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Good Guys to pay $13.5M in ACCC suit over misleading promotions
Retailer The Good Guys has agreed to pay $13.5 million in ACCC proceedings alleging it made misleading statements about store credit.
Emma Sleep’s German parent company not on hook for misleading ads
Online mattress retailer Emma Sleep has admitted to misleading consumers about the sale price for mattresses, but a court has found its German parent company is not on the hook because its executives did not give directions to the Australian unit.
Construction PRO
EVT puts Sydney CBD entertainment complex up for sale
Entertainment giant EVT has put its landmark Sydney CBD Event Cinemas complex on the market.
Construction PRO
‘Absolutely crazy’: Judge baffled by costs fight 2 years after trial in shopping centre spat
A bid by the parties for the court to determine legal costs in a successful case over the $55 million sale of a Queensland shopping centre has left a judge scratching his head.
ACCC has concerns about $475M merger of rural retailers Elders, Delta
The ACCC has raised concerns about the proposed acquisition by ASX-listed Elders of Delta Agribusiness, saying it could reduce competition in agriculture products.
Construction PRO
Surfers Paradise’s Cavill Lane sells to investment firms for $31M
Surfers Paradise's Cavill Lane retail precinct has been sold for $31 million to investment management companies Boston Global and The Property Factory.
Judge approves ‘high end’ 30% GCO in JB Hi-Fi class action
A judge has approved Maurice Blackburn’s 30 per cent group cost order in a class action against JB Hi-Fi over worthless warranties, noting the 'high end' rate would be reviewed at a later stage.
ASIC accuses Snaffle of hefty price markups, excessive interest charges
Australia's corporate watchdog has taken Snaffle to court, alleging the online retailer inflated prices and charged excessive interest under credit contracts.
Construction PRO
Shopping centre can’t retain $1.5M after failed $30M land purchase
A Victorian shopping centre has been ordered to pay back $1.5 million to a company that broke a contract for a $30 million land sale.
Construction PRO
Jeanswest has $26M in lease debt, but administrators courting brand buyers
Collapsed clothing brand Jeanswest has nearly $26 million in lease liabilities on stores nationwide, but buyers may bite, administrators have told the Federal Court.