The consumer watchdog has decided not to approve GPC Asia Pacific’s proposed $43 million acquisition of Automotive Holdings Group’s Covs Parts business on the grounds that it would substantially lessen competition.
Window blinds manufacturer and retailer Kresta Holdings has been provided with a CNY50 million ($A10.6 million) loan by its Chinese parent company to pay off an existing facility and expand its east coast manufacturing operations.
The recent approval for an estimated $450 million expansion of Westfield Whitford City has added to a long line of shopping centre redevelopments proposed in Perth, although ongoing economic uncertainty is casting doubt on how many will actually go ahead.
Investors have welcomed news that Perth-based confectionery company Yowie Group has signed a licensing agreement with the firm behind the popular Angry Birds franchise, to manufacture an Angry Birds-themed candy for the US market.
Western Australia’s oldest family-owned business has won a contract to provide local inbound freight transport services for German supermarket chain Aldi, which is planning to open its first Perth stores next year.
Wesfarmers' incoming chairman Michael Chaney will inherit challenging conditions in the conglomerate's industrial and resources division, but continued solid earnings from its retail businesses including Coles and Bunnings.
Retail spending in Western Australia has hit its highest level on record, in seasonally adjusted terms, with September expenditure more than $2.8 billion; yet growth is well down from the heights of the boom.
New retail trading laws for WA will affect businesses as varied as Bunnings, Masters, stallholders at short-term markets and even shops on Rottnest Island as the state government moves to widen trading hours and remove anomalies in current regulations.
Former iiNet boss Michael Smith has replaced Russell Withers as chairman of convenience store chain 7-Eleven, while chief executive Warren Wilmot has resigned following revelations the company’s franchisees had been underpaying their workers.
While storm clouds gather over office assets and land development comes off the boil, interest in retail property is building as investors look for somewhere secure to park their cash. Click through to see our list of WA's top 10 locally-based shopping centre owners.