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Tom Ford opens its first Australian Beauty concept store

Inside Retail

Tom Ford opened its first store in Australia in Sydney in 2011, and it was acquired last year by beauty behemoth Estee Lauder in a US$2.8 The corporation planned to fund this deal using cash, debt, and $300 million in delayed payments to the sellers that will become due in July 2025.

Concept 275
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Consumer class action launched against JB Hi-Fi over ‘junk’ warranties

Inside Retail

The suit is seeking refunds for consumers who bought such warranties between January 1, 2011 and November 29, 2023. They were of little or no value because – the class action argues – customers already had the same rights for free under the Australian Consumer Law. Further reading: JB Hi-Fi says full-year profit fell, but sales up 4.3

Consumer 264
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Poshmark to exit Australia to focus on core markets

Inside Retail

The company said on its website that it plans to increase investment and “drive meaningful growth” in its core markets – the US and Canada. Founded in 2011, Poshmark is a social commerce marketplace where users can buy and sell new and secondhand fashion, home goods, and electronics.

Marketing 263
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What Bapcor can learn from Bain’s long track record of PE bids

Inside Retail

In 2011, the company set its IPO price range between US$16 and $18 per share, and when the stock first traded on the NASDAQ in July 2011 it opened at US$24.97 Ironically, in January this year, the privately owned company PNB Consolidated, which is led and primarily owned by Humble, acquired Sukin for roughly $70 million.

Marketing 278
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Powerlist Influential 30 Architects 2024: Dilara Ajun, Creative Director, ATI Consultants, Architects And Engineers

Design Middleeast

Born in Turkey in 1988, Dilara earned her bachelor’s degree in Architecture and Urban Planning from Istanbul Technical University, Faculty of Architecture, in 2011. She worked in leading development and architecture companies while pursuing her master’s degree in real estate development from 2011 to 2013.

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Foodle: the new food emporium capitalising on appetite for Asian cuisine

Inside Retail

Loh, known for successful Australian restaurant chains including Sushi Jiro, Old Beijing, and Dragon Hotpot, plans to expand the Foodle concept in the coming months. ABS data showed that the number of Australians who listed India as their country of birth increased from about 337,000 to over 700,000 between 2011 and 2021.

Location 240
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EE and ITV unveil latest store opening on the cobbles of Coronation Street, in new partnership

Retail Focus

ITV and EE today announce a new product placement partnership, with plans unveiled for EE’s latest store opening on one of the most famous streets in the UK, Coronation Street. Product placement (PP) was introduced in the UK in 2011 and ITV led the way with the very first PP on British screens.