Eli Greenblat

Eli Greenblat

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

Retail

Deutsche Bank builds holding in David Jones

Eli Greenblat South African retailer Woolworths' takeover bid for David Jones could be losing its footing after Deutsche Bank seized 7 per cent of the department store.

Retail

Solomon Lew gathers forces to to block David Jones takeover by Woolworths

Solomon Lew.

Eli Greenblat Billionaire retail mogul Solomon Lew is gathering his sizeable forces and cash reserves to potentially block Woolworths Holdings from seizing control of upmarket department store David Jones.

Retail

Is billionaire Solomon Lew going to spoil Woolworths Holdings' David Jones party?

Solomon lew

Eli Greenblat and Sue Mitchell Retail billionaire Solomon Lew could be planning to derail the takeover of David Jones by South Africa's Woolworths Holdings.

Wesfarmers investors must wait for payout from insurance arm sale

Eli Greenblat Wesfarmers shareholders who have revelled in a collective $2.1 billion in dividend payments since 2009 might have to wait until next year for the conglomerate to shower them with a special capital...

Retail

Harvey Norman co-founder Ian Norman dies

Ian Norman

Eli Greenblat Ian Norman, who teamed up with Gerry Harvey in 1982 to create the Harvey Norman retail chain that carries his name, has died.

Toys

Funtastic in a trading halt with US launch report pending

Eli Greenblat Investors in toy wholesaler Funtastic are bracing for the worst after the company placed its shares in a trading halt on Thursday.

Retail

Coles chief John Durkan to take retail battle up to Woolworths

Coles supermarket

Eli Greenblat Incoming Coles boss John Durkan is signalling the prospect of a fresh price war.

Retail

Wesfarmers chief Richard Goyder gets behind new Coles boss John Durkan

Eli Greenblat Wesfarmers boss Richard Goyder has publicly backed the incoming boss of Coles, John Durkan, in the face of accusations from the competition watchdog of improper behaviour towards suppliers, making...

Retail

Noni B may go private as losses mount

Eli Greenblat The Kindl family which own more than one third of publicly listed women's clothing chain Noni B could be considering taking the struggling retailer private after it announced this morning a $5.

Retail

Wesfarmers eyes international expansion

Richard Goyder

Eli Greenblat Wesfarmers boss Richard Goyder said this morning the Perth-based conglomerate was continuing to invest in its newly created business development office in Hong Kong to help the company direct and lay...

Retail

New Coles chief John Durkan faces hostile first outing with suppliers

Eli Greenblat John Durkan will make one his first public appearances as incoming Coles chief in front of a potentially hostile crowd.

Wine

Barbarians gather at the gate as foreign investors eye Penfolds

Penfolds bottle

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...

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...

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...

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.