Formerly know as Saks on 5th St - 🎙️ Introducing "Down South Chronicles" 🌴 Are you in the entertainment industry, looking to make your mark or stay up-to-date with the latest trends? Look no further! Join us on "Down South Chronicles," the ultimate podcast for industry professionals, both up-and-coming and established. 🎧 Hosted by BossMade Mr.C and Yun Kuntry 🎤
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Bite-sized business news. 5 minute breakdown of the top 3 Australian or global business stories of the day. Tailor made for busy humans. Hosted by Brett Joffe and Justin Joffe, co-founders of Flux.
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Join WillowTree’s Billie Loewen for a deep dive into growth marketing. In each episode, Billie discusses the latest news and topics in lifecycle marketing, chatting with a wide array of guests, including WillowTree colleagues, client-partners, and industry thought leaders. Let's grow!
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$105 million capital raise for construction-tech | Sequioa buys its own stock | Budget mobile wins against telco giants
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A construction tech company in Australia called Hammertech has raised $105 million as it looks to expand into the US and Europe. One of the major investors in Stripe, Sequoia Capital, is offering to buy shares from its earliest investors at a $70 billion USD valuation. Budget mobile brands have seen double digit growth in subscribers after the late…
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Crown Resorts sells its Nobu shares | Shein cleans up ahead of IPO | BHP big nickel cuts
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Crown Resorts has sold its 20% stake in the Nobu restaurant chain and this sale values the chain at $1.3 billion. Shein is investing $270 million USD into fund to support sustainable fashion, as it looks to put its best foot forward ahead of a potential IPO in London. BHP has announced plans to let go thousands of employees after facing intense nic…
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The ACCC turns The Good Guys bad | Spotify takes on Meta | Samsung's new secret to longevity
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Aussie retailer, The Good Guys, has been alleged to have failed to provide store credits to thousands of eligible consumers…and now the ACCC wants to have their way with them! Spotify has launched a number of new features that steer it closer and closer to a full-blown social networking experience. Samsung has announced brand new tech devices at it…
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Telstra jacks up prices | Saks 5th Avenue x Amazon acquisition | Paramount's mega-merger
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Telstra will be jacking up the prices of its mobile phone plans by more than the inflation rate as part of its plans to grow faster. Saks Fifth Avenue's parent company has acquired luxury retail Neiman Marcus for $2.65 billion USD… and Amazon and Salesforce are taking a slice too. Paramount Global, one of Hollywood’s oldest studios and Skydance Med…
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New laws mean Netflix could get Grand Final rights | Airtasker's $5 million swapsies | Threads celebrates year one
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Amazon, Netflix and Kayo could now outbid free-to-air networks for Australia’s biggest sporting events after a new law was passed late last week. Airtasker has announced a $5 million deal with ARN Media, swapping equity for marketing support. Meta has announced its Threads app has hit 175 million monthly active users after celebrating its 1 year an…
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Booktopia's final chapter | Domino's cheesy challenge | Tesla shares up by 10%, but...
