Yesterday
Surge in Cettire sales fails to win over investors
The embattled online luxury retailer surprised the market with the early release of quarterly sales numbers, but they failed to stir the share price.
- Jonathan Shapiro
This Month
- Opinion
- Retail
Supermarket payback: How to overcome suppliers’ fear of complaining
The interim review of the Food and Grocery Code of Conduct tries to overcome suppliers’ fear of retribution from major retailers, but it may not go far enough.
- Sue Mitchell
- Opinion
- Supermarkets
Emerson review has no evidence to support mandatory supermarket code
Amazon and Bunnings aren’t covered because consumers love them. That shows it is all about political cover to bash Coles and Woolworths for inflation.
- Robert Hadler
- Exclusive
- Food & drink
Publican Jon Adgemis’ luxury yacht not safe from creditors
Lenders tipped a company which owns the vessel into receivership last month – before handing it back. He is attempting to refinance his sprawling hotel empire.
- Primrose Riordan and Sarah Thompson
- Opinion
- Chanticleer
There is something about GYG that makes it impossible to ignore
The Guzman y Gomez story is now spicier than one of its $13.70 chicken burritos. It is interesting to see who bought in, and why.
- Anthony Macdonald
- Updated
- Food
Guzman y Gomez lures new investors and hits $1.73b valuation
The Mexican-themed restaurant chain has four new heavyweight backers on its shareholder register after raising $135 million to support its growth.
- Updated
- Simon Evans
Bunnings doesn’t overshadow plant sale rivals, says boss
MD Mike Schneider says the hardware giant has only a 25 per cent market share in plants and flowers, but industry group Greenlife says it has 70 per cent.
- Simon Evans
- Opinion
- Chanticleer
We’re still waiting for the silver bullet for grocery prices
Cost of living pressures may have led to the current rush of grocery inquiries, but we’re no closer to finding the solution.
- James Thomson
- Opinion
- The AFR View
No hard data to back more costly supermarket regulation
The review represents a welcome move to contain any potential regulatory overreaction while also playing along with Labor’s political diversion to blame the two big supermarkets during the inflation outbreak.
- The AFR View
- Opinion
- Supermarkets
Compulsory grocery code strikes right balance
The interim report seeks to prevent big supermarkets from abusing their market power while rejecting populist policies such as forced divestiture of stores.
- Craig Emerson
Nasdaq hopeful clashes with ATO over $1m tax debt
Innovation Beverage Group, the name behind Australian Bitters Co, has been trying to convince the tax office to remove a default notice published last month.
- Max Mason and Carrie LaFrenz
Cettire admits to tax queries from Texas authorities
But it says that the issue has been resolved. The luxury fashion marketplace has since March been under intense investor scrutiny over its business model.
- Jonathan Shapiro and Carrie LaFrenz
Mighty Craft in last ditch sell-off to get debt burden under control
The ASX-listed group, which owns a big stake in Better Beer, has sold Mismatch Brewing and the 78 Degrees spirits business to a consortium of publicans.
- Simon Evans
Cettire shares slide 16pc on Bell Potter downgrade
The company’s house broker said the luxury marketplace would continue to outperform peers, but it would be harder for it to generate high growth.
- Updated
- Carrie LaFrenz and Jonathan Shapiro
Endeavour looks to distance itself from supermarket model
Australia’s largest liquor retailer told a Senate inquiry into grocery prices that it was not like the major supermarkets.
- Carrie LaFrenz
March
Jan Cameron fined $8000 for misleading market over Bellamy’s stake
Once one of the wealthiest women in the country, the Kathmandu founder had been found guilty of hiding her big stake in the baby formula group.
- Max Mason
Why investors either love or hate online luxury retailer Cettire
This week on The Fin podcast, Jonathan Shapiro and Carrie LaFrenz take us inside their shopping experiment and talk about why Cettire is so polarising.
- Exclusive
- Retail
David Jones pens new tech deal to power $35m fresh revenue
The Anchorage Capital-owned department store has signed up US advertising firm Criteo to help it boost revenue and profitability.
- Carrie LaFrenz and Sam Buckingham-Jones
- Updated
- Earnings season
Solomon Lew advances plan to break up Premier Investments
The billionaire rag trader says the aim is to spin off the children’s stationery brand Smiggle and PJs brand Peter Alexander in 2025.
- Updated
- Carrie LaFrenz
- Opinion
- Chanticleer
Solomon Lew’s $3b bet on global growth
Premier Investments is set to split itself in three, launching the Smiggle and Peter Alexander divisions onto the ASX as separate companies.
- Updated
- James Thomson
