Sales lift at Tony Galati’s Spudshed as rates, inflation hit shoppers
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 profits dip amid surge into overseas markets
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.
Treasury Wine Estates buys luxury Californian winemaker for $1.6 billion
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.
WA-based SeaStock scoops international award for work producing methane-busting seaweed for cattle
A WA-based company harvesting methane-busting seaweed to reduce greenhouse emissions in cattle has been named one of the world’s best startups focused on climate change.
Australian Wool Innovation unveils $3 million request for proposal to bolster bioharvesting efforts
Australian Wool Innovation has cast a global net and put up to $3 million on the table to find a way to remove weakened wool from sheep as it tries to find a “robust” alternative to traditional shearing.