Today
Rich Lister’s ‘billion dollar’ company faces $79m loss
Shaun Bonett bought into Prezzee in 2015 and has slowly increased his control over the business. New figures reveal it lost $79 million in the 18 months to December 31.
- 1 hr ago
- Primrose Riordan
This Month
- Opinion
- Food & drink
What does a $3b burrito taste like? Jill Dupleix rates Guzman y Gomez
Mexican food is at its best when it’s made by hand, with a squat stone molcajete and smoky char from a hot grill, and unlimited access to sun-dried Mexican chillies. This isn’t that.
- Jill Dupleix
- Opinion
- Chanticleer
Bullock v the burritos: $3b float speaks to the RBA’s nagging problem
Central banks have a problem: rate hikes are slowing the economy, but a wealth effect from housing and shares is keeping inflation sticky.
- James Thomson
Sluggish spending sends Kathmandu, Noni B profits to the wall
KMD Brands and Mosaic Brands, which both run a number of major clothing chains, are warning of steep falls in earnings as customers stay away from stores.
- Carrie LaFrenz
- Opinion
- The AFR View
Can big burritos save public markets?
We won’t know for many years whether Guzman y Gomez investors have overestimated Australians’ appetite for Mexican-themed restaurants.
- The AFR View
Who’s who in the Guzman y Gomez fiesta
This wasn’t an IPO debut. It was a pep rally. Steven Marks gathers the believers for his special debut on the ASX.
- Mark Di Stefano and Primrose Riordan
Guzman y Gomez has a history of missing forecasts, documents show
The bottom line is this: Guzman y Gomez hasn’t been growing as fast, or is as profitable, as management had previously predicted.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Updated
- IPO
Guzman y Gomez IPO pop to $3b lifts hopes for listings
The Mexican-themed restaurant chain’s value topped $3 billion on its debut, and there are hopes this will rekindle a stagnating market for local sharemarket listings.
- Carrie LaFrenz and Primrose Riordan
- Opinion
- Chanticleer
This ASX giant is a secret winner from Guzman y Gomez float
As Guzman y Gomez prepares for one of the most hyped floats in years, a $5 billion ASX giant is watching on with interest.
- James Thomson
Online shopping has become a giant fake-product machine
TikTok is better than any other digital platform for turning cult favourites into global bestsellers – and making counterfeiters money.
- Amanda Mull
Can Guzman y Gomez’s New Yorker frontman prove everyone wrong?
Managers say the IPO is too riddled with cushy perks for insiders to offer value. Founder Steve Marks disagrees.
- Primrose Riordan, Carrie LaFrenz and Max Mason
- Exclusive
- Retail
City Chic sales smashed by 30pc, capital raise documents show
The women’s specialty fashion retailer is raising $27.5 million at a steep discount, investors were being told this week, with its bottom line deep in the red.
- Carrie LaFrenz
Coles and Woolworths supplier HS Fresh Food collapses
Disclosures show that the administrators, FTI Consulting, first discussed their appointment to help the ailing pre-packaged meals group 12 months ago.
- Simon Evans
Cettire quietly enters China’s rocky luxury goods market
The ASX-listed retail platform had flagged the move this year. But it comes as rivals including Yoox Net-a-Porter focus on “more profitable geographies”.
- Carrie LaFrenz
- Opinion
- Food
Guzman y Gomez’s spicy burrito is a recipe for high growth
It’s easy to sound smart by being gloomy about the future of a stock, but the future of this Mexican-themed chain is positive.
- Martin Rogers
- Exclusive
- Retail
Country Road owner probes claim suppliers pressured into ‘rebates’
Woolworths Holdings has engaged a law firm to investigate whether managers improperly pushed for price cuts, threatening to buy less, to meet earnings targets.
- Carrie LaFrenz and Jonathan Shapiro
Jack Cowin taps ex-Burger King execs in France to fix Domino’s
The ASX-listed pizza chain set up in France in 2006, but only has an estimated 8 per cent share of the market. Poor international growth has hurt shares.
- Carrie LaFrenz
Chanticleer’s best calls, biggest rogues and dud deals
This week in a special episode of the Chanticleer podcast, James and Anthony take you inside Chanticleer’s 50-year anniversary lunch, and share the best stories, insights and moments.
Barrenjoey says ACCC overplaying Chemist Warehouse’s supply risks
The broker has told clients that the competition regulator has ignored independent wholesaler CH2 when warning the deal will mean less drug supply competition.
- Carrie LaFrenz and Jemima Whyte
Investors scramble for Guzman y Gomez shares amid hot demand
Sources said some investors interested in the $2.2 billion float received 10 per cent of what they had wanted, while others managed to grab 45 per cent.
- Tom Richardson
