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Finance Archives

Romeos settles class actions accusing it of underpaying workers

The class actions represent approximately 700 Romeos staff across New South Wales and South Australia.

CVS, Walgreens, Walmart helped fuel opioid epidemic, US jury finds

US District Judge Dan Polster will decide how much the companies owe to abate the epidemic in the counties.

Miniso continues to post strong growth as Covid’s impact eases

Part of the growth rate has been attributed to the company’s development of new retail channels, including Top Toy store...

Unilever sells 34 tea brands – including T2 – to private-equity investor

Decision to sell Ekaterra division frees Anglo-Dutch FMCG giant to focus on "higher-growth spaces".

Why Hello Drinks has ditched the warehouse for the cloud

Online liquor business Hello Drinks is working with wholesalers to cut costs and grow the business to eight figures.

French wine lovers wash away climate and Covid-19 worries with new Beaujolais

"It's a nice little wine. It's not the biggest grand cru, obviously, but it is pleasant and not very expensive," said Fe...

Lyre’s latest fundraising round values company at $500 million

Alcohol-free spirits maker Lyre’s is now worth $500 million after a fresh funding round was completed which included inv...

J&J to spin off consumer products and focus on pharmaceuticals

"We think these have evolved as fundamentally different businesses," J&J CEO Alex Gorsky said.

Bankers shop for Pattie’s Foods buyer – report

Banks working on behalf of majority owner Pacific Equity Partners are said to be in talks with potential offshore invest...

Digital and data central as French retailer Carrefour speeds up turnaround

Carrefour has spent 2 billion euros since 2018 on technology and digital expansion under the first leg of its turnaround...

Wesfarmers bid to pick up Priceline owner API in health play succeeds

The tug of war between Wesfarmers and Sigma ended over the weekend, with Sigma stepping back from the contest over the w...

ACCC clears the way for Lion to buy Stone & Wood

Lion has been cleared to acquire Fermentum, parent of Stone & Wood, with the Australian Competition & Consumer Commissio...

J&J, Costco settle lawsuits over recalled sunscreen

J&J voluntarily recalled four Neutrogena aerosol sunscreen products and one from Aveeno on July 14.

Coca-Cola set to buy Gatorade rival BodyArmor

The acquisition deal will see BodyArmor managed as a separate business within Coca-Cola’s North America operating unit.

Red China: Up-and-coming wineries gain recognition

China's wine market is the sixth largest in the world, with event organiser Vinexpo saying it consumed $14.8 billion wor...