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Petrina Berry

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US firm looks to Asia after buying SA-based Accolade Wines

UPDATED | US private equity firm The Carlyle Group is looking to Asian markets after buying out major Australian wine company, Accolade Wines – the owner of more than 50 labels including Hardys.

Myer shares gain after DJs takeover talk

David Jones’s parent company says rumours that it is considering acquiring Myer are baseless.

Myer chairman Garry Hounsell (left) with then CEO Richard Umbers at the retailer's annual general meeting late last year. Photo: AAP/Wayne Taylor

Myer chairman slams 'failures' after $476m loss

Myer’s executive chairman has issued a damning indictment of the department store chain’s performance under ex-chief executive Richard Umbers after it slumped to a $476.2 million first-half loss.

Struggling Myer searching for new CEO

Myer chief executive Richard Umbers has stepped down from the helm of the struggling department store.

Amazon finally goes live in Australia

Amazon has launched in Australia, ending months of speculation around the timing of when it would finally open its full offering Down Under and setting up a sales frenzy ahead of Christmas.

Oroton collapses into administration

Oroton stores will operate as usual despite the 79-year-old Australian luxury handbag retailer collapsing into voluntary administration.

Myer scraps turnaround targets as sales fall

Myer has dropped the sales targets it set as part of its much-vaunted turnaround plan after unveiling another weak set of figures to investors.

Business
Qantas completes $2 billion turnaround

Petrina Berry Friday, August 25
Business
Food sales lift Woolies to $1.5 billion profit

Petrina Berry Wednesday, August 23
Business
Metcash takes earnings hit

Petrina Berry Tuesday, June 21