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Booktopia has gone into voluntary administration after it struggled to cope with its financial struggles. Domino’s Pizza is expecting its 2024 profit estimates to be seriously hut - thanks to the inflation of one of its most valuable ingredients - cheese. Tesla’s investors shot up its shares by 10% after its sales fell by less than expected last qu…
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TPG's content-play to take on Telstra | YouTube's worried about AI-generated content | Nike's fails to 'do it' for investors
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TPG is setting up a new battlefield against Telstra after partnership with Foxtel’s new streaming aggregation platform Hubbl. YouTube has rolled out a new policy that will allow people to request the takedown of AI-generated content that simulates their face or voice. Nike’s share price has dropped close to 20% after it announced that it expects qu…
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ANZ gets approval for Suncorp merger | Nine cuts 200 jobs | Fujifilm's retro reboot
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ANZ has been given the green light to take over Suncorp’s banking arm for $4.9 billion after nearly two years of battling and appealing - but now there’s a catch. Nine Entertainment, the owner of Channel 9 and major Australian newspapers will make up to 200 jobs redundant after struggling with weak advertising. Fujifilm is struggling to keep up wit…
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Qatar Airways' bid for Virgin | TikTok's new Instagram-competitor | New owners for Women's Basketball
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Qatar Airways is looking to acquire a 20% stake in Virgin Airlines, which acould really shake up the aviation industry. TikTok’s owner has quietly released a new social app called Whee as a competitor to Instagram where you can take photos with filters and messages. The chairwoman of Tesla and the owner of the NBL are the new majority owners of the…
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Cettire's share price plummets 50% | Myer's major expansion | Prezzee gifted a $79m loss
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Cettire, the luxury fashion retailer’s share price plummeted by 50% after it announced a 20% drop in its earnings forecast. Myer has announced new plans to acquire other retail brands like Just Jeans and Jay Jay’s from Premier Investments - and investors like what they hear. Prezee, the Australia gift card company, has reported a $79 million loss o…
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Penfold's new Chinese strategy | Revolut's pre-IPO raise | Kathmandu's freezing cold performance
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Penfolds is planning to re-enter the Chinese market with a bang after the monster tariffs have been removed from winemakers. Revolut, the UK-based neobank, is looking to sell $500 million of shares as it prepares for one of the biggest IPOs of the year. Kathmandu’s owner, KMD Brands, has seen half-year sales drop 8.4% and its winter sales are going…
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GYG's spicy entry onto the ASX | Netflix launches "Netflix Houses" | City Chic's 30% sales drop
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Guzman y Gomez publicly listed yesterday in the ASX’s biggest float in over three years. Netflix is ramping up its physical world presence with two new Netflix Houses that lets shoppers feel like they're inside the world of their favourite shows. City Chic has warned that it’s expecting to see its sales fall by 30% this year and is desperate for so…
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Telstra quits "carbon neutral" goal | Wrigley's new angle for chewing gum | Stake.com's major lure
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Telstra has scrapped its commitment to a carbon offset scheme created by the government as well as its plans to become “carbon neutral”. Mars Wrigley, the snack behemoth, is spending millions of dollars to try and restore its chewing gum brands to their former glory. Stake.com, the online casino, is desperate to lure in tech talent from Australia’s…
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AGL's $150 million tech investment | BeReal sold for €500M | Jake Paul big 'W'
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AGL Energy has invested $150 million into a new energy-tech platform to compete with Origin Energy. BeReal, the biggest social media app of 2022, has been sold for €500 million, after struggling to turn its initial hype into sustained growth. Jake Paul, the YouTube influencer and part-time boxer is launching a new personal skincare line for men. — …
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Chemist Warehouse’s merger faces mega-roadlock | Apple + ANZ's BNPL collab | Qantas acquires TripADeal
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Chemist Warehouse’s IPO listing has hit a roadblock after the ACCC has warned that its merger would “substantially lessen competition”. Apple is introducing buy now, pay later-style loans to Australian customers through a new partnership with ANZ. Qantas has wholly acquired online travel business TripADeal in a $211 million deal with the hopes to r…
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Apple unveils Siri-GPT | Toyota $15 billion crash to its reputation | Bapcor's takeover bid
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Apple has announced a partnership with ChatGPT’s creator to bring generative AI tools to iPhones - as part of their new age of AI… or ‘Apple Intelligence’. Toyota’s reputation just took a $15 billion USD hit after it was found to have falsified car safety tests. The company behind car parts retailers Autobarn and Burson have received a takeover bid…
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Virtual Gaming World's cash splash | Robinhood's crypto acquisition | Lululemon stretches its profit
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Virtual Gaming worlds, the Australian social gaming giant, has delivered a massive $360 million dividend to investors in its third payout for the financial year Robinhood, the stock trading app has announced a $200 million USD acquisition of cryptocurrency exchanges, Bitstamp Lululemon saw a big jump in its share price after it raised its profit fo…
