Retail

Hong Kong-based private equity firm JY Group has paid $670 million to acquire a 50 per cent stake in the Westfield Marion, Adelaide's largest shopping centre, from Singapore-based Cuscaden Peak Investments.

Real estate investment trust GPT Group has dropped $1.19 billion to acquire interests in Queensland’s Sunshine Plaza and Campbelltown’s Macarthur Square shopping centre.

A Mitre 10 franchisee’s case alleging Bunnings engaged in anti-competitive conduct by launching a $36 million store in regional Queensland will have significance for other independent hardware retailers that have closed down, a court has heard.

More parties have joined the land acquisition compensation dispute between Victoria and the joint venture owners of Pakenham Place Shopping Centre, a court heard Thursday.

JB Hi-Fi will refund customers over $250,000 after the consumer watchdog raised concerns the electronics retailer's 'was/now' pricing campaign was misleading. 

After it was found to have engaged in misleading conduct over its 'Down Down' discount campaign, Coles may face a single hearing on the punishment to be meted out to it in the ACCC's case and a companion class action.

An underpayments class action against Kmart on behalf of salaried managers will go back to the drawing board after a judge said the statement of claim was “bereft of detail”.

ASIC is continuing its crackdown on tardy financial reports, slapping the companies that operate Zara, H&M and Sephora with a combined $596,000 in infringement notices for not filing their reports on time.

The ACCC has signed off on Ampol’s $1.1 billion acquisition of fuel and convenience retailer EG Australia after it agreed to sell off some of its fuel sites, the first deal cleared under a complex phase two review.

Mastercard argued Wednesday it relied on legal advice in drafting alleged anti-competitive deals with major retailers, as the judge questioned the reliability of some witnesses for the payments giant, who recalled "virtually nothing".