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Chemist Warehouse paid $364m in dividends in the last 12 months.

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
Terry Smart, CEO of JB Hi-Fi, says in a tougher retail trading environment, strong retail execution is vital.

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
Coles Group CEO Leah Weckert says shoppers are seeking out value.

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
A brutalist 1960s underpass tears through Croydon, right by the Westfield development site.

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


Brad Banducci says mortgage holders are under pressure, but the pain is spreading to renters, too.

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
Sara Lee in Australia fell into voluntary administration on October 17.

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 Group CEO Brad Banducci said average prices in the first quarter increased 2 per cent due to deflation in fruit & vegetables and meat.

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

Belgian chocolate Godvia global CEO Jerome Chouchan in the Chatswood store.

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
Kelly Lippman, owner and creative director of Olga Berg, is hanging up the for sale sign.

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
Adrian Portelli is one of the debutants on this year’s Young Rich list.

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  founder and CEO, Steven Marks.

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
Chief executive Martin Hosking has urged shareholders not to elect Mr McConnell to the board.

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
CEO of Nick Scali Anthony Scali 
 and chairman John Ingram at the AGM on Thursday.

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 CEO Brad Banducci is still looking to get ACCC approval for its PETstock deal.

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
Endeavour Group owns the Dan Murphy’s liquor chain, BWS and 354 hotels.

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
FTi Consulting have been appointed voluntary administrators of the local Sara Lee business.

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
Pubs billionaire Bruce Mathieson owns 15 per cent of Endeavour Group.

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
Endeavour Group chief executive Steve Donohue at the Crows Nest Hotel in Sydney.

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
There has been a global shortage of Ozempic since early 2022 because of an unexpected increase in demand due to use of the drug for weight loss.

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 Group CEO Leah Weckert says more people will cook at home this Christmas, as cost of living pressures bite.

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