Today
Investors fear more profit downgrades as pricing power crumbles
Erosion of pricing power for which many companies were once vaunted is shaping as the next leg of the confession season with less than a month of trading left.
- Simon Evans
May
- Opinion
- Chanticleer
Guzman y Gomez’s $2.2b float is a small-target bet on growth
Much-hyped Mexican fast-food chain GYG has big long-term goals, but its near-term targets are more measured. The debate now will all be about valuation.
- Updated
- James Thomson
‘Huge milestone’: Guzman y Gomez flags $2.2b IPO
After nearly 20 years in business, the Mexican food chain will make its ASX debut in June.
- Updated
- Carrie LaFrenz and Tom Richardson
- Opinion
- Chanticleer
Why Chemist Warehouse deal could create a ‘governance Frankenstein’
The unique family business has a staggering level of related party transactions. How that will work in an ASX-listed company remains unclear.
- James Thomson
- Exclusive
- Food & drink
Jon Adgemis strikes $400m refinancing deal to save pub empire
The former KPMG dealmaker will likely stay on as executive chairman of his Public Hospitality Group after reaching a deal with Deutsche Bank to avert collapse.
- Primrose Riordan
Guzman y Gomez co-founder quits board as it pursues IPO
The Mexican-themed chain has recently lured new investors at a $1.73 billion valuation and is backed by TDM Growth Partners and Barrenjoey Capital Partners.
- Primrose Riordan
How the Turner women are creating a legacy beyond Flight Centre
Graham Turner may have turned Flight Centre into a household name, but wife Jude and daughter Jo have a different approach to business.
- Yolanda Redrup
Embattled ex-Country Road exec is posting through it
In a crisis, one can go to ground, lawyer up, or just hope the relevance-deprived LinkedIn hordes high-five one’s good vibes.
- Myriam Robin
PetO snares stores from Woolworths-backed pet group
The supermarket giant’s long-running process to buy PETstock completed the last competition hurdle with privately held PetO swooping in to acquire some sites.
- Carrie LaFrenz
Why Harvey Norman, JB Hi-Fi could be AI winners
Microsoft is making big bets on faster, more sophisticated computers. Harvey Norman, JB Hi-Fi and Officeworks could be unexpected beneficiaries.
- Jemima Whyte
- Exclusive
- Fashion retail
Why Cue founder split with designer Dion Lee
In his first comments since the fashion label of designer Dion Lee fell into administration, backer Rod Levis says the company “needs a lot more finance”.
- Carrie LaFrenz
Shaver Shop chairman caught up in craft brewery woes
Brodie Arnhold is a director and shareholder of Sou’West Brewery, which collapsed this month, joining other victims of the slowdown in spending and rise in costs.
- Simon Evans
Membership crackdown could hurt Kogan.com’s ‘north star’
Investors are betting regulation changes to lucrative membership programs will hurt the retailer’s major profit driver at a time earnings are already under pressure.
- Carrie LaFrenz and Tom Richardson
Australian designer to the stars Dion Lee goes under
Fifteen-year-old fashion label Dion Lee will continue trading while the administrator assesses the business and options regarding the remaining US entity.
- Lucy Dean
- Opinion
- Retail
Why Olivia Wirth’s top Myer role is a governance fail
Myer’s decision to appoint Olivia Wirth as executive chair and CEO has stunned corporate governance experts but has the full support of Solomon Lew.
- Sue Mitchell
- Exclusive
- Pubs
Public Hospitality Group’s Jon Adgemis raided by tax authorities
The company, which owns a sprawling portfolio of pubs, has been attempting to refinance its significant loans with Deutsche Bank in a bid to avert collapse.
- Updated
- Primrose Riordan and Sarah Thompson
Supersized profits: how McDonald’s beat the health-food movement
The 2004 movie ‘Super Size Me’ lead to a backlash against McDonald’s. Twenty years on, the stock is up almost 1000 per cent.
- Brian Gallagher
Carlyle, Amicaa fund $128m management buyout of NZ fuel retailer NPD
Street Talk can reveal the pair have signed off on a debt financing deal to fund a management buyout the 55-year-old family-owned business.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Four executives exit Bunnings amid ‘reshaping’ of top management
Bunnings managing director Mike Schneider has overhauled his top management team, but he says it’s not part of a cost-cutting blitz.
- Simon Evans
Lenders move on Adgemis’ El Primo Sanchez bar
The move comes amid debt refinancing negotiations led by major lenders to the dealmaker’s hospitality empire.
- Primrose Riordan
