Online shopping
Opinion
Luxury fashion
I used to think buying ‘superfakes’ was OK. Then I learnt how toxic they are
Once we can appreciate the criminality of fakes, it’s clearer why we should all be concerned. How did they get here? How were they sold unchecked for so long?
- by Melissa Singer
Latest
Investigation
Luxury fashion
Louise paid $2500 for her dream bag, but says she was sold a ‘superfake’
A Sydney-based luxury retailer has been accused of selling fake Prada and Gucci handbags, as counterfeits become harder to spot.
- by Melissa Singer
Fast-fashion upstart Temu accuses Shein of bullying suppliers
The Chinese rivals are two of the rising powers in online retail, a growing threat to the likes of H&M and Zara. The lawsuit offers a rare glimpse into the business models of the two secretive companies.
- by Jane Zhang and Katie Arcieri
‘Manipulative, deceptive’: Amazon sued for tricking users into subscribing to Prime
The online shopping giant has “duped millions of consumers” by illegally inducing them to sign up for its Prime service and then hindering them from cancelling it, the US Federal Trade Commission claims.
- by David McCabe
Sukin to go up for sale as another nail driven into BWX coffin
Australia’s largest cosmetics sale is now kicking off with BWX’s receivers unveiling plans to sell the group’s most valuable remaining brand.
- by Jessica Yun and Colin Kruger
‘Insufficient cash’: Online drinks retailer BoozeBud hunts for new buyer
Online drinks retailer Boozebud is the latest retailer to fold as the number of business collapses climb.
- by Jessica Yun
Collapsed and unprofitable: Purely Byron directors may be investigated, report reveals
Elsa Pataky’s Purely Byron, which didn’t launch its first product until June 2022, was unprofitable for three years and had just $4250 in the bank before it collapsed.
- by Jessica Yun
Hundreds of jobs to go at Australia Post
A number of head office roles at Australia Post will be cut by the end of the financial year as the postal carrier looks to streamline operations in the face of rising financial pressures.
- by Emma Koehn
Exclusive
Retail
‘Before it was destroyed’: Entrepreneur Irene Falcone to launch direct rival to Nourished Life
Sans Drinks founder Irene Falcone isn’t interested in buying back her first business Nourished Life because she’s setting up a new one.
- by Jessica Yun
Updated
Insolvency
‘Why would I?’: Founder Irene Falcone won’t buy Nourished Life back from BWX
The number of brands in BWX’s stable is rapidly dwindling as it elicits expressions of interest for online marketplaces Nourished Life and Flora & Fauna.
- by Jessica Yun
Opinion
Venture capital
Start-up shutdown: How post-pandemic freedom killed a star
At least $100 million of capital was devoured by rapid-delivery grocery store start-ups, Milkrun’s creation becoming one of the venture capital industry’s most visible financial follies.
- by Elizabeth Knight