Bernard Hall

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A bitter ending for sweet treat store Doughnut Time

The chain that flogged calorie-ridden creations in the shape of oversized doughnuts has started closing half of their Australian stores, after …

Australia

Retail Food Group faces class action over share price wipe-out

The exposé included allegations of widespread wage fraud within its network, as struggling franchisees cannot afford to pay correct wages.<p>One …

Wanda set to sell off $1.3b Circular Quay property development

Earlier this month the Chinese government moved to increase scrutiny on loans taken out by the overseas divisions of Chinese companies.<p>The demolition …

Dreamworld owner Ardent in fresh turmoil with sudden exit of CEO Simon Kelly

Ardent has started a search for a replacement for Mr Kelly and the search for the US-based Main Event chief executive is ongoing.<p>The new-look Ardent …

Xero has spent more than $1 billion building its business globally, and has not yet made a profit

Xero founder and chief executive Rod Drury said on Wednesday that the company needed every single cent of the more than $400 million of capital …

Is New Myer just the old Myer with lip gloss?

Earnings before interest, tax, depreciation and amortisation (EBITDA) were targeted to grow at a faster rate than sales - but again no tick for that …

Lips

US broadcaster CBS to buy Ten Network

However, shareholders will receive nothing, with PPB Advisory confirming the deal includes CBS delisting Ten from the sharemarket.<p>Apart from the …

The sad, sorry collapse of SurfStitch could be worse than it looks

Through its websites, it acted as both a third party retailer, helping others sell surf and skate wear, and a more traditional retailer, selling …

Ten Masters stores to reopen as shopping malls in time for Christmas

Consortium chairman David Di Pilla said the first five stores were focused on the leisure and lifestyle category, with some homeware and electrical …

Crash repair: How Ray Malone became head of ASX-listed company AMA Group

"To be honest the company barely had a pulse," Malone says. "Korda Mentha were called in to do reports it was about to be wound up and there were a …

Amazon's Australian invasion: separating hype from reality

And it is true Amazon is already advertising for 140 positions in Sydney and 20 jobs in Melbourne. If and when it fills them it has made good on its …

Former Tesco exec Jeff Adams to be next Metcash CEO

Mr Adams will work with Mr Morrice for three months before formally starting as CEO in December. Mr Morrice will then act as an adviser to Mr Adams …

Amazon deal blurs lines between traditional and online retail

"Although Amazon has been a looming threat to the grocery industry, the shadow it has cast has been pale and distant. That has now changed," he …

Jeff Bezos

As Amazon purchases Whole Foods, don’t fear for the cashier. Fear for the supermarket

When Amazon announced its plan to pay $13.7 billion for Whole Foods Market last week, pundits wondered what it meant for the workers at Whole Foods’ more than 450 store locations.<p>Whole Foods’ infamously high prices are partly the result of its highly human approach to groceries. The stores post …

Employment

Salad days no more: SumoSalad tells Westfield to cut rent or it'll move out

Scentre is an ASX-listed company that owns Westfield's branded centres around Australia.<p>"We're going to say, 'This is what we need to make the site …

Woolworths races to get match fit for Amazon fight

Coles produced a modest 0.8 per cent sales increase in the equivalent quarter as it sought to go head to head with Woolworths on prices.<p>Both the big …

Channel Ten staff fear 'major' job losses and cuts to news

If it fails to secure a $250 million loan by the end of this year, it could fall into the hands of receivers.<p>"Management has got the consultants in, …

Pizza Hut set for the courts over cut-price pizzas

A class action ensued in August 2014, alleging unconscionable conduct, losses and business collapses as a direct consequence of orders from Yum! to …

Pizza Hut

Ten Network may be worth more dead than alive, but normal rules don't apply

The first is that Rupert Murdoch and various parts of his empire have their tentacles around Ten, so it will be forced to survive. It's a special …

UK consumer morale softens in first quarter on price worries - Deloitte | Reuters

LONDON (Reuters) - British consumer confidence softened last month in the face of higher inflation, a survey showed on Monday, adding to the weight of evidence showing that higher inflation is taking the steam out of the main engine of the economy.<p>A shopper carries a basket in a supermarket in …

RBA sends warning on house prices, household debt levels

The RBA has been willing to tolerate inflation below its target to avoid adding rate fuel to the east coast property markets, aided by economic …

Gas shortages make manufacturing impossible: ACCC

There are a number of manufacturers where gas accounts for as much as 40 per cent of their costs, he is to say, with some doubts that all of their …

Jan Cameron says board spill good for Bellamy's, expects quick turnaround

While proxies rejected Ms Cameron's bid for a board seat, they voted in favour of Chan Wai-Chan and Sydney lawyer Rodd Peters becoming directors.<p>Her …

Jan Cameron unmasked as power behind the Bellamy's Black Prince holding

"There is an expectation that the Black Prince Private Foundation would act (with respect to the Bellamy's shares that it holds) in accordance with …

Guvera music streaming service escapes insolvency bid

Court papers claimed the funds had been lent in two separate tranches in May and November 2015, which the music service had failed to …

Pie Face receiver says business is close to profitability and sale

But Liam Bailey, partner at insolvency firm O'Brien Palmer and receiver of Pie Face trading entities, said many creditors were unlikely to receive …

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