Eli Greenblat

Eli Greenblat

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

Retail

Zara's sales slow and costs rise along with Australian expansion

Eli Greenblat Australia's love affair with Spanish fast-fashion chain Zara appears to be moderating, with the retailer's latest financial results show slowing sales momentum and rising costs.

Revealed: Lew's trail to DJs

Eli Greenblat It might have been the release of David Jones' best same-store quarterly sales growth in four years that triggered billionaire Solomon Lew's decision to begin scooping up shares in the upmarket...

Takeovers

Revealed: Solomon Lew's paper trail to David Jones

solomon lew

Eli Greenblat It might have been the release of David Jones' best same-store quarterly sales growth in four years that triggered billionaire Solomon Lew's decision to begin scooping up shares in the upmarket...

Wine

Rosemount Estate launches double play

Rosemount.

Eli Greenblat Global marketing director for Rosemount Estate is keen for the wine brand to climb up the price curve in keeping with the market shifting towards 'premium' products.

Acquisitions

Solomon Lew allies urge reworking of DJs takeovers

David Jones

Eli Greenblat Retail billionaire Solomon Lew continued his stalking of takeover prey David Jones as more than 6 million shares in the upmarket department store changed hands on Monday and Mr Lew's provocative...

Toys

Funtastic slashes profit outlook as chief executive Stewart Downs departs

The Chill Factor toy made by Funtastic

Eli Greenblat Toy wholesaler Funtastic has once again slapped its investors with a profit downgrade, which this time has seen its chief executive resign.

Retail

Deutsche Bank builds holding in David Jones

David Jones store logo.

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.