Today
It was cybersleuths who (allegedly) caught Woolies, Coles in the act
In the end, it wasn’t the government, or Treasury, or a parliamentary committee that caused the biggest headache for the country’s supermarket giants this year.
- Kylar Loussikian
- Opinion
- Supermarkets
Did ‘illusory’ discounts from Coles, Woolies really mislead consumers?
The murky legal issue for the ACCC case against the big two supermarkets is what constitutes a “reasonable” period between a price increase and a subsequent promotional saving.
- Robert Hadler
Cheese and milk producer Beston goes bust as Japanese suitor walks
The company behind the Edwards Crossing Cheese Company and Mables brands has called in administrators, owing more than $55 million to National Australia Bank.
- Simon Evans
- Updated
- Supermarkets
Woolworths, Coles faked discounts on hundreds of products, says ACCC
The regulator is suing the country’s two biggest supermarkets, claiming they told customers prices were falling when they were actually higher than before.
- Updated
- Carrie LaFrenz, Tom McIlroy and Ronald Mizen
This Month
Myer investors grow impatient over new strategy as growth stalls
The mid-market department store was expected to outline its growth plans next month. That has been delayed as it considers buying up well-known fashion brands.
- Carrie LaFrenz
- Opinion
- Chanticleer
Wirth’s rescue plan for Myer is missing one big thing: growth
For much of the last decade, Myer’s strategy has been to accept its diminished place in the market and shrink itself in response. Olivia Wirth’s plan is very different.
- James Thomson
Can Olivia Wirth right the three-decade drift at Myer?
The former Qantas executive has inherited the start of a turnaround at retail’s grand dame. But there is plenty more to do, starting with finding profit growth.
- Jemima Whyte
People are splurging on their pets like never before
Americans are now spending more on their fur babies than they do on childcare, part of a trend across developed nations.
- The Economist
Yoghurt sales close on fresh milk amid health kick, helping Bega
The country’s largest producer added $700 million to its market capitalisation this year, as new high-protein and low-sugar products send sales soaring.
- Simon Evans
Woolworths faces investor calls to ditch Big W, New Zealand
The new chief executive of the country’s supermarket chain is being urged to focus on the company’s core business, which is losing ground to Coles.
- Carrie LaFrenz and Jonathan Shapiro
- Opinion
- Chanticleer
Death of Tupperware exposes the ‘iconic brand’ fallacy
It’s been an icon of kitchens all over the world, and even a meme stock. But the collapse of Tupperware is now a cautionary tale.
- James Thomson
Nick Scali wants to conquer Britain. Does it stand a chance?
The ASX-listed furniture retailer has made a big bet on the United Kingdom, where plenty of big Australian companies have come unstuck.
- Hans van Leeuwen and Carrie LaFrenz
Adairs snares ex-Country Road boss as next chief
Two months on from exiting the turmoil at Country Road Group, Elle Roseby will next year take the top job at the ASX-listed home furnishings and linen company.
- Carrie LaFrenz
Jon Adgemis’ Public Hospitality loses control over five pubs
US private credit investor Muzinich & Co has pulled out of a major refinancing deal and called in receivers for venues including Oxford House and The Norfolk.
- Max Mason
- Opinion
- Chanticleer
Inside Bunnings’ six new growth bets
Beyond the populist silliness over price-gouging, Bunnings boss Mike Schneider has a growth challenge on his hands. Here’s how he plans to solve it.
- James Thomson
Cettire investors on alert after White House targets duties threshold
The Biden-Harris administration is curbing alleged abuse by Chinese online retailers, as part of legislative changes that could have wider ramifications for e-commerce.
- Jonathan Shapiro and James Eyers
Seven times unlucky beer creditor backs ATO workers’ push for change
When small companies go bust, unsecured creditors end up with very little. A beer can company and the ATO union are unlikely allies in a push to overhaul insolvencies.
- Simon Evans
- Exclusive
- P2P lending
New York lender in fight over slice of Adgemis’ pubs group
A major lender to Public Hospitality Group, the hotel empire of former KPMG deal maker Jon Adgemis, has signalled it will call in receivers to five Sydney pubs.
- Max Mason
‘Beautiful chaos’: Iconic Melbourne power diner owner calls time
Simon Hartley has hosted every prime minister since Gough Whitlam at his CBD restaurant Becco. But on Friday, he held the last supper.
- Gus McCubbing
How Shein’s shadowy CEO staged a staggering takeover of retail
A Chinese-founded company selling questionably sourced clothes can thrive thanks to the perpetually unsated consumer.
- Timothy McLaughlin
