Australia news and archive

UK signs 'landmark' free trade agreement with Australia

The UK has signed a trade agreement with Australia setting new global standards in customs and services and creating new work and travel opportunities for both nations. Agreed upon by UK prime minister Boris Johnson and Australian prime minister Scott Morrison in June, negotiators have now finalised the agreement with the final deal signed in a...

Business

Australia busca opciones para su algodón en el sudeste asiático

La relación entre China y Australia continúa deteriorándose, después de un año de escalada de acusaciones veladas, disminución de la confianza mutua y acuerdos comerciales fallidos. Ahora, la industria australiana del algodón enfrenta la pérdida potencial de su negocio en China, valorado en 611 millones de dólares australianos. La industria del...

Business

Australia seeks safe haven for its cotton in South East Asia as tariff war with China escalate

The relationship between China and Australia continues to deteriorate, after a year-long escalation of veiled accusations, decreasing mutual trust and strangled trade agreements. Now, the Australian cotton industry faces the potential loss of its 611 million Australian dollars cotton trade to China. Australia’s cotton industry is fully reliant...

Business

Coach foundation donates 100,000 dollars to Australian relief efforts

The Coach Foundation, the charitable foundation run by Tapestry-owned brand Coach, is donating 100,000 U.S. dollars to the relief efforts for the bushfires in Australia. Its donation amounts to approximately 145,000 Australian dollars and will be made directly to the Australian Red Cross. Tapestry has also stated that it has a matching gift...

Business

Kering brands donate to fight Australian bushfires

Luxury conglomerate Kering has announced that its family of brands are banding together to donate a total of 1 million Australian dollars as an immediate contribution to “support the efforts of the Australian people to fight the wildfires”. The donation from Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron,...

Business

Amazon cuts Australia from U.S. site

Amazon Inc. has announced that Australian consumers will now have to use the company's Australian website rather than the U.S. one beginning July 1 in order to avoid a new sales tax on certain imported goods. The news was first reported by Business of Fashion. Amazon has said that it would redirect Australians to their newly launched Australian...

Retail

Esprit decides to stop operations in Australia and New Zealand

Esprit Holdings Limited has decided to close all its stores in Australia and New Zealand, as the region has proved to be loss-making. In a statement for investors issued on Tuesday, Esprit said the decision will allow for the company to concentrate efforts and resources in the Asian market, namely China, Hong Kong, Taiwan, Singapore and...

BusinessFeatured

Topshop & Topman to re-launch in Australia

Following a bleak summer for Topshop/Topman Australia, the brands have announced that they will be relaunching into the Australian market. Sir Philip Green’s Arcadia Group stepped in to save the Australian arm of Topshop/Topman, following their voluntary administration under management by Austradia in May. Four stores will now relaunch in...

Retail |UPDATE

UPDATE: Topshop Australia shuts five underperforming stores

London - Five out of nine stand-alone Topshop stores in Australia are set to close their doors for good, in last-minute rescue bid to try and save the overseas franchise of the famed UK high street retailer. Topshop Australia stores in Chatwoods and Miranda shopping centres in New South Wales, Highpoint in Melbourn and Perth have all closed down...

Retail

JD Sports continues Australian expansion with Sydney store opening

London - JD Sports has its sights set on expanding in Australia, as the retailer gears up to open its debut store in Sydney. The store opening follows along from JD Sports first Australian store opening in Melbourne and on the Gold Coast, Queensland earlier this year. Located at Westfield Parramatta shopping centre, the new store is set to span...

BusinessFeatured

760 jobs at risk as Topshop Australia is placed into Voluntary Administration

London - Topshop/Topman (Austradia Pty Ltd), the separately owned and operated Australian franchise of the high street fashion retailer, has been placed into voluntary administration today following increasing debt. The move sees 760 jobs as well as a number of retail locations at risk. Financial restructuring firm Ferrier Hodgson has been...

Retail |UPDATE Featured

Agent Provocateur to shutter all Australian stores

London - It seems as if fears concerning the future of Agent Provocateur may prove to be true, as the luxury lingerie retailer is set to shutter all of its Australia stores. 3 of Agent Provocateur current retail locations in Australia have already closed, as the last location is set to close its doors as soon as all its stock has been sold....