Dunne to leave REDgroup
Acting CEO of REDgroup Retail Australia Gary Dunne will finish in his position with the company at the end of next month. Dunne has been appointed as the new general...
PEP-nominated REDgroup directors step down ahead of possible DOCA or sale
REDgroup Retail owners Pacific Equity Partners (PEP) has confirmed that its nominees to the board of directors at REDgroup have resigned 'with effect from 31 March 2011'. The statement follows...
Things we keep repeating
UPDATE For the most detailed reports on the REDgroup administration process over the past few months see the Bookseller+Publisher website. As the news of REDgroup retail...
REDgroup reports it is likely to breach banking covenants
REDgroup retail, owners of Borders, Angus & Robertson and Whitcoulls, has reported that it is ‘likely to breach two out of three of its banking covenants when they are tested...
NZ court clears Warehouse takeover bid
By overturning an earlier ruling from the country's Competition Commission, New Zealand's High Court has opened the way for a takeover of discount retailer The Warehouse. The most likely bidder...
PEP launches bid for Borders
Pacific Equity Partners, the private equity owners of Angus & Robertson in Australia and Whitcoull's in New Zealand, has lodged an ‘indicative bid' for the 24 Borders stores in both countries,...
APA ‘outraged’ by A&R publisher contributions; criticism grows from trade and public
The Australian Publishers Association (APA) has taken the unprecedented step of publicly criticising a book retailer, with the association releasing a statement today (Friday) stating that its members are ‘outraged...
PEP taking a ‘close look’ at Borders
Private equity company Pacific Equity Partners (PEP), the owner of Angus & Roberston in Australia and Whitcoulls in New Zealand, is reportedly ‘closely looking at a deal' to buy the...
Coles rejects Wesfarmers/PEP bid; KKR back in the running
The ongoing saga of who will own the Coles Group has taken another two turns in recent days.First, the board of Coles rejected the $20 million bid by Wesfarmers and...
ARW’s owner in bid for Coles
In what would be the biggest corporate takeover in Australian history, Wesfarmers (which owns the Bunnings DIY chain) and Pacific Equity Partners (PEP, owner of Angus & Robertson Whitcoulls) have...