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It sold for how much? That was the question flying around the Melbourne office of BRW yesterday after it was revealed that the owner of the 160-store Rivers retail chain had sold to ASX company Speciality Fashion Group for a paltry $5 million.
This Christmas the stage is set for a showdown between the new Xbox One and PlayStation 4 game consoles – but either way the winner will be the electronics retailers.
Adam Scott’s US Masters winning form was on show on Thursday in the opening round of the Australian Open.
Head of funds management, La Trobe Financial
Who is your investment hero?
I subscribe to the old Warren Buffett principle about not investing in things you don’t understand. Your scorecard is not computed using Olympic diving methods: degree of difficulty doesn’t count.
S&P/ASX 200: 5198.00-1.44% (Dec. 5 close)
Click through for more information on the investments of Australia’s wealthiest shareholders.
There seems little doubt. Without reinvention, the profitability of most traditional professional services firms will eventually plunge.
Christopher Pyne’s decision to break the Coalition’s election promise to support Labor’s Gonski reforms has created a ‘carbon tax moment’ for the Abbott government.
Amanda Gome reflects on the changing face of entrepreneurship and concludes there’s never been a better time to launch a business.
Global retail director, Specsavers
What is the best piece of advice you have ever received?
Recruit self-disciplined people who don’t need to be managed so you can manage the business, not the people. It’s amazing how much more focus and time you have when you have the right people around you.