Business
Companies
Birkenstock got a Barbie bounce. It now has its eyes on a $12b Wall Street listing
The iconic footwear maker is riding high after Margot Robbie donned a pair of Birkenstocks in one scene in the hit movie.
- by Swetha Gopinath, Eyk Henning and Ruth David
Latest
The bubble burst on its biggest rival, but SodaStream says it’s still growing
Despite SodaKING entering administration and the broader slowdown in consumer spending, SodaStream’s global boss says sales in Australia are increasing.
- by Jessica Yun
Department stores take hit from national belt-tightening
Living costs are making trading conditions tough, but the boss of DJs hopes the consumer outlook will lighten.
- by Emma Koehn
Foxtel aims to disrupt with ‘Project Magneto’ in quest to translate users into profits
Exuberance in terms of subscription numbers passed a long time ago, says Foxtel CEO Patrick Delany ahead of the launch of its new streaming aggregation product.
- by Calum Jaspan
Exclusive
Media & marketing
Streaming subscriptions grow despite surge in cancellations
Australians cancelled 1.25 million video-on-demand accounts between April and June, up 100,000 on the previous quarter, but 1.6 million new subscriptions were taken out in the period.
- by Calum Jaspan
Sun sets on media start-up News.net
The website for ambitious start-up News.net quietly went offline this month, after its final remaining licensing contract with Australian Associated Press was terminated.
- by Calum Jaspan
Dad shoes to supermodel attire: New Balance’s youth focus is paying dividends
The long-running athletic footwear business still hasn’t run out of puff. It’s moving into new Melbourne digs with an eye on the future.
- by Emma Koehn
Analysis
Commercial real estate
Why the worst appears over for troubled construction industry
A string of home builders have gone broke under the weight a large cost blowouts, but the survivors believe the industry has changed for good.
- by Stephen Miles
$150 million Opera House revamp a bold addition on sacred turf
Modifying the Sydney Opera House concert hall was fraught with danger, with significant public trepidation about making any change at our most iconic building. However, the fears have proven unfounded.
- by Stephen Crafti
Property developer Fortis puts out its investment recycling
The property developer is selling assets and deploying the funds elsewhere. It intends to cut the size of the office component in a Clifton Hill project, while retaining a Woolworths supermarket.
- by Nicole Lindsay
Australia’s iron ore miners can weather China slump, Rio Tinto says
Rio Tinto’s Jakob Stausholm insists Australia’s iron ore sector is in a strong position to ride out any deeper price falls amid worries about China’s economy.
- by Nick Toscano