as their owners, even as its shares take a hit from Woolworths selling its stake.
- Simon Evans
Super Retail primed to capture pent-up demand
Chains such as Rebel Sport and Supercheap Auto were solid performers under restrictions and should benefit in the great reopening.
- Simon Evans
