Max Brenner has been saved, U.S. tourism boom hits Australia, and more top news
The news Australian professionals are talking about now, curated by LinkedIn’s editors. Join the conversation in the comments below.
Max Brenner has been saved by a last-minute deal. The chocolate cafe chain's Australian stores have been bought by Australian group Tozer & Co. The deal happened just as the Israeli owners of the chocolate cafe franchise withdrew the chain’s operating licence and hired liquidators. David Tozer told The Sydney Morning Herald stores would be kept open and trading as usual and he was "excited by the prospect of investing, growing and developing a highly successful business."
Tourism operators are benefiting from a low Australian dollar, with Hamilton Island getting a 22% increase from American tourists (paywall). The Australian dollar dropped more than 14% against the US dollar since the start of this year, making Australia a cheaper destination. Tourism Australia managing director John O'Sullivan said the $35m Crocodile Dundee Superbowl Ad featuring Chris Hemsworth also helped. The low dollar is also encouraging locals to travel domestically.
Optus may be fined up to $10m for misleading customers. Watchdog the ACCC is urging customers to check whether they are one of the 240,000 people who were charged for content they did not want like games, ringtones and horoscopes. The watchdog’s concern is with the telco’s 'direct carrier billing' service, which allowed automatic charges for third-party content. Competitor Telstra paid the same fine after an investigation into its premium content billing.
Sales are down at The Reject Shop, prompting nervous shareholders to sell their stake in the retail chain. The discount retailer advised same-store sales were down 2.4% over the first 15 weeks of the financial year, slashing its profit forecast from $17.7m to $10m-11m for the first half of the year. The announcement caused a 44% drop in its share price. Managing director Ross Sudano described the "extremely challenging consumer environment" in Australia right now.
Sexual harassment is so rife in agriculture that one study found 93% of women had been affected. A study by Australian National University (paywall) found “a -serious, systemic, cultural problem” of sexual harassment, within Australian agriculture, while among the broader work category of 'regional industries', 73% of women reported being sexually harassed. Former NSW Woman of the Year Danica Leys said: “this is a massive problem and we all need to take responsibility to fix it.”
Idea of the Day: You don’t have to wait until you become a “perfect” version of yourself to do great things, says Stella & Dot Family Brands founder and CEO Jessica DiLullo Herrin.
“You may never believe you are great. A great mother, a great partner, a great entrepreneur, a great leader... And that's ok. Lead anyway and just keep trying to be better, without letting natural self doubts limit you.”
What's your take on today’s stories? Share your thoughts in the comments.
Chef executive Club Med Punta Cana
5 年Very nivel placer , good food good chocolate very nivel and fashion presentation. Inés of muy favorit
Community support professional
5 年Tahlia Dias
Rotarian of Rotary Caroline Springs
5 年Love the quote of the day.
As a leader in business operations improvement, I am enthusiastic and determined to drive positive change and achieve great results.
5 年Bitter news on the rural SH concerns; Sweet news on saving a chocolate factory, Yay!!
National Talent Acquisition Manager at MSS Security
5 年Dionne M. Max Brenner is safe!