Qantas has announced an estimated underlying profit before tax of around $2.4 billion for FY23, claiming “strong travel demand” and the completion of its three-year recovery program have contributed to the result. The company has also reshuffled its board for the second time in a month, announcing the appointment of former American Airlines CEO and […]
As the sandwich chain eyes a potential US$10 billion sale, a Forbes investigation reveals that late cofounders Peter Buck and Fred DeLuca and their families salted away billions for themselves and their foundations. Meanwhile, some franchisees say they are left with crumbs. In the early 2000s, a footlong frenzy swept the United States. More than […]
Those around her at the time told Hannon Comazzetto that leaving her EY consulting role to launch a startup was risky. But her determination to solve the global fast-fashion waste problem outweighed the risks, and in 2018 she founded Airrobe, a platform dubbed the Airbnb of clothing. Hannon Comazzetto is in Australia for a short […]
The Federal Budget had some hits and misses for SMEs and startups this year: here’s what you need to know. While the Labor Government and its supporters are celebrating a significant and deserved win today – announcing the first Federal Budget surplus ($4.2b) since 2007 – there are mixed reviews on what it means for […]
Financial crime experts say that money launderers will continue to buy up Australian real estate until legal loopholes are addressed. However, opinion is divided as to how to solve the problem. Subscribe to Forbes Australia for full access to this and all articles today Subscribe Already a subscriber? Sign In
The Reserve Bank of Australia has increased the official cash rate by 25 basis points to 3.85%, saying inflation is still too high. The Reserve Bank of Australia board announced this afternoon that it will increase the cash rate target by 25 basis points to 3.85%, saying while inflation has passed its peak, 7% is […]
Twitter’s former boss picked Jay Graber to create a spinoff called Bluesky that lets users control their online identities, and it is about to hit the market. Elon Musk won’t play along, but he is providing an opening for the project nonetheless. Key Takeaways Lantian “Jay” Graber’s mother grew up in China during the Cultural Revolution—a […]
Japanese company Kirin – best known in Australia for owning beer giant Lion (owner of Aussie beer brands XXXX, Hahn and Tooheys) – has made a bid to buy iconic Australian vitamins company, Blackmores for $1.88 billion. While the deal still needs to go before shareholders and the corporate regulator, Blackmore’s board of directors is […]
For more than 40 years, this mother-daughter duo has been at the helm of Australia’s most successful bakery franchise. Bakers Delight was founded by Lesley Gillespie and her husband, Roger, in 1980, and today their daughter Elise Gillespie runs the $800 million company with her husband, David Christie. They explain the secret to the success […]
Mario Gabelli, chairman and chief executive officer of Gamco Investors Inc., center, during a shareholders shopping day ahead of the Berkshire Hathaway annual meeting in Omaha, Nebraska, U.S., on Friday, April 29, 2022. After hanging in the shadows for most of the pandemic, Warren Buffet and his deputies have been ramping up Berkshire Hathaway Inc.s […]