Journalists Simone Grogan and Liv Declerck discuss an emerging distillery in Margaret River. Plus: Perth house prices, 7-Eleven deal and social housing.
Perth advisory firm Azure Capital has been mandated to find a new owner for national convenience store chain 7-Eleven, which is chaired by Perth-based Michael Smith.
Metcash has announced a $237.4 million write-down against its major food division just days after revealing 7-Eleven would not be renewing its $800 million supply contract.
Metcash shares have dropped more than 10 per cent to a four-month low after 7-Eleven chose not to renew its contract with the wholesale food and beverage supplier when it expires in August.
Woolworths underpaid its employees by as much as $300 million over almost a decade, only discovering it had been keeping the cash when shocked store managers complained they were earning less than their staff.
SPECIAL REPORT: The number of women serving on company boards is slowly one the rise, but it's still rare to see a female take the chair, judging by Business News's analysis of Western Australian company directors.
Internet provider TPG Telecom has forecast a strong end to the financial year after its interim net profit nearly doubled, thanks to its $1.56 billion takeover of Perth-grown rival iiNet.
Former Skilled Group boss Angus McKay has been named chief executive of convenience store chain 7-Eleven, replacing Warren Wilmot who resigned from the role last September after revelations of franchise staff being underpaid.
Former iiNet boss Michael Smith has replaced Russell Withers as chairman of convenience store chain 7-Eleven, while chief executive Warren Wilmot has resigned following revelations the company's franchisees had been underpaying their workers.
7-Eleven founder and chairman Russ Withers says allegations of staff underpayment by franchisees have challenged all levels of the company, and substantial changes will be made to its business model.
Former head of the Australian Competition and Consumer Commission Allan Fels will lead an independent panel to receive and review claims involving underpaid staff by franchisees of 7-Eleven.
The Coffee Club will open in Fremantle, motorcyle retailer Monza Imports in Bibra Lake, and Rockingham-based building products firm EnduraClad will move to Henderson, under three separate leasing d
Perth's first 7-Eleven convenience store is set to be located in the inner city, with a development application lodged for fit-out and signage at the McNess Royal Arcade in the Hay Street Mall.
