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Finance Archives

Freedom Foods mulls seafood future after surging milk sales restore profit

The dairy and plant-based food and beverage company reported strong sales growth from continuing operations for the June...

BWX takes controlling stake in Go-To Skincare, as profit soars

Listed beauty and wellness business BWX is to take a 50.1-per-cent stake in omnichannel skin care brand Go-To for $89 mi...

Wesfarmers results jump as Bunnings, Kmart and Officeworks boom

Wesfarmers has joined in the parade of businesses reaping the rewards of a strong year of trade, despite ongoing movemen...

RFG “cautiously optimistic” for business in 2022

Despite a year of lockdowns and trading restrictions, RFG’s same store sales grew 3.2 per cent from FY20.

Woolworths declares $2bn share buyback as profit hits $2.07bn

Woolworths reports another strong year at the supermarket checkouts, while department store Big W continues to power for...

Restaurant Brands first-half profit trebles

Restaurant Brands, which runs KFC in NSW and Taco Bell in Australia, saw its Australian operations grow 24.1 per cent du...

McCain Foods sells Sara Lee business

Sara Lee’s operations will be integrated with 30-year-old New Zealand firm Original Foods Baking Co which also specialis...

Swisse parent buys Zesty Paws

Zesty Paws will join H&H Group’s existing portfolio which includes Australian health and wellness brand Swisse, Biostime...

Pental raises capital to buy e-commerce venture

Pental estimates its post-acquisition combined gross profit margin to increase to 32 per cent as a result of the deal.

Maggie Beer Holdings rebounds from last year’s losses

The profitable outcome was due to the business’ diversified model, tight cost control, and a focus on continuous improve...

The Reject Shop profit jumps 643 per cent as restructure moves past ‘reset’

During the year, the business renegotiated 80 leases that were in holdover or had expired, and will renegotiate a furthe...

From X-rated to celebrated: Why sex toys are going mainstream

Once relegated to shady shops by the train station, sex toys are starting to appear on the shelves of mainstream retaile...

Domino’s seeks to grow its slice of QSR following bumper year

In the group’s ANZ business, improved margins grew local EBIT 14.1 per cent to $116.8 million.

Coles pockets $1 billion profit as Smarter Selling pays off

While Covid-19 lockdowns and a trend towards local shopping continues to challenge Coles, boss Steven Cain is optimistic...

SafeWork to ensure Sydney supermarkets comply with public health orders

Inspectors will be focusing on outlets within major shopping centres, while also checking that business that shouldn’t b...

French retailer Carrefour to launch $1.9bn sale of Taiwan business

Supermarket group hires Morgan Stanley to oversee a sale after integrating Wellcome into Taiwanese business.

$24m investment into recycling to help retailers hit sustainability targets

ARA boss Paul Zahra said the scheme will provide retailers with more options to recycle, and will go a long way to help ...

V2Food raises $72 million in funding round led by Astanor Ventures

The funding round follows V2Food’s Series B raise of $77 million last October.

Eftpos, BPAY and NPP merger tries to quell retail industry fears

ACCC wants feedback on the potential merger's proposal to win over skeptics.

Snap lockdowns weighing on ‘battle-weary’ retailers, public

Retailers are urging customers to get vaccinated and follow health advice amid rising shopper aggression.