Woolworths Australia has announced that it is to delay the demerger of its Endeavour Drinks business until 2021. Uncertainty puts demarger on hold The business was meant to be demerged in-mid 2020. However, with financial markets struggling and the business being forced to close all hotels in the wake of forced shutdown due to Coronavirus, CEO Brad Banducci has been left with no option but ...

Amazon in Australia has filed revenues of AU$562m for 2019, an increase of 92.4% of the previous year, however it still hasn't made a profit. Revenue up AU$270m Having entered Australia in December 2017, the huge growth builds on the AU$292m of revenue it reported in 2018, with Amazon Prime membership one of the major contributors to the increase. Prime membership grew from AU$4.3m in 2018 ...

Global fuel forecourt operator, EG Group has made two more acquisitions adding further foodservice and food retailing assets to its extensive portfolio of gas stations.  These latest purchases are of The Herbert Group in the UK, the country's largest single franchise operators of the KFC brand, and of Oliver's Real Food in Australia a leading innovator in fresh and healthy food-to-go. Herbert ...