Lululemon signs 10-year deal with Aussie recycling start-Up Samsara Eco
Athleisure juggernaut Lululemon will source a significant portion of some its fabrics from Samsara Eco under a new 10-year offtake agreement.
Anastasia Santoreneos
Anastasia Santoreneos reports on innovation, technology, business and wealth. She also compiles Forbes Australia's lists. Email Anastasia at anastasia.santoreneos@forbes.com.au.
Advanced AI models face ‘complete accuracy collapse’: Apple
New AI variants called large reasoning models face ‘a complete accuracy collapse’ beyond certain complexities, a new paper published by Apple researchers argues.
Qantas to close Jetstar Asia amid rising costs: ‘A very tough day’
Qantas will close Jetstar Asia, the group’s Singapore-based low-cost subsidiary amid rising costs and intensified competition in the region.
Australia’s quantum mastermind joins Tech Council
Michelle Simmons, CEO and founder of Silicon Computing (and former Australian of the Year), has joined the Tech Council of Australia on its board of directors.
Qantas bolsters Frequent Flyers with new David Jones partnership
Australia’s national carrier, Qantas, has partnered with department store David Jones to expand the reach of its Frequent Flyer program even further.
Virgin Australia seeks $2.3 billion valuation at IPO, reports
The airline is set to re-enter the ASX and looking to raise $685 million in its initial public offering, Reuters reports.
‘First in Australia’: Delivery startup banks $1.45m – and puts ‘Bitcoin on the balance sheet’
Last-mile delivery start-up Locate Technologies says it will stash cash in excess of its working capital in Bitcoin.
Rugs to riches: How Miss Amara spun a $26m empire from the floor up
From spying a growing category on Google Search to becoming a household name across Australia and New Zealand (not to mention expanding in Hong Kong and the US), the husband-and-wife duo behind Miss Amara, Alexandra and Aaron Weller, know a thing or two about category disruption. It’s 2014 and Aaron Weller is working in the […]
Canva co-founder Cameron Adams pledges more than half his US$3bn fortune
Adams joins Canva co-founders Melanie Perkins and Cliff Obrecht in giving the majority of his fortune to charity as part of his promise. Key Takeaways Key background The Giving Pledge, signed by Canva co-founder Adams, is a promise by the world’s wealthiest philanthropists to give the majority of their wealth to charitable causes in their […]
Australian hospo-tech platform EatClub banks $18.2 million as it heads abroad
Launched in 2017, the restaurant technology platform backed by celebrity chef Marco Pierre White has completed a hefty Series A raise as it eyes a UK expansion. Key Takeaways Big number $18.2 million – that’s how much cash EatClub raised in its Series A. The round was led by Co:Act Capital, a Melbourne-based venture capital […]