The deal, struck within ten weeks of Tigerlily entering administration, is expected to see Seafolly relaunch the brand early next year.
Finance and markets
Perpetual's management team were interrogated by analysts today over their $2.2 billion deal with private equity firm KKR.
Dual listings have helped the local exchange smooth out a tough few years for initial public offerings amid rising competition from private equity and rival exchanges.
What if the $1 billion PsiQuantum deal had less to do with supporting innovation and more to do with national security?
The government's pre-budget merger and foreign investment updates weren't necessarily designed to work together, but lawyers say they could help speed up deal approvals.
Many are undoubtedly doing it tough in the face of cost-of-living pressures, but ANZ CEO Shayne Elliott says it's less likely to be those with mortgages than others who can't access finance from banks.
In a rare appearance, Cetitre’s ultra-elusive founder Dean Mintz has laid out his plan to work with brands – not against them – as the business matures.
The Afterpay parent company is reeling from a wave of fresh accusations from a whistleblower in the US, but former employees say its compliance problems are long running.
As the big four retreat from lending, GCI co-founder Gavin Solsky explains how money can be made by lending in places where banks won't go and when equity is too expensive.
Australia's banks are solid, with the economy resilient, bad debts under control and margin pressure easing. But investors are increasingly asking how these unexciting fundamentals support over-valued shares.
Macquarie isn't backing away from its expansive bet on financing the energy transition despite a big profit hit and signs that investors may be losing patience.