Jun 26, 2017 Last Updated 10:15 AM, Jun 26, 2017

New Entry From the Editor :

Glencore hits back with second counter offer for Rio Tinto’s Hunter Valley coal asset

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Qantas pursuing growth in China but keeping eyes on global markets

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Bega Cheese launches $160m capital raise

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Allans Billy Hyde makes Brisbane return

AusBN – Australian music retail store Allans Billy Hyde has made a successful return to Brisbane.

The company’s new store covers 1350 square metres making it the biggest musical instrument store in Brisbane.

It also offers the biggest range of instruments and equipment in the region.

National director of Retail Brian Kelly said: "This is Billy Hyde returning to Brisbane, we’re very excited about it.

"We were keen in getting a full range music store back in Brisbane and we’re keen to re-establish the brand in the Brisbane market place."

The company also announced that it is currently rebranding two other stores in Queensland.

Kelly added: "Mermaid Beach, Southport, Underwood and Windsor will be the flagship stores for Queensland, so we’re making a big investment back into the Queensland market place."

@AusBNOnline

Forever 21 plans Australian expansion

AusBN – Forever 21 has announced plans to roll out stores across Australia.

It currently operates stores in the Macquarie Centre in North Ryde and Queen Street Brisbane.

A third store in Pitt Street Mall is due to open in the near future and the company has its sights set on Melbourne for its next store.

The Pitt Street Mall store is based over three floors in the Investa-owned 400 George Street.

Jatin Malhotra, the director of global expansion at Forever 21, said: "Pitt Street Mall was always one of our top 10 locations worldwide and we are thrilled to be opening.”

@AusBNOnline

Mr Price Group enters Australian market

AusBN – The Mr Price Group has announced plans to open its first stores in Australia later this year.

The company made the announcement alongside the release of its financial results for the year, in which it had bucked South Africa’s recent retail sector gloom.

Mr Price Group CEO Stuart Bird said: "We have been focused on identifying new markets for expansion of our Mr Price and Mr Price Home chains.

“Based on online testing and detailed desktop and on-the-ground research, we believe there is an opportunity for a fashion value retailer in Australia.

"Our plans there will commence with Mr Price opening test stores this year in time for festive season trade."

@AusBNOnline

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