West Australian Newspapers Holdings Ltd has sold its 50 per cent stake in cinema chain Hoyts Group for about $150 million, which is in line with its recently written-down value for the asset.
Fortescue Metals Group Ltd chief executive Andrew Forrest, who has built a $4 billion fortune developing iron ore deposits in the Pilbara, has gifted shares and options worth $80 million to his charity, The Australian Children's Trust.
A group of former Evans & Tate grape growers have established a co-operative to negotiate the sale of their fruit to other industry players, after receivers for the Margaret River winery revised its 2008 vintage contracts.
An innovative takeover sweetener for Coles Group Ltd shareholders became all the more important last week when an independent expert’s report revealed Wesfarmers Ltd would effectively secure the retailer on the cheap.
Karijini National Park’s first upmarket accommodation offering is experiencing strong demand from east-coast tour operators, with bookings for its permanent tents housing queen beds and some of life’s modern luxuries becoming increasingly difficult to sec
Wesfarmers CEO Richard Goyder has great admiration for retailing executives such as Archie Norman, who was largely responsible for turning around the fortunes of UK supermarket group, Asda, before its sale to American retail giant Wal-Mart in 1999.
Restaurateurs Josephine Mac Fie, Chris Vane and chef Belinda Martin, have finally settled on a new name for Verve Restaurant, which they bought more than a year ago.
John Poynton’s Prime Heath Group is embarking on an aggressive expansion across Australia and overseas as the investment banker seeks to capitalise on growing demand for corporate health and training services.
It may have been a sombre week for the many fans of Eminem Turkish restaurant, but for young chef Pierre Ichallalene it is a time of immense excitement.
Investment markets are becoming more receptive to the wine sector, according to Palandri executive chairman Darrel Jarvis, who is in the final stages of preparing an Australian stock market float for his Margaret River business.
The significant growth in the number of listed Western Australian companies in the past financial year has increased the end-of-financial-year auditing bottleneck and has some accounting practitioners calling for changes to the reporting deadlines imposed
Michelle and Steve Jones have bought Subiaco’s Social on Station restaurant, formerly managed by Linda Ross (formerly Mead) and her husband, Adam. Mr and Mrs Jones are in the process of re-branding the eatery as Social Subiaco.
A project conceived by City of Perth planners to make many of the city’s laneways more vibrant has been met with strong resistance from the city’s lord mayor, Peter Nattrass.
Councils overseeing Perth’s popular hospitality districts have begun receiving applications for small bars, more than four months since the introduction of new liquor laws designed to bring a more liberal food and wine culture to Western Australia.
Indigenous mining contractor Ngarda Civil and Mining will more than double its workforce in the next six months after this week securing the biggest single contract awarded to an Aboriginal company in Australia.
Riverside eatery Matilda Bay Restaurant has recently undergone a $2 million makeover designed to make the expansive venue a more intimate place to wine and dine, both for its existing customers and for a somewhat younger, sophisticated corporate crowd.
Fortescue Metals Group Ltd will shift its attention from mining its Christmas Creek deposit in favour of developing a 100 kilometre strip of potentially rich iron ore dubbed ‘Solomon’.
