OZ Dollar Falls Below $0.60 Westpac Claims ‘Technical Recession’ Consumers Still Spending
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March 18, 2020
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The Australian dollar has fallen below $0.60 due to the Coronavirus and the slump in share values in Australia, and while goods... Read More
Jabra Marketing Director Out
Sid Rashid the Marketing Manager at Jabra has suddenly left the Company after just 18 months in the job. He joins a... Read More
Workers Fear Coronavirus After Vodafone Head Office Evacuated
Australians are becoming concerned about Coronavirus as several big Companies let their staff work from home. New gloBAL research reveals that more... Read More
AAP Newswire Service Closes After 85 Years
After 85 years of operation, news agency Australian Associated Press, whose 180 journalists provide a significant amount of the nation’s daily news... Read More
Leading IT Consultancy Expands To Australia
This week will see one of UK’s leading IT consultancies, Waterstons, launch two new Australian offices in a move to gain market... Read More
B&W Failed To Tell Local Management Of CEO Restructure
Senior management at Bowers & Wilkins Australia were not told that global directors had quit the UK Company or that a turnaround... Read More
BREAKING NEWS: Major Shake Up At Bowers & Wilkins As CEO Exits
A major shakeup has rocked high end Hi Fi Company Bowers & Wilkins with two senior executives exiting the Company. Gideon Yu,... Read More
EXCLUSIVE: Panasonic Axes State Managers After TV Exit
Panasonic Australia has moved to retrench State Managers after earlier this month announcing the Japanese Companies exit from the TV and home... Read More
New LG Electronics MD Named
As exclusively reported by ChannelNews back in December 2019, LG Australia who recently lost their GM of Marketing and their Home Entertainment... Read More
Coronavirus Set To Cost Qantas $150 Million
Iconic Australian airline Qantas has announced it will slash flights across Asia as the coronavirus outbreak continues to damage airlines globally. The... Read More
Coronavirus & Airline Revenue: Almost $5 Billion Lost In First Quarter
The coronavirus outbreak has wreaked havoc on the global tech industry with high-profile events being cancelled and wide scale disruption to supply... Read More
LG Announces New Marketing Director
Gemma Lemieux is the new Marketing Director, at LG Australia. A former Marketing Director at Panasonic Australia and at Samsung, Lemieux is... Read More
Is Gerry Harvey Set To Start Making Prison Visits?
Serious questions are being asked about Gerry Harvey and his dodgy mates in particular his relationship with a former major supplier to... Read More
BREAKING NEWS: Another GM Quits LG
Damien Krotofil the General Manager of Home Entertainment at LG Australia has quit after one year and six months, today is his... Read More
Foxtel Enters ‘Next Stage Of Transformation’ With Senior Appointments
Foxtel has announced today that two of its senior executives, Les Wigan and Lesley Portwain, will move into newly created roles reporting... Read More
BREAKING NEWS: Sudden Exit Of GM At Harvey Norman Owned Domayne
The Executive General Manager of the Harvey Norman owned Domayne has suddenly exited the Company and management are not explaining why. Paul... Read More
Telstra Slashes 280 Jobs, Customer Personal Data At Risk
Telstra has announced its cutting an additional 280 jobs, on top of the thousands it has already axed. The union representing telecommunications... Read More
Sennheiser Appoints New CEO Of Georg Nuemann GmbH
Ralf Oehl has been appointed as CEO of studio specialist Georg Neumann GmbH, manufacturer of professional grade microphones. In his new position,... Read More
New CEO & President Of Harman ‘Unanimously Elected’
Harman has announced Dinesh Paliwal will be stepping down after close to 13 years at the helm of the technology company, with... Read More
Flogged Greenlit Attempts Come Back With $1 Billion Offer
Greenlit Brands, who reported a near half million annual loss yesterday, is understood to be in the works for a public offering... Read More
Greenlit Brands, Under Steinhoff International, Reports Near $300 Million Loss
Furniture and bedding giant Greenlit Brands, operating under parent company Steinhoff International, has reported a loss of $288 million after a significant... Read More
JB Hi-Fi Buys $44m Warehouse In Melbourne
Stockland, a diversified property group, has expanded its industrial property footprint after JB Hi-Fi signed a new $44m warehouse lease in Melbourne’s... Read More
Kaufland Staff Break Silence On Company’s Shock Exit
Employees of the German retailing giant Kaufland have broken their silence on its shock announcement to exit the Australian market, leaving hundreds... Read More
‘Awesome Responsibility’: New Harman Division President
Brian Divine has been appointed President of the Professional Solutions division at Harman Professional, responsible for overseeing the division’s worldwide operations across... Read More
