Eli Greenblat

Eli Greenblat

Eli Greenblat is a business reporter covering the retail and beverage sectors.

Wine

Barbarians gather at the gate as foreign investors eye Penfolds

Eli Greenblat With a takeover battle looming at Treasury Wine, Eli Greenblat looks at what structure is best suited to owning wine assets.

Beverages

VB sales down, SABMiller reports

Crushed VB can.

Eli Greenblat SABMiller has witnessed a 1 per cent sales decline for its flagship brand VB.

Beverages

Private equity firms circle Treasury

Michael Clarke

Eli Greenblat Treasury Wine chief Michael Clarke was working alongside private equity firm KKR just nine months ago.

Defiant Treasury Wine rallies its takeover defences

Speculation is mounting of a higher bid

Eli Greenblat Shares in Treasury Wine Estates shot 8 per cent above the bid made by private equity firm KKR on Wednesday as the board of the world's biggest listed wine company fleshed out its defence plans and...

US corporate raider circles Penfolds

Pnefolds

Eli Greenblat It is Australia's only successful globally recognised luxury brand, but could soon be rendered a glistening prize that sits beside Toys 'R' Us, Oreo cookies and Samsonite luggage in the bulging...

Takeovers

Treasury says ignore KKR's $3.1b offer

Eli Greenblat Treasury Wine Estates has made its case to investors to ignore a surprise $3.1 billion takeover bid from private equity firm KKR by pledging to slash its workforce by 5 per cent and the savings to...

Beverages

Treasury to aim Rosemount wines at UK convenience stores

Rosemount

Eli Greenblat Treasury Wine Estates will revamp part of its Rosemount Estate portfolio for the UK convenience store market to make a play for the estimated £200 million in revenue up for grabs from impulse...

Buyback signals JB Hi-Fi will focus on growth, not acquisitions

JB Hi-Fi

Eli Greenblat and Michael Smith JB Hi-Fi to use up $27.2 million of cash reserves to buy back 1.4 per cent from investors.

Retail

US homewares giant to open more stores in Australia

A Willams-Sonoma retail store stands in Corte Madera,

Eli Greenblat Pottery Barn owner to expand in Australia as the foreign retail invasion continues.

Retail

DJs makes some noise with great quarterly sales, but Paul Zahra stays quiet

Eli Greenblat DJs wipes floor with Myer, posting best quarter in years, but keeps boss in bunker.

Wesfarmers stands by new Coles boss John Durkan

John Durkan

Eli Greenblat Wesfarmers was refusing to comment late Monday on the future of the incoming boss of its Coles supermarket chain, John Durkan, despite the executive named in court documents as playing a key role in...

ACCC stoush

Wesfarmers stands by next Coles chief

Eli Greenblat Wesfarmers was refusing to comment late Monday on the future of the incoming boss of its Coles supermarket chain, John Durkan, despite the executive named in court documents as playing a key role in...

Retail

Cash for Coles: making suppliers pay

Coles supermarket Greenacre, Sydney. Generic Wesfarmers retail shopping centres Australia.
AFR Picture by STAFF
(NO CAPTION INFORMATION PROVIDED)

Eli Greenblat A casual request for cash from Red Bull was part of a pilot program where Coles sought payments from some of its key suppliers, court documents reveal.

Retail

ACCC takes action against Coles over alleged treatment of suppliers

Coles

Eli Greenblat The Australian Competition and Consumer Commission is taking action against Coles for "alleged unconscionable conduct towards its suppliers".

Retail

Myer boss Bernie Brookes vows a return to profit growth next year

Bernie Brookes.

Eli Greenblat Australia's biggest department store has vowed to return to profit growth next year.

Retail boss Mark McInnes blasts Labor, slams high wages

130419 afr mcinnes pi
friday april 19 2013
mark mcinnes talking at the trans tasman business circle lunch
pic josh robenstone
story jess gardner

Eli Greenblat Former David Jones boss Mark McInnes has introduced a speech by federal treasurer Joe Hockey with a blistering attack on the previous Labor government's management of the economy.

Beverages

Pernod Ricard rumoured to be circling Treasury Wine Estates

The Age
News
02/05/2013
picture Justin McManus.
Costco selling 2008 Penfolds Grange.

Eli Greenblat Shares in Treasury Wine Estates, the world's biggest listed winemaker and owner of brands such as Penfolds, Wolf Blass and Rosemount, have rocketed nearly 15 per cent this morning on rumors that...

Retail

Myer shares fall on sales figures

Bernie Brookes of Myer at Press Conference 15th September 2011

Eli Greenblat Myer shares have fallen sharply after the retailer reported a slight decline in total sales for the third quarter.

Retail

sass & bide in 48 per cent profit jump

sass & bide

Eli Greenblat Australian fashion label sass & bide has successfully fended off the invasion of foreign retail giants such as Spanish fast-fashion giant Zara and Topshop and a slew of online competitors like ASOS...

Retail

Shares slide as Woolworths falls short in bid to defeat Coles

WOOLWORTHS AFR PHOTOGRAPH BY GLENN HUNT 10102012.
GENNERIC- Woolworths

Eli Greenblat Investors showed they had little patience for companies that undershot earnings forecasts, even by the thinnest of margins, sending down shares in retailer Woolworths on Wednesday by 3 per cent after...