This Month
Solly Lew’s stake in Myer creeps up to 31pc; UCP on trade
The trade would take Premier Investments to circa 31 per cent of the Australian retail giant’s register.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Nick McKim’s Senate antics make it all worse
This is all entirely on brand for McKim, a man eternally promoting simple, populist solutions to complicated problems.
- Myriam Robin
- Investigation
- Food & drink
Jon Adgemis’ high-wire act is coming unstuck
The former KPMG dealmaker burst onto the hospitality sector after buying up a string of venues. Huge debts and angry lenders are threatening to push it over.
- Primrose Riordan and Sarah Thompson
- Opinion
- Chanticleer
After Woolies brawls, Coles busts supermarket profit myths
Political theatre and business bashing won’t deliver a magic bullet for bringing down grocery prices - because there isn’t one.
- Updated
- James Thomson
- Analysis
- Supermarket inquiry
What is the true measure of a grocer’s profitability?
There’s solid ground to dismiss Nick McKim’s use of return on equity. But his audience is not wonky accountants – it’s disgruntled punters facing higher bills.
- Jonathan Shapiro
12 big players dominate fruit and vegetable supplies
12 suppliers make up half of the total value of all fruit and vegetables sold in Woolies; Coles paid its staff $5 billion in wages last year; Woolworths boss threatened with jail. How the day unfolded.
- Updated
- Tom McIlroy
- Opinion
- Chanticleer
The Senate cage match that saw Woolies CEO threatened with jail
Brad Banducci and Greens senator Nick McKim played a brutal game of verbal tennis over Woolworths’ profitability.
- James Thomson
- Updated
- Supermarket inquiry
Woolworths, Greens in fiery clash on profits
Outgoing Woolworths boss Brad Banducci was threatened with six months in jail for contempt of the Senate, in a fiery Senate hearing that went off the rails on Tuesday.
- Carrie LaFrenz and Tom McIlroy
Domino’s Pizza faces market scepticism over France, Japan turnaround
Shares in the pizza maker have sunk to their lowest since August 2019, with analysts underwhelmed by its strategy to fix the struggling overseas businesses.
- Simon Evans
Brokers split on Cettire despite surge in sales this year
Two of the four investment bank analysts following the luxury clothing marketplace have lowered their share price forecasts this year after an update last week.
- Jonathan Shapiro and Carrie LaFrenz
Jon Adgemis races for rescue deal in talks with Deutsche Bank
Bain Capital formally walked away from a $500 million-plus refinancing of his empire last weekend.
- Primrose Riordan
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
- 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
- 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