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Coles boss still expects Christmas splurge

CEO Steven Cain says any pull-pack in spending will not be likely until early 2023, with consumers tipped to spend up on booze, seafood and locally produced products like ham from South Australia.

  • Updated
  • Carrie LaFrenz

This Month

Amazon freezes corporate hiring in its retail business

Its stores business, which covers Amazon’s physical and online retail business and its logistics operations, had more than 10,000 openings.

  • Karen Weise

Treasury Wines says 45pc seek low or no-alcohol wines

Australia’s biggest wine group says the under 35 age group is leading the moderation push in a trend which is gathering pace.

  • Simon Evans

Temasek-backed ShopBack raises another $US80m

The Singapore-based start-up has raised $US160 million in 2022. It is aiming for a public float in 2024.

  • Carrie LaFrenz

Asahi buys StrangeLove as ‘adult’ soft drinks take off

Asahi Beverages CEO Robert Iervasi says premiumisation is accelerating in soft drinks and beer, and people keep buying in tough times.

  • Simon Evans

Peter Lew’s new PJ brand takes on his billionaire father

All in the family. Peter Lew’s sleepwear label Fine-Day has entered department store David Jones, just as Solomon Lew’s Peter Alexander brand disappears from Myer.

  • Carrie LaFrenz


Premier versus Myer is a one-sided fight

Solomon Lew, who continues to give department store owner Myer Holdings a masterclass in retailing, looks set to share his expertise with the Myer board. And that has got to be a good thing.

  • Tony Boyd

Premier Investments sales surge, but cautious on consumer headwinds

Solomon Lew’s retail business, which owns Smiggle and Just Jeans, revealed a special dividend and $50m buyback.

  • Updated
  • Carrie LaFrenz

Retailers’ blind spot over facial recognition technology

Scanning the faces of customers was an overreach by retailers and is likely to be prohibited under proposed new laws.

  • Sue Mitchell

‘The people’s beer’ owned by Nathan Cleary, Tai Tuivasa

A new brewery will open in late 2022, with two UFC fighters big shareholders alongside the Penrith Panthers star who has an 8 per cent stake.

  • Simon Evans

Aware Super mops up Guzman y Gomez’s $100m selldown

Superannuation fund Aware Super has emerged as the lead investor in Guzman Y Gomez’s secondary share sale.

  • Yolanda Redrup, Sarah Thompson, Kanika Sood and Anthony Macdonald

Burrito ambition: Guzman Y Gomez seeks $1.6b valuation in selldown

Guzman Y Gomez is seeking an eye-watering $1.6 billion valuation for the mexican food chain as they put a $150 million parcel of shares on the market.

  • Anthony Macdonald, Sarah Thompson and Kanika Sood

Aware, Yarra cut cheques for PAG frozen pies and meals play

Investment bank Morgan Stanley has put some balance sheet on the line for PAG Asia Capital, underwriting its entry into the frozen section of Australia’s supermarkets.

  • Anthony Macdonald, Sarah Thompson and Kanika Sood

Discretionary spending remains strong despite rate rises

Consumer spending remains strong despite rate rises, with trade increasing by more than 25 per cent compared with this time last year, according to Mastercard.

  • Gus McCubbing

How eight knee surgeries pushed this ex-Waratah into sports science

Retired rugby player Damien Fitzpatrick has raised $2 million to expand his sports supplement business Pillar Performance.

  • Tess Bennett

UBS works to bottle Kraft Heinz Aussie carve-out

American multinational Kraft Heinz has investment bank UBS helping assess options for its Australian business, including a potential carve out and sale to a trade or private equity buyer. 

  • Anthony Macdonald, Sarah Thompson and Kanika Sood

KKR’s Australian Venue Co warms up suitors with ‘more of the same’ pitch

Pubs group Australian Venue Co has made its maiden pitch to buyout firms and other potential suitors.

  • Anthony Macdonald, Sarah Thompson and Kanika Sood

Coles hoists white flag on petrol

Carbon emissions shifting is becoming a feature of the Australian economy as companies make choices between going green or staying carbon-heavy.

  • Tony Boyd

Booktopia founder Tony Nash wrests back control

The online bookseller’s independent directors have quit after a boardroom tussle, as the share price wallows near record lows.

  • Simon Evans

Consumers remain cautious on ESG products as cost pressures rise

Consumers who were once willing to spend up on more socially responsible goods that often cost more may now think twice amid rising rate hikes.

  • Carrie LaFrenz