Aug 16, 2017 Last Updated 2:16 PM, Aug 16, 2017

New Entry From the Editor :

Contrasting fortunes for Origin and Woodside in FY results

Contrasting fortunes for Origi…

AusBN - Origin Energy has posted a full-year (FY) loss of AUS$2.2 billion a...

Report finds majority of top Australian firms ill-equipped for business in Asia

Report finds majority of top A…

AusBN - A report by think tank Asialink has found that a large majority of ...

South Australian government to be powered by 150MW solar thermal plant

South Australian government to…

AusBN - A 150MW solar thermal power plant has been contracted by the South ...

Uniqlo opens sixth Australian store

AusBN – Following the opening of its first Australian site last year, Uniqlo is set to open its sixth store in Westfield Parramatta this weekend.

Uniqlo opened its first Australian store in October last year at the AMP Shopping Centre’s Macquarie Centre.

The new store will occupy around 1500 square metres and will offer a wide range of products.

Uniqlo chief development officer Matt Parker said: "We are in constant conversions with the major landlords and retail property agents as we seek out new stores across the country.

"Where possible, we look at the central business districts of each capital city and then roll out to the suburbs, as we did in Melbourne and Sydney. We are very happy to be in association with Westfield with our two new stores.

"The redevelopment of the shopping centres and the city-based strips have helped put Australia on the radar for many international retailers.

"Furthermore, the changing shift in inner city living and the new apartment projects has definitely changed the way retail is offered in capital cities and we will be looking to expand where we can with new stores in the new projects."

@AusBNOnline

Emerald Group acquires Bang & Olufsen’s Australasian operations

AusBN – Bang & Olufsen’s Australasian operations have been acquired by Emerald Group Investments, which operates watch and jewellery outlets in Melbourne and Sydney.

Emerald Group Investments is hoping to capitalise on strong growth in Australia’s luxury market.

The company expects the acquisition to bump its total revenues to A$70 million this year, which is $30 million more than last year.

Emerald Group Investments CEO James Kennedy said: "It's a top-end brand, innovative and has great design.

“It had lost its way a little as the parent company went through some difficult restructuring but Emerald had ambitious growth plans as it revitalises the brand in Australia.

"For the moment we are going to get our feet under the desk." 

@AusBNOnline

Rituals Cosmetics opens first Australian store

AusBN – Rituals Cosmetics has announced plans to open its first Australian store in Westfield Parramatta in July of this year.

The company is hoping that the success of this store will lead on to it fulfilling its aim to have 60 stores in the country by 2020.

A second store is already scheduled to open in greater Sydney with plans to open a third before Christmas.

Rituals Cosmetics founder Raymond Cloosterman said: "The first Rituals boutique will open its doors in Westfield Parramatta, one of greater Sydney's busiest shopping centres, in July 2015." 

@AusBNOnline

This Month's Issue

AusBN Vol3 Iss1

Subscribe

rgn web banner

abn web banner