Michael Hill axes Emma & Roe to support core brand

Michael Hill axes Emma & Roe to support core brand

Michael Hill International (ASX: MHJ) is saying its final goodbyes to the fledgling brand which, despite promise in the early days of Michael Hill's ASX listing, has proven to be a burden on the group's balance sheet. Following a company-wide review, Michael Hill has decided to close all Emma & Roe fashion jewelry stores to re...

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Apollo scoops up troubled Fleetwood RV brands

Apollo scoops up troubled Fleetwood RV brands

Listed motorhome group Apollo Tourism & Leisure (ASX:ATL) has steered west for its latest acquisition, splashing out $1 million to scoop up brands owned by Perth-based Fleetwood Corporation. While this is the latest in a string of major deals secured since the company listed on the ASX in 2016, the company today warned that FY18 earni...

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New acquisitions make QBL a major cannabis player

New acquisitions make QBL a major cannabis player

After almost two months in a trading halt Queensland Bauxite Limited (ASX: QBL) has returned to the market with a significant announcement about the transformation of its cannabis industry activities. The company, which has become a major player in the cannabis sector over the last year, has announced a transformation project, seeing Quee...

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Offshore buyers may fill the void as BP dumps bid for Woolies petrol

Offshore buyers may fill the void as BP dumps bid for Woolies petrol

The national retail petrol market could open up to new competition after BP Australia pulled out of an ambitious $1.8 billion plan to buy Woolworths' retail fuel network.

At least three international parties have been rumoured to be in the running for the acquisition, namely private equity group Kohlberg Kravis Roberts, Canadian retail fu...

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Bellamy's organic movement hits Tasmania

Bellamy's organic movement hits Tasmania

Bellamy's (ASX: BAL) has made a $5.5 million investment to assist Tassie farmers in transitioning to organic practices. The infant formula producer has signed a deal with global dairy giant Fonterra to help Tasmanian farmers switch to organic practices, in an effort to increase the local supply. Bellamy's will make an initial ...

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