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Woolworths new chairman Scott Perkins told Roger Corbett he expects better performance from Endeavour Group, where the retailer controls a 9.1 per cent stake.

Corbett makes surprise Woolworths AGM appearance, critiques chairman

The company’s former chief executive questioned why the board had ‘chosen to support the status quo’ at Endeavour, where it is the second-largest investor.

  • 39 mins ago
  • Carrie LaFrenz
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
Angus Aitken says he is unsure about the strategy behind Dan Murphy’s high-end Martin Place store.

Angus Aitken visits high-end Dan Murphy’s and finds too much champagne

The high-profile stockbroker has told clients he does not know what the strategy is behind the Endeavour-owned liquor retailers pivot to high-priced bottles.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
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


Endeavour Group chairman Peter Hearl.

Endeavour Group peace only comes with a scalp – the chairman’s

The hotels and pub group’s board will have the numbers at its AGM next week. But chairman Peter Hearl has two choices: claim a fleeting victory or read the room.

  • Anthony Macdonald
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
Jake Paco at his warehouse in Alexandria, Sydney.

His teachers said he’d end up in jail. Now he’s on the Young Rich List

Geedup founder Jake Paco has conquered his demons and is taking his cult streetwear brand from western Sydney to New York.

  • Carrie LaFrenz

This Month

Dan Murphy’s is in the eye of the storm as the Endeavour board stoush escalates.

Mathieson piles heat on Endeavour chairman to step down

‘I am not going to sit by and watch this great company fail due to poor leadership,’ says billionaire pubs owner.

  • Updated
  • Carrie LaFrenz and Simon Evans
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
Vegemite volumes grew for only the second year in the past two decades in a plus for owner Bega Cheese.

Bega trumpets Vegemite revival but milk shortage sinks shares

Shares in the owner of Dairy Farmers, Pura and the famous Aussie spread have halved in two years, but the chairman says it is on the right path.

  • Simon Evans
Roger Corbett ran Woolworths as it grew its liquor retailing business.

Roger Corbett says Endeavour chairman must go

The former Woolworths CEO says Peter Hearl should quit the board, even if Bill Wavish, is unsuccessful.

  • Carrie LaFrenz and Simon Evans
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
Private equity firm Crescent Capital is mulling a sale of Tigerlily, three years after VA.

Crescent Capital evaluates sale of Tigerlily, appoints Deloitte

As summer nears in Australia, Crescent Capital is seeking to capitalise on a turnaround in the iconic swimwear label founded by Jodhi Meares, and once owned by Billabong.

  • Carrie LaFrenz
Tickets for Taylor Swift’s Eras tour helped Ticketek break sales records this year.

Ticketek-owner TEG seeks $700m in dividend recap; taps Goldman Sachs

TEG’s private equity owner, Silver Lake, has begun meeting with lenders for a dividend recapitalisation that would see it lean on debt to cut itself a cheque.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Craft brewers under pressure.

Konvoy Kegs raises $13m, expects more brewers to go bust

The keg company rents out 280,000 kegs to 600 beer groups in Australasia and is stepping up expansion in the UK and Ireland.

  • Simon Evans
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