Today
Chemist Warehouse founders share $365m dividend windfall
Rich Listers Jack Gance and Mario Verrocchi split a $264 million payout last financial year, and a further $101 million in October.
- Joshua Peach
JB Hi-Fi first-quarter sales fall; Good Guys tumbles
The retailer is well positioned in a tougher trading environment, CEO Terry Smart told investors at the AGM .
- Carrie LaFrenz and Simon Evans
Higher shelf prices underpin 3.6pc Coles first quarter sales increase
But the supermarket giant said that price growth persisted, even as it moderated in fresh foods, meat and in baked goods.
- Carrie LaFrenz
- Exclusive
- Shopping centres
Why Unibail is building flats at its Westfield malls
An unloved district of south London could showcase Unibail-Rodamco-Westfield’s reinvention from mall owner to full-spectrum urban redeveloper.
- Hans van Leeuwen
Yesterday
- Opinion
- Chanticleer
What 680,000 toy cars tell you about interest rate pain
Woolworths CEO Brad Banducci says mortgagees and renters are hurting. But Wednesday’s inflation surprise leaves the RBA facing the prospect of lifting rates several times.
- Updated
- James Thomson
- Exclusive
- Private equity
Heavy interest in Sara Lee rescue
More than 40 potential buyers are lining up for the iconic frozen baked goods and desserts brand which went under a week ago.
- Updated
- Carrie LaFrenz
Woolworths backs Endeavour board, posts 5.3pc rise in Q1 sales
The nation’s largest grocer says falling prices in fresh fruit and vegetables and meat is because of input costs finally receding.
- Updated
- Carrie LaFrenz
This Month
- Exclusive
- Food & drink
Chocolate maker Godiva plots Australian expansion
The North Asian private equity owners of the luxury Belgian chocolate brand are growing locally – all part of readying for an eventual sale.
- Carrie LaFrenz
Handbags at dawn: FTI puts Olga Berg on the block
The bag maker is targeting $10 million plus revenue and $3.4 million EBITDA by FY26, looking to strategic partnerships and expanding its online presence for growth.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Lambo-loving Young Rich lister is a ‘shy person’
Known for his attention-seeking stunts and love of sports cars, Adrian Portelli has rocketed into the Young Rich List. But his business is under scrutiny.
- Tony Davis and Michael Bailey
Guzman Y Gomez in IPO prep; market baulks at valuation
The business is worth less than half of what Barrenjoey Capital Partners paid for it just 1½ years ago, sources said.
- Sarah Thompson, Kanika Sood and Emma Rapaport
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
Nick Scali shares climb on AGM update
The retailer joined Beacon Lighting in reporting improving trading momentum in a market where shoppers have largely been shunning bigger ticket items.
- Carrie LaFrenz
Woolworths target PETstock to divest stores, vets after ACCC red flag
After a prolonged investigation, the competition regulator found several historical transactions by the pet retailer may have breached competition laws.
- Carrie LaFrenz
Big super funds against pubs billionaire’s Endeavour shake-up
The Australian Council of Superannuation Investors recommends a vote against Bruce Mathieson jnr and Bill Wavish in the Endeavour Group tussle.
- Updated
- Simon Evans and Carrie LaFrenz
Frozen out: Sara Lee calls in administrators
The PE-backed frozen baked goods and desserts brand has appointed FTI Consulting to sell or restructure the business.
- Carrie LaFrenz
- Updated
- Woolworths
Pubs billionaire dealt third blow in proxy war against Wavish election
Ownership Matters told clients to vote against Bruce Mathieson’s son Bruce jnr and change agent Bill Wavish joining the Endeavour board.
- Simon Evans and Carrie LaFrenz
Barrenjoey has ‘some sympathy’ for pubs billionaire in Endeavour fight
Barrenjoey analysts say Endeavour’s pubs have been a “low-return business” since 2009, but the company needs only “strategic tweaks”.
- Updated
- Simon Evans
Ozempic short-selling wave storms ASX
Alarm bells are ringing on Wall Street about the toll of the diabetes drug, which is also used to treat weight loss and has flattened CSL’s valuation.
- Carrie LaFrenz
Coles boss expects more cooking at home this Christmas
Last year was a splurge. But this holiday season, CEO Leah Weckert says cost-of-living is top of mind and consumers will eat out less and cook at home.
- Carrie LaFrenz
