Financial
FollowFinancial Archives
Floraly targets growth with equity crowdfunding campaign
“Our philosophy is simple: care about people, the planet, and the process of growing and delivering fresh flowers,” the ...
China crackdown wipes hundreds of billions off top companies’ values
Alibaba's sprawling empire of businesses has continued to face heat from regulators.
Adelaide Tools rebrands ahead of expansion out of South Australia
The business was picked up by Bunnings in August of 2020, and will be launching four stores in Western Australia before ...
Who Gives a Crap raises $41.5 million in first funding round
It’s a significant first raise for a startup that’s been bootstrapped for nine years, but it also proves increasing inte...
Toys ‘R’ Us’ “transformational” year ends without earnings growth
Formerly known as Funtastic, the business rebranded as Toys ‘R’ Us under the ticker TOY in April of 2021, after the form...
Aussies to spend $11 billion this Christmas – almost half online
Aussies are expected to spend an average of $726 each, with most preparing to spend the same or more than they did last...
Facebook, EssilorLuxottica unveil first smart glasses
The social media giant, which reported revenue of about $86 billion in 2020, makes most of its money from advertising bu...
Foreign brands under attack in China for ‘misleading shoppers’
The China Economic Daily praised the market regulator for "catching the lying Canada goose across the Pacific".
Eftpos, BPAY and NPP merger approved by ACCC
ACCC chair Rod Sims said, in general, the three businesses do not compete with one another and that the amalgamation wou...
Amazon developing new point-of-sale system to attract small businesses
The move will allow Amazon to compete with Canada's Shopify and US payments giant PayPal.
Woolies sells stake in Marley Spoon
Woolworths believes Marley Spoon no longer fits within its investment portfolio, and has sold its stake for $54 million.
Mosaic Brands announces capital raising to stay afloat in lockdown
Fashion firm Mosaic Brands has announced an underwritten capital raising of $32 million, aiming to prop up the business’...
Failures and floats: The Covid-19 reshuffle looms
As government support begins to dry up, expect a period of upheaval, as a flurry of merger-and-acquisition activity, clo...
Crumpler in administration, up for sale after Covid stifles travel
PKF Melbourne’s Jason Stone and Glenn Franklin were appointed as administrators at a board meeting on 31 August, and are...
Woolworths, Wesfarmers rank high in modern slavery reporting investigation
A number of retailers have been analysed as part of a wide investigation into the quality of information given up in the...