Virgin has nestled into the gap left by Bonza going bust with a heap of deals into the Gold Coast. A sale announced on Monday only applies to Tuesday, Wednesday and Thursday flights to/from Sydney, Melbourne, Adelaide and Canberra but for dates between June and December. With no checked baggageContinue Reading
Embattled broadcaster Network 10 is facing “serious turmoil” amid failing programs, sliding ratings, an ad revenue crisis, and a messy ownership battle at its American parent company. News today that glitzy reality series The Masked Singer and major franchise The Bachelor have been axed is the latest sign of theContinue Reading
A retail expert has warned that department store giant David Jones could “finally falter” amid a perfect storm of dire economic conditions and ongoing hardships being faced by the iconic Aussie brand. Dozens of staff will be impacted after the company announced one of its flagship stores at the EastlandContinue Reading
Popular sandwich brand Subway has been sold overnight for an eye-watering $US9.55 billion ($14.8 billion), according to reports. Private equity firm Roark Capital Group has bought the US brand on Thursday, local time. Roark Capital Group will pay about $US9 billion outright, with the rest due in future earnout payments.Continue Reading
This is a story about the demise of the pie. An Aussie icon in apparently severe decline. The national accounts came out this month, and as always, the data includes a lot of very important information about things like per capita GDP and net national disposable income. But my favouriteContinue Reading
If you’re paying more than $1000 for some fancy new clothes you might expect store staff to fawn over you – or at the very least help ensure you get the right size. But a customer service fail at an Australian retail icon this week has highlighted how some ofContinue Reading
It has taken just eight years for iconic Australian retailer David Jones to go from being worth $2.1 billion to now being sold for as little as $100 million. DJs’ South African owner Woolworths Holdings (no relation to Australia’s Woolworths Group) confirmed on Monday the department store would be soldContinue Reading
David Jones has been bought by an private equity firm just years after it was sold to another company for billions. Australian private equity firm Anchorage Capital Partners announced on Monday that it would acquire the iconic brand from previous owners, South African-based Woolworths Holdings Limited. Neither company has confirmedContinue Reading
David Jones will be acquired by private equity firm Anchorage Capital Partners, bringing the iconic Australian business back into local ownership. The iconic retailer’s current owner, Woolworths Holdings Limited (WHL), and Anchorage Capital Partners entered into a binding agreement today that will see Anchorage acquire the David Jones operating business.Continue Reading