Big private car retailer DVG Automotive Group has released its results for the 2015 financial year, showing a tightening economy had not significantly hit its sales ahead of the sale of a majority stake to Japanese interests.
Preparations are being made for international fashion giant H&M to open its long-anticipated second store in Perth, while the Plaza Arcade is in line for a $6 million revamp to make room for another flagship global tenant.
One part of the Dick Smith business has been snapped up by an entity affiliated with Harvey Norman, although employees will still need to wait for a liquidation process to receive overdue entitlements.
The expansion plans for Perth’s major shopping centres are gaining momentum, with Scentre Group’s Westfield Carousel, Westfield Innaloo and Westfield Whitford City likely to be the first to start work, near the end of 2016.
Former Skilled Group boss Angus McKay has been named chief executive of convenience store chain 7-Eleven, replacing Warren Wilmot who resigned from the role last September after revelations of franchise staff being underpaid.