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The Australian
 

Good afternoon,

The boss of scandal-ridden Country Road Group has conceded the fashion house has suffered its worst financial performance in its history and demands a total relook at its structure, new leadership teams and cutting costs – which will likely lead to job losses.

In a strategic play to survive, canned food company SPC, The Original Juice Co and powdered milk business Nature One will merge to create a new, bigger food manufacturer that will have more than $400m in annual sales and a stronger voice when dealing with the supermarket giants.

A bankruptcy dispute between billionaire Richard White and Sydney based beauty entrepreneur Linda Rogan “might be ugly”, a court has heard.

Perry Williams
Business editor
The markets


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