This Month
Chastened Redbubble avoids second strike
Shareholders voted in favour of Redbubble’s remuneration report and backed the current board, at the expense of self-styled activist Michael McConnell.
- Tess Bennett
Activist wins proxy support in battle over Redbubble seat
A retired activist investor seeking a seat on Redbubble’s board has been endorsed by two proxy firms.
- Tess Bennett
Redbubble shares soar 30pc after profit update
After returning to the top job earlier this year, chief executive Martin Hosking said Redbubble was underlying cash flow positive last quarter.
- Updated
- Tess Bennett
September
- Exclusive
- Funding
Entrepreneurs get $28.5m for new start-up, after big money exit
After selling their respective companies, two founders have banked $28.5 million from Singaporean VCs for their new e-commerce software start-up.
- Tess Bennett
Alibaba’s ex-CEO quits as Jack Ma’s lieutenants take helm
The resignation has added new layer of uncertainty to China’s largest e-commerce company just as it is navigating a complicated break-up.
- Jane Zhang
August
Forget retail, Kogan says he’s now running a tech company
Ruslan Kogan’s eponymous retail business has booked a fall in sales, but he says there is a gold nugget hidden in its earnings.
- Paul Smith
Temple & Webster’s AI powers homewares sales
In early fiscal 2024, revenue is up 16 per cent, and AI-enhanced product descriptions have led to an increase in revenue per visit.
- Updated
- Carrie LaFrenz
Cettire founder $60m richer after earnings update
The Young Rich Lister Dean Mintz controls 45.94 per cent of the online luxury platform. His stake gained $60 million in value on Thursday.
- Carrie LaFrenz and Joanne Tran
Meet the woman tasked with steering Aldi to new heights
Arriving in Australia more than two decades ago, Anna McGrath is now running the discount chain locally and is one of the global company’s most senior women.
- Carrie LaFrenz
July
- Analysis
- Bulls & bears
Kogan sales slump but shares surge as it goes back to basics
Ruslan Kogan started by selling TVs out of a garage, so running on the cheap has never been a problem, and investors are seeing the value of recent frugality.
- Paul Smith
Hedge fund LHC backs Cettire to form duopoly with Farfetch
LHC told clients that the “dropship” retailer had impressed, “highlighting the rapid and profitable global success the business is enjoying”.
- Joanne Tran
How IKEA’s boss defied its founder and listened to its customers
Jesper Brodin embraced e-commerce as part of a transformation at the Swedish furniture giant and a “licence to go bananas” in a bid to stop fearing mistakes.
- Richard Milne
June
Prysm Capital stocks up at Pet Circle
San Francisco-based Prysm Capital tipped an additional $75 million into the online pet supplies business on Wednesday, cementing its $1 billion-plus valuation.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Myer CEO John King to step down in 2024
Mr King will leave in the second half of next year and move back to the United States, where his family lives.
- Carrie LaFrenz
May
Google Ventures, Paris Hilton back Aussie start-up with $23m
Three Aussie founders based in the US have scored funding for their online shopping tool Checkmate – and they’ve got it from Google Ventures, some musicians and Paris Hilton.
- Tess Bennett
Redbubble axes 75 roles in new cost-cutting round
Returning chief executive Martin Hosking said Redbubble will cut a further 23 per cent of its workforce, building on earlier job cuts made in January.
- Tess Bennett
- Exclusive
- Retail
Woolworths beefs up MyDeal data protection as customers stick around
The grocery chain is investing in data protection including recruiting a new information security manager for the online marketplace.
- Carrie LaFrenz
Holgate pushes to share AusPost’s ‘last mile’ services
The Team Global Express boss says consumers would get their online shopping parcels quicker from access to publicly owned “last mile” delivery infrastructure.
- Tom McIlroy
April
Post office closures, job cuts and no more daily letter service
The chief executive of Australia Post, Paul Graham, warns that the national mail service is at a “crossroads”.
- Patrick Durkin
March
Measuring the success of Redbubble’s Martin Hosking
His schedule has been cleared, his situation has changed, he’s in it for the long haul.
- Joe Aston
