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Qantas, Australia Post wind up joint venture
Qantas has reached an agreement to sell its 50 per cent stake in StarTrack to Australia Post and acquire 100 per cent of the air freight business Australian air Express.
IGA to stock Darrell Lea products
Metcash, supplier of IGA, has signed a deal with Darrell Lea's new owner the Quinn family to stock and promote the Darrell Lea range including its famous Rocklea Road and Liquorices.
Dick Smith finds new owner
Woolworths Limited has just announced the signed share sale agreement for the divestment of Dick Smith Electronics, with private equity firm Anchorage Capital Partners coming on board.
Billabong's mystery bidder withdraws offer
Billabong's unknown bidder has withdrawn its offer after making a bid for the surfwear company on September 6.
Peeractive selected in accelerator program
Peeractive, an Australian-based start-up company that is developing a social commerce technology for the retail sector, has been selected to participate in the DreamIt accelerator program in the United States.
For sale: Rip Curl
Surfwear brand Rip Curl has been hit by the downturn in consumer spending and is now up for sale.
Supre Retail buys into sports licensing company
Super Retail Group has bought a 50 per cent stake into sports licensing agency Velocity Brand Management's retail business VBM Retail.
J.P Morgan invests into The Iconic
Online fashion retailer The Iconic has sealed an investment deal with J.P. Morgan Asset Management worth approximately $19.2 million.
Unknown party bids on Billabong
In less than six weeks of receiving an offer from TPG International for $1.45 cash per share, surfwear retailer Billabong has received another proposal from an unnamed bidder for a takeover.
Metcash extends liquor supply
Metcash has signed a 15 year supply agreement worth approximately $655 million with Liquor Marketing Group and Hotel & Tourism Management.
