Silver lining: Sunset Lover founders raise $1 million to save 73-year-old Adelaide knitting mill
The capital raise marks a potential comeback for the knitting mill, with Dean and Melanie Flintoft, who founded the sustainable brand Sunset Lover in 2021, securing the assets of Silver Fleece from liquidators on August 9.
Smart50 alumni Cashrewards acquires Little Birdie
Cashback platform Cashrewards says it has taken a significant step towards becoming the country's "ultimate shopping companion" after acquiring shopping deals platform Little Birdie.
Canva snaps up Leonardo.AI in blockbuster acquisition
Canva has revealed plans to acquire hotshot Australian AI startup, Leonardo.Ai in a bid to strengthen its suite of visual AI tools.
Better Beer “cracking on” with business despite Mighty Craft collapse
Australian brewing sensation Better Beer says business will continue as usual, after a collapsed proposal to merge with Mighty Craft fuelled the latter venture's decision to enter voluntary administration.
The 10 things new owners are looking for when buying a business
'Boring' businesses are facing something of a rebrand, as investors seek out low-key ventures, dependable profits, and sound management.
Boring is better: New venture promises to acquire Australian businesses without a succession plan
Australia's small and medium business sector is poised for a major generational shift, as senior custodians prepare for retirement and consider their succession options. Yet entrepreneurship remains a hard sell for many younger Australians, causing many family-run businesses to question if they will stay family-run.
Women’s business communities combine as Beam in Business acquires Freelancing Gems
Four years since launching the dedicated women’s job site, Fleur Madden and Kirsty Jackson have sold Freelancing Gems to Beam in Business, another female-led and owned women’s business community.
Chemist Warehouse and Sigma deal shows why pharmacies need their own ‘Uber’ moment
If you don’t see that many Chemist Warehouse stores as you walk around each day, and you see even fewer Sigma, that could be because of the different storefront names they use, such as MyChemist, Amcal, Discount Drug Store and PharmaSave.
Recipe for success? HungryHungry and MOBI merge in a bid to serve global markets
Hospitality tech platforms HungryHungry and MOBI have announced a merger ahead of an expansion into new markets, with a focus on the US.
NetComm Wireless saved from administration with $10.6 million buyout
A Texan broadband access company has rescued Australian telco equipment provider NetComm Wireless from administration, pledging US$7 million (AU$10.5 million) to obtain the 40-year-old venture.
Bootstrapped Aussie scale-up Envato sells to Shutterstock in $372 million deal
Melbourne-born graphic design marketplace Envato will be acquired by Shutterstock in a deal worth $372 million, marking one of the most significant exits for a local scale-up to date.
Rod Sims: New reforms will add commercial common sense into merger laws
The merger reforms reflect a healthy approach to increased competition in our economy which will benefit consumers, most businesses, and the wider economy, writes Rod Sims.
