Can investment deal salvage Napoleon Perdis survival?

Can investment deal salvage Napoleon Perdis survival?

One of the potential investors has managed successful Australian brands including Witchery and Marcs. It may have needed to close half its stores to do so, but Napoleon Perdis could stay afloat after administrators reached terms for a new business structure with retail-focused group KUBA Investments. The proposal to creditors inv...

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Xenith merger vote delayed after ACCC decision

Xenith merger vote delayed after ACCC decision

Xenith IP Group (ASX: XIP) has stood by its recommendation for a merger with QANTM Intellectual Property (ASX:XIP), but a vote on the proposal has been postponed for "later date" after a game-changing decision yesterday from the competition watchdog. Unsolicited suitor IPH (ASX: IPH) has been aggressively attempting to disp...

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ACCC gives IPH acquisition of Xenith the green light

ACCC gives IPH acquisition of Xenith the green light

The likelihood of an intellectual property giant materialising in Australia is edging closer after the Australian Competition and Consumer Commission (ACCC) delivered its blessing. Though shareholders have the option of choosing who IP firm Xenith will partner up with, the ACCC has said that it will not oppose IPH Limited's proposed a...

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Alpha-H hits gold with Sephora USA

Alpha-H hits gold with Sephora USA

A skincare solution that started 20 years ago has become a booming business for Gold Coast-based Alpha-H, lifted by a strong partnership with Sephora Australasia that has been in full swing for the past eight years.  With corrective and preventative skincare products including the best-selling Liquid Gold resurfacing treatment, ...

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Federal Court slaps fine on Click Energy for misleading claims

Federal Court slaps fine on Click Energy for misleading claims

What do you call a discount when it's calculated from higher rates than the standard offering for consumers? Misleading, according to the Federal Court which has today ordered penalties of $900,000 against Amaysim Energy - trading as Click Energy - for doing just that.  Between October 2017 and March 2018, Click Energy t...

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Noni B fires back at union's staff safety claims

Noni B fires back at union's staff safety claims

Noni B claims it is "deeply concerning and indeed disappointing" that the SDA would make "misleading statements" to the media. Women's fashion retailer Noni B (ASX: NBL) has implied recent complaints around staff safety are merely a smokescreen to "attempt to coerce" the company into changing an enterpris...

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Emerge Gaming ready to rumble and unfazed by Google Stadia threat

Emerge Gaming ready to rumble and unfazed by Google Stadia threat

Australia's self-proclaimed 'Netflix of Gaming' is on the cusp of rolling out a pilot of its GameCloud platform developed with Singapore's Cloudzen Pte Ltd, and appears unfazed by Google's foray into a very similar arena. Perth-based Emerge Gaming (ASX: EM1) announced today the GameCloud technology was successfully tes...

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Superloop completes $30M equity raise

Superloop completes $30M equity raise

Internet infrastructure and service provider Superloop (ASX: SLC) has today completed its equity raise of just over $30 million. Having already raised $22.47 million via an institutional entitlement offer over February and March, the company today announced the successful completion of its retail entitlement offer of $8.4 million. In ...

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Westpac earnings will take a hit to "get it right"

Westpac earnings will take a hit to "get it right"

Westpac has flagged a potential $290 million reduction in earnings as a result of ongoing remuneration programs for customers. The funds are part of Westpac's remuneration programs in the wake of the financial services Royal Commission findings and is expected to impact the group's 1H19 figures. CEO Brian Hartzer says looking ...

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Villa World draws battle lines ahead of takeover bid

Villa World draws battle lines ahead of takeover bid

The battle for control of residential developer Villa World (ASX: VLW) has been ramped up with the company reportedly hiring Macquarie Capital as its defence adviser. The Gold Coast-based Villa World confirmed it has received a $280 million takeover bid from AVID Property Group and this has prompted its biggest investor, Singapore listed ...

