Discover various trusted Australian Retail Ecommerce, Fintech, Startup News, in Australia
Retail giants Adairs and Temple and Webster expressed interest in buying shares in a start-up mattress e-tailer after an angel investor leant his “brand and reputation” to boost its value, the Victorian Supreme Court has heard.
Intended to protect consumers, without stifling innovation.
The announcement comes a week after retailer Myer revealed it was nominating Olivia Wirth to its board of directors.
High-end furniture retailer and manufacturer King Living will open a showroom in the US as part of a global growth strategy, banking on a wave of interest in Australian-designed furniture.
The retail giant announced the recall of the popular furniture item as there have been several incidents of concern.
Australia’s biggest technology companies have joined their global peers rallying behind Israel – a cradle of innovation within their sector – following Hamas’ “horrific and unthinkable acts of terror”.
Canadian giant Brookfield and EIG are under more pressure to increase their $18.7bn bid for Australia’s largest electricity and gas retailer after the UK energy giant that Origin was an early investor in, struck a deal to rapidly expand its Japanese presence.
While the fintech space was hot in a low interest rate environment, it has suffered as central banks hiked rates to curb rising inflation, affecting investor sentiment about growth stocks and ending.