Simon Evans
Senior Journalist at Australian Financial Review
Senior journalist with The Australian Financial Review. Retail, wine, beer, building materials, mergers & acquisitions, technology. [email protected]
Articles
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1 week ago |
afr.com | Simon Evans
Billionaire Raphael “Ruffy” Geminder will consider selling parts of the Pro-Pac Packaging business he controls as it struggles with soaring energy bills and tough competition. ASX-listed Pro-Pac, which makes potato chip bags, biscuit packets, plastic trays and plastic wrappers for a range of food, beverage, health and agriculture companies, has suffered a collapse in market value from almost $300 million in late 2021 to just $2.5 million now. Loading...
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1 week ago |
afr.com | Simon Evans
Private equity group BGH Capital and Queensland brothers Luke and Karl Trouchet have made a $471 million buyout offer for struggling campervan rentals business Tourism Holdings Ltd. THL, which is dual-listed on the New Zealand and Australian stock exchanges, has a fleet of 7200 rental campervans under brands including Britz, Maui and Apollo and a substantial business selling the vehicles. Loading...
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1 week ago |
afr.com | Simon Evans
Australia’s 3800 car dealerships could be $2 billion worse off over the next five years if the auto industry fails to adapt to stricter fuel efficiency standards aimed at steadily removing higher-polluting vehicles from the roads. Under the federal government’s New Vehicle Efficiency Standard, car manufacturers will be measured across their entire new vehicle ranges, with penalties to be applied from July 1 for heavy polluters. Loading... Follow the topics, people and companies that matter to you.
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1 week ago |
afr.com | Simon Evans
China Mengniu Dairy has been forced to provide a letter of support to banks financing Bellamy’s Organic, after writing down the value of its local infant formula business by $1 billion over the last year alone. Mengniu is one of China’s largest dairy producers and acquired Bellamy’s, which has been listed on the ASX, for $1.5 billion in 2019.
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2 weeks ago |
afr.com | Simon Evans
The new chief operating officer for Australia of fast-growing Chinese electric BYD says the price of full battery electric vehicles will eventually fall to the same levels as similar-sized petrol or diesel models. Stephen Collins, who ran Honda Australia for 11 years until 2022, has outlined ambitious growth plans for BYD in Australia. It was the country’s twelfth highest selling car brand in May, and it now outperforms Tesla. Loading... Follow the topics, people and companies that matter to you.
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Australia's other main airline, Virgin, will raise $685m as it returns to being a company listed on the ASX, alongside fierce rival Qantas. https://t.co/9sa6dVLF6N
Household cost-of-living pressures aren't letting up. Agribusiness company Elders says meat prices set to rise further over next six months. https://t.co/8UJgeQ5ywL
Footwear retailer Wittner has collapsed. Deloitte appointed as administrators to the business which has 20-plus stores, and also sells in David Jones and Myer. Founded in 1912. https://t.co/xK7RYYxh5F