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Tony Bellas steps down as Corporate Travel Management chairman

Tony Bellas steps down as Corporate Travel Management chairman

Corporate Travel Management (ASX: CTD) chairman Tony Bellas has announced his sudden retirement, with Ewen Crouch to take over effective from Monday. Bellas has been chairman of Corporate Travel Management for 10 years and has overseen the company's rapid growth from listing on the ASX in 2010 with a $70 million valuation to its curre...

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Smiggle pushes into new markets on profit rise for Premier Investments

Smiggle pushes into new markets on profit rise for Premier Investments

Solomon Lew's Premier Investments (ASX: PMV) will push its stationery brand Smiggle into 10 new countries in a strategy involving online and new stores which aims to target more than 700 million people. Smiggle will be pushing into South Korea, Indonesia, Thailand, the Philippines, the UAE and Canada directly with local operators and ...

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Navitas agrees to $2.1b takeover offer

Navitas agrees to $2.1b takeover offer

Education services provider Navitas (ASX: NVT) has agreed to a $2.1 billion takeover offer from a consortium led by private equity firm BGH Capital after months of wrangling between the two camps. BGH Capital, along with AustralianSuper and former Navitas CEO and founder Rod Jones, secured its long-awaited first deal after stalking its ta...

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Manikay puts MYOB takeover in jeopardy

Manikay puts MYOB takeover in jeopardy

Manikay Partners is edging closer to blocking the takeover of business management software provider MYOB (ASX: MYO) as it acquires more of the Australian company. Hedge fund Manikay now owns 14.93 per cent of MYOB, up from just 9.9 per cent two weeks ago. In order for the takeover of MYOB by Kohlberg Kravis Roberts & Co (KKR) to pass ...

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Compumedics scores major US health contract

Compumedics scores major US health contract

Neurological device developers Compumedics (ASX: CMP) have signed an agreement with a major US health organisation which will see its technology deployed in 48 hospitals. Compumedics has contracted with Adventist Health System to allow Compumedics to supply 48 hospitals with its suite of sleep, neurological monitoring and brain research s...

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The tug of war for Xenith IP Group heats up

The tug of war for Xenith IP Group heats up

The battle for control of Australia's intellectual property law firms continues as Xenith IP Group (ASX: XIP) is pulled in two opposing directions. Overnight IPH (ASX: IPH), Australia's largest supplier of IP services, released a letter addressed to IPH and Xenith shareholders detailing the various reasons why their proposal is be...

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LandMark White's data breach just the beginning for cyber criminals

LandMark White's data breach just the beginning for cyber criminals

Though the dust is yet to settle and the full effects of the data breach suffered by LandMark White are yet to be revealed, it's safe to say one tiny error has led to a world of pain for the listed property valuer. Whether it was the 10 days that LMW's data was sitting on the dark web free for anyone opportunistic enough to grab, ...

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Significant demand pushes WiseTech raise up $50 million, closes at $300 million

Significant demand pushes WiseTech raise up $50 million, closes at $300 million

Shareholders hungry for a slice of logistics software giant WiseTech (ASX: WTC) has pushed its capital raise up from $250 million to $300 million. Announced yesterday, the raise by one of the fastest risers in this year's Sydney's Top Companies List is intended to assist the company with its growth plans. At the close of the p...

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Blackmores heir takes over as CEO of the company

Blackmores heir takes over as CEO of the company

The son of the late founder of Blackmores (ASX:BKL) will take over the health company as interim CEO. Executive director Marcus Blackmore (pictured) will step in as interim CEO from 1 April. The appointment of Marcus comes following the shock resignation of Richard Henfry in late February after just 18 months in the role. Henfry s...

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AMP sells outer Sydney retail centre for $140M

AMP sells outer Sydney retail centre for $140M

A retail centre 35km west of the Sydney CBD that houses anchor tenants including Bunnings and The Good Guys has been sold for $140 million to property investment firm Ashe Morgan. AMP Capital Diversified Property Fund sold the Crossroads Homemaker Centre in a deal that was co-marketed by Stonebridge Property Group and CBRE. CBRE ...

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