Another Retail Victim: Jeanswest To Shut Shops, Shed Jobs
National fashion retailer chain Jeanswest will shut almost 40 stores across the country, increasing the retail store closure figures to over 200... Read More
Aussie Broadband Means Aussie Call Centre
Aussie Broadband is staying true to its name with the grand opening of a brand new Aussie call centre on the outskirts... Read More
200 Australian Jobs Slashed As Supermarket Woes Continue
German supermarket company, Kaufland, has sensationally exited the Australian market before it opened a single store – instead, opting for better investment... Read More
Big W Closures: 30 Stores Across Oz Set To Shut
Department chain Big W has become the latest victim of Australia’s slowing retail sector, as it prepares to close 30 stores across... Read More
New Miele ANZ Managing Director
Miele Australia and New Zealand have named a new managing director in former Canadian division president Yves Dalcourt who will be bringing... Read More
More Jobs Go At Nokia
Finnish telecoms equipment maker Nokia plans to cut around 180 jobs in Finland this year, while also planning to invest more in... Read More
Samsung Appoints New Mobile Chief In Management Shakeup
Samsung has appointed President Roh Tae-moon as its new mobile chief as the electronics company aims to shake up its management in... Read More
Harris Scarfe Takeover Eyed By Former Owner
Yet another bidder are reportedly eyeing the rescue of failed department store, Harris Scarfe. The former owners, Momentum private equity, has become... Read More
Foxconn & Fiat Chrysler Unite For E-Vehicles
As the auto-maker industry lags in battery-powered cars, electronic companies seek to broaden business. That’s why contract-electronics giant Foxconn Technology Group and... Read More
Samsung Heads In New Marketing Direction
Samsung has radically changed their marketing direction by introducing a consolidated marketing approach via Clemenger Group agencies. The account will be handled... Read More
Harris Scarfe Bidding War: Private Equity Firm Takes Aim
The bidding war to acquire Harris Scarfe is heating up, with Australian equity firm Alceon believed to be one of four parties... Read More
Myer Slashes More Jobs, Impact Of IT Failure Not Known
Myer has slashed over 100 jobs with their latest round of cuts seeing 35 executives given a pink slip. The move comes... Read More
David Jones Puts On A New Pair Of CEO Jeans
David Jones has a new CEO in former Levi Strauss executive Roy Bagattini, following the departure of Ian Moir in 2019 after... Read More
New Professional Oz Distributor For Harman
Harman has appointed MadisonAV as its new professional audio distributor for its AMX and Install solutions in Australia. Coming with 28 years... Read More
BREAKING NEWS: Target Parts Company With CE Merchandising Manager
Roger Drinkwater has parted Company with Target. Drinkwater has had a chequered career having worked for Target as a Merchandising Manager based... Read More
CES 2020: Ivanka Trump Selection Slammed
CES 2020 organisers have been accused of ‘insulting’ the world’s biggest tech show by appointing Ivanka Trump as a keynote speaker, after... Read More
Amazon In Hot Water After Climate Change Allegations
Global business giant, Amazon, has come under fire over climate change gagging allegations. The company is accused of allegedly threatening to fire... Read More
Holiday Period Boosts Employment
Unemployment rates in Australia have dropped as the Christmas holiday period adds 40,000 jobs to the market. Data revealed by the Australian... Read More
Retail Boss Predicts Slow Christmas
The Executive Director of the Australian Retailers Association, Russell Zimmerman, has revealed that research forecasts for post-Christmas retail trade is anticipated to... Read More
Harris Scarf: Deloitte Trying To Flog A “Pig With Lipstick”
Deloitte, the appointed receiver to failed retailer Harris Scarf are now trying to “flog a pig with lipstick” under the guise of... Read More
Harris Scarfe Suppliers Set To Be Hit For Millions After Deal Cut On Secured Debt
Appliance distributors are set to be hit for millions of dollars following the collapse of Harris Scarfe and the confirmation that that... Read More
New Boss at Fisher & Paykel
CEO at Fisher & Paykel Appliances Stuart Broadhurst has stepped down after ten years at the helm, with the company’s chief commercial... Read More
LG OZ Confirms MD Exit
Hours after ChannelNews revealed another shakeup at LG Electronics the Company has issued a statement confirming the appointment of a new Managing... Read More
BREAKING NEWS: LG OZ MD Replaced
The Managing Director of LG Australia has exited the Company. He is set to be replaced by Dan Lim a senior LG... Read More
IKEA Join Zigbee IoT Alliance
IKEA has added its name to the Zigbee Alliance, allowing the Swedish homewares company to sell devices on a common platform and... Read More
Jobs On The Chopping Block In Foxtel Restructure
Thirty jobs across promotions, production and commercial at Foxtel are reportedly hitting the chopping block as the pay-TV provider moves to consolidate... Read More
