Today
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 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 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
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
Yesterday
- Opinion
- Chanticleer
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
- Exclusive
- Retail
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
- Exclusive
- Young Rich
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
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
- Exclusive
- Retail
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
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 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 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
- Exclusive
- Fashion retail
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
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
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
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
