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Financial

Financial Archives

Behind the US$1.5 billion valuation of online beauty company Oddity

Oddity, the company behind cult online makeup brand Il Makiage, recently raised US$130 million, giving it a valuation of...

City Chic records strong revenue growth despite logistical disruptions

The business’ customer base increased by 23% during this period despite the pandemic and major supply chain disruptions,...

Ikea buys land damaged by hurricane in Florida to plant forests

The world's biggest furniture brand operates through a franchise system with Ingka Group the main retailer.

One in four SMEs across nine countries plan to offer crypto payments

Small businesses outside North America are more open to accepting digital currencies, including Bitcoin, as forms of pay...

How Amazon’s retail battle with Reliance turned into a legal quagmire

Amazon then approached Singapore arbitrators and successfully stopped the sale.

How Michael Ford pulled Greenlit Brands back from the brink

In this in-depth interview, we ask the CEO of Greenlit Brands about the accounting scandal at parent company Steinhoff I...

Melbourne Fashion Festival partners with PayPal in three-year deal

“PayPal is all about inclusion, innovation and helping Australian businesses thrive,” said PayPal general manager of pay...

Black Friday drives 5.8 per cent retail-wide sales bump in November

Clothing, footwear and personal accessories led the way in sales during the month as Australians increasingly want to re...

Disgraced McDonald’s ex-CEO pays back US$105m in settlement

Easterbrook has also apologised for his behaviour.

HungryPanda acquires Easi to strengthen Asian food delivery

Easi national operations manager Kitty Lu said the acquisition would increase the business' effectiveness and reach in a...

Sushi Sushi CEO leads retail’s first crypto store sale

Australian franchise Sushi Sushi has put a Queensland store up for sale via crypto currency, in what is believed to be a...

Woolworths pulls bid to pick up pharmacy group API

Woolworths said it was unable to validate the financial returns it would require from the acquisition after completing i...

Authentic Brands forfeits IPO plan after private deal

Authentic Brands has dropped its bid to go public just three months after it sold a stake in its business to private equ...

What do investors need to know about corporate social responsibility?

Investors play an important role pushing firms towards becoming better corporate citizens.

My Foodie Box raises $6 million in IPO, plans expansion

From its launch in 2019, My Foodie Box has grown to more than 1650 subscribers and delivers around 1000 boxes per week.

Nike sues Lululemon over Mirror Home Gym

Nike, based in Beaverton, Oregon, is seeking triple damages for Lululemon's alleged wilful infringement, and a variety o...

Central Group leads Selfridges buyout in US$5 billion deal

Luxury British store chain Selfridges is being sold to a Thai retailer and an Austrian property company in a deal that a...

Supply chain issues to worsen as virus impacts transport sector

Due to sickness or isolation, up to half of the country’s truck drivers are missing, according to TWU national secretary...

ACCC ready to “name and shame” retailers over rapid antigen prices

ACCC chair Rod Sims said the watchdog had already received over 100 customer contacts in relation to the pricing of rapi...

Woolies signals NSW delivery issues as Covid cases climb

Supermarket giant Woolies is currently struggling to get product to stores due to a large level of absent staff.

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