The big sell: more local consumer brands are likely to be sold as their multinational owners try to improve margins

Article Abstract:

Multinational firms with local activities in Australia are set to come under growing pressure in 2001 from foreign stock markets to boost sales and improve margins. It is anticipated that multinationals will focus on eliminating non-core brands and improving economy of scale.

International business enterprises, Multinational corporations

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Ezy Banking not so easy on the budget

Article Abstract:

Ezy Banking, a joint venture between Woolworths and Commonwealth Bank, has attracted 150,000 customers, but the price paid for success by each partner is A$5 million and losses in the bank's first year will reach A$8 million.

Banking industry, Finance, Joint ventures, Information services, Commonwealth Bank of Australia, Ezy Banking, Woolworth Australia

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War in the aisles

Article Abstract:

Up to 100 Aldi discount stores are expected to be opened during 2001 in Australia marking a direct challenge to the country's existing cut-price stores, Woolworths, Coles and Safeway.

Planning, Retail industry, Retail trade, Discount stores, ALDI Inc.

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