Australia Retail

Brookfield/EIG have raised their offer for Australia’s biggest energy retailer, from $8.91 a share to $9.53 a share, in a bid to get the blockbuster takeover across the line.

Toyota, the world’s biggest carmaker, launched a startup to help it become a leader in software and other cutting-edge tech. But getting a startup mentality to mesh with a decades-old automaker proved challenging. WSJ reporter River Davis joins host Zoe Thomas to explain what went wrong and how Toyota is trying to correct course. Photo: Edgar Su/REUTERS

Kmart has been fined more than $1.3m by the communications watchdog after an investigation found the discount retailer sent hundreds of thousands of spam emails to customers and ignored repeated warnings from the regulator.

The $18.7bn bid for Australia’s largest energy retailer, Origin Energy, has become a finely balanced, high stakes game which could have very different outcomes for the company’s shareholders.

The huge site in Perth’s north-eastern growth corridor has sold for a fraction under $500 million in what experts say could be the start of a surge in retail sales.

… Read More »See What The ELLE Australia Team Are Shopping This Month – ELLE Australia

Tony Galati’s Spudshed empire has posted a big lift in sales as shoppers turn to the retailer amid rising cost of living pressures.

Cotton On, one of the country’s largest fashion retailers, has continued its relentless expansion overseas, opening more than 100 new stores outside Australia in the 2023 financial year.

Australia’s most valuable producer Treasury Wine Estates splashed out $1.6 billion to buy a premium Californian winemaker just one week after the Chinese government said it will lift its onerous wine tariffs.

Treasury Wine Estates bought family-owned DAOU Vineyards, created only 17 years ago by Lebanese born brothers Georges and Daniel Daou.

DAOU is reported to be the fastest growing premium wine brand in America.

The Daou’s are best known for their Cabernet Sauvignon Patrimony wines which Vivino says retails for around $437 a bottle.

It also shows a tendency for TWE to move deeper into the premium wine market, after its 19 Crimes label, with rapper Snoop Dogg as its face, saw declining sales in the past year or so.