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    Today

    Louis Vuitton is by far the world’s biggest luxury brand.

    The luxury industry is falling from its elevated heights

    The broader fall in luxury consumption has come as a shock to an industry accustomed to attaining ever greater heights, apart from in its pandemic slump.

    • 1 hr ago
    • John Gapper
    Natalie Davis, Woolworths head of supermarkets has resigned, taking the top job at Ramsay Health Care.
Supplied

    Woolworths head of supermarkets lured to Ramsay top job

    After missing out on the CEO role at the retailer, Natalie Davis will take over from long-serving Ramsay boss Craig McNally who will step down next year.

    • Carrie LaFrenz

    The economics of being your own barista in four charts

    Is making your coffee at home an expensive hobby or an economically rational response to higher coffee prices?

    • Daniel Arbon

    Yesterday

    Car yards are full and dealers are worried they are in a race to the bottom on prices.

    Car yards are full and dealers worry they are racing to the bottom

    There’s been little economic data to offset expectations that the RBA needs to raise interest rates. A review of conditions at car dealerships caught our eye.

    • Updated
    • Anthony Macdonald
    Sacha Laing.

    Adore Beauty hires ex-General Pants CEO to lead recovery

    After selling General Pants to Richard Facioni’s Alquemie Group, Sacha Laing has jumped ship to run the online beauty company.

    • Updated
    • Carrie LaFrenz
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    This Month

    The ATO is holding the line on tax debts owed by craft brewers.

    ATO ready to send companies broke rather than wait for tax

    Black Brewing Co stopped paying the tax office for almost a year and ultimately joined the dozens of craft brewers who have gone bust. The ATO will not budge.

    • Simon Evans
    Retail store Country Road is under pressure to trim down.

    Woolworths Holdings brings in BCG to slash costs at Country Road

    Country Road – which operates its eponymous brand along with Mimco, Trenery, Witchery and Politix – has been controlled by the South African group since 1998.

    • Updated
    • Carrie LaFrenz
    Anko chief executive Arjun Puri, left, with Wesfarmers boss Rob Scott.

    There’s an $8b business quietly growing inside Wesfarmers

    In 2008, Kmart was on its knees. But a trip to the United Kingdom turned into the company’s greatest success – Anko, the home brand with big growth plans.

    • Updated
    • Carrie LaFrenz
    Shoppers at Aldi have been found to pay less than those at Woolworths or Coles.

    Why you can’t order online from Aldi anytime soon

    The German discount supermarket had been investigating internet sales, which is a space that its rivals Woolworths and Coles have aggressively expanded into.

    • Carrie LaFrenz
    Genuine Parts Co operates 320 Repco stores in Australia and is a rival to Bapcor’s Autobarn, Burson and Autopro outlets.

    Repco outshines takeover target Bapcor in weaker auto market

    The chief executive of US giant Genuine Parts says the Repco business in Australasia is growing faster than the overall market, including against rival Bapcor.

    • Simon Evans
    Led by Anthony Albanese, politicians have blamed Coles and Woolies for higher supermarket prices.

    Coles and Woolies can tap an $800m profit pool. It may be controversial

    The media businesses of Australia’s supermarket giants are set to keep growing. But that may not excite suppliers as much as investors.

    • James Thomson
    Jack Steele and Matt Ford of the Inspired Unemployed.

    How much is The Inspired Unemployed’s Better Beer worth? $80m

    Despite the failure of one of the company’s biggest shareholders, ASX-listed Mighty Craft, the zero carb brewery has recorded a jump in sales over the year.

    • Simon Evans
    Anthony Heraghty, Super Retail Group CEO speaking at Macquarie’s 26th annual Australia Conference has never spoken publicly about his relationship with Jane Kelly.

    Claims of Super Retail office relationship cover-up head to court

    Two former senior executives have filed their Fair Work action, alleging they were unfairly dismissed from the company behind the Rebel Sport chain.

    • Carrie LaFrenz and David Marin-Guzman
    Ferrero is one of the world’s largest sweet-packaged food companies with over 35 iconic brands known worldwide.

    Family first: how three global brands began as family-run ventures

    Good business is all in famiglia for these iconic Italian companies

    Sponsored 

    by Ferrero

    According to a UBS supermarkets survey of suppliers, trading through April to June favoured Coles over Woolworths, while Aldi gained the most market share.

    Supplier survey suggests Coles has outperformed Woolworths all year

    Ahead of financial updates from the major supermarkets next month, suppliers say Coles and Aldi are picking up market share over their rivals, small and large.

    • Carrie LaFrenz
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    The Inspired Unemployed’s Jack Steele (left) and Matt Ford have a major stake in Better Beer. Mighty Craft owns 33 per cent.

    Mighty Craft collapses after calling off merger with Better Beer

    The ASX-listed beverages group owns 33 per cent of the brewery, backed by The Inspired Unemployed. But it has fallen into administration, appointing Ankura.

    • Simon Evans

    Bombed out retailers stage comeback ahead of results season

    There is plenty of pressure on household budgets, but retailers from Universal Store to shoe chain owner Accent Group say trading is picking up.

    • Carrie LaFrenz and Joanne Tran
    Guzman y Gomez co-CEO Steven Marks has a focused plan for growth, and  bigger, bolder goal.

    What Guzman y Gomez can learn from the Domino’s disaster

    Domino’s’ latest downgrade tells a story about long-term growth plans that investors in Guzman y Gomez should take note of. 

    • James Thomson

    Domino’s shuts dozens of stores, dumps big growth target

    The company told shareholders it would close stores in Japan and France and warned that the “timing of achieving the long-term outlook was under review”.

    • Updated
    • Kylar Loussikian
    Emily Hamilton, founder of beauty brand Coco & Eve, has sold to private equity.

    Viral beauty brand Coco & Eve snares $100m American PE investment

    The company, marketed as vegan and cruelty-free, was founded in 2018 by Emily Hamilton and sells a range of hair, self-tan and body care products.

    • Carrie LaFrenz