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SPC cuts down peaches | Champion's $1.2 billion sale | Zoom dabbles with AI Clones
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SPC is cutting back its canned fruit production as cost-of-living sees consumers opting for cheaper options. The owner of Champion, the sportswear brand, will sell the Champion business for nearly $1.8 billion USD to narrow its focus on “innerwear”. Zoom wants to create a ‘digital twin’ to attend meetings for you so you can go to the beach instead …
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Financial Services Loyalty on a Global Scale feat. WillowTree's Kate Gallaher and Caitlin Watson
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In this episode of Room for Growth, Billie is joined by two WillowTree colleagues, Kate Gallaher (Partner & VP, Head of Financial Services) and Caitlin Watson (Partner, Marketing Services), as they delve into global loyalty in financial services. Focusing on credit card payment processors and retail banks, they explore the complexities of building …
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Life360 's double life | Instagram tests unskippable ads | Booktopia's in a world of pain
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Life360, the kids tracking software, has launched its Nasdaq IPO, which means it will now be dual-listed on the ASX and Nasdaq. Meta is testing a new feature on Instagram which will force users to watch ads on videos that you can’t scroll past - like YouTube. Booktopia is cutting 50 staff members and losing its short-lived CEO as the company strugg…
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Guzman's billion dollar listing | Take me home, Country Road | Salesforce's biggest drop in 20 years
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Guzman y Gomez, the Mexican fast food chain, has announced plans to list on the ASX in June at a multi-billion dollar valuation. The owner of Country Road Group has warned that it expects its earnings to be more than 20% lower in comparison to last year. Salesforce has seen its shares tumble more than 20% in its worst day of trading since 2004 afte…
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Catapult Sport's tracking upwards | 1 billion reasons Sony loves Queen | BHP gives up on its $72 billion bid
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Catapult Sport, the ASX-listed sports tech company, has hit $100 million USD in revenue for the first time after doubling down on growing its subscription services. Sony Music is in talks to buy Queen’s music catalogue for over $1 billion USD and this would be the largest music catalogue purchase of all time. BHP has abandoned its $74 billion takeo…
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Cettire’s controversy | Petstock's new competitor | TPG’s calls out tech giants
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Cettire, the Australian luxury goods marketplace, has seen its share price jump more than 10% after it denied allegations that it has fake products on its platform. PetStock, the pet food retailer backed by Woolworths has been forced to sell over 40 of its stores - and has created a new major competitor in the process. TPG has come out and said tha…
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News Corp's deal with the devil | Ticketmaster's monopoly battle | Dion Lee goes into administration
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NewsCorp has signed a deal with Open AI that will help train its ChatGPT’s engine on the back of major publications. The owner of Ticketmaster has been sued by the US Justice Department for creating a monopoly in the live events industry and “suffocating competition”. Dion Lee, the Australian luxury fashion brand, has gone into voluntary administra…
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Xero's revenue numbers add up | Webjet explores demerger | Nvidia's in an AI gold rush
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Xero, the accounting software platform, has seen its revenue spike more than 22% but AI is not going to revolutionise the business. Webjet, the online travel bookings company, has announced a record net profit after tax - and now it’s thinking about breaking up with itself. Nvidia’s released its first quarter results, with an astronomical jump in p…
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Telstra cuts 2,800 jobs | Star Entertainment's new sparkle | Microsoft's revolutionary PC
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Telstra will cut over 9% of its workforce, or 2.800 jobs, by the end of 2024 in order to stay competitive in the market. Casino giant, Star Entertainment has revealed that it’s received interest from potential buyers, but Hard Rock Cafe definitely isn’t one of them. Microsoft has released a new line of laptops, using AI chips to run the software.. …
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Pizza Hut gets flamed for $2.5 million | Sony's warning shot to the bots | Buffet's billion dollar bet
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Pizza Hut Australia has been fined $2.5 million for spamming customers with 10 million pizza-licious messages without their consent. Sony Music has sent a warning shot to AI companies, accusing them of stealing its artists’ content without permission. Warren Buffet’s Berkshire Hathaway has finally revealed the mystery business that he’s put $6.7 bi…
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Fonterra milks more cash | Netflix's "ad"-ventures | Converse's All Star dims
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The owner of Mainland Cheese and distributor of Bega Cheese is planning to sell the brands in Australia because it wants to get out of the consumer-facing market. Netflix has announced it is going to build its own advertising tech platform to compete against the big players like Google, Meta and Amazon. Nike is cutting jobs at its subsidiary compan…
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The 'cost-of-living' Budget | ChatGPT's gone chatty | Hey Dude duds Crocs sales
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The Albanese government dropped this year's federal budget with a $9 billion surplus, and this year, it’s all about cost–of-living. OpenAI has released the most advanced version yet of its chatbot, ChatGPT, that can see, hear and talk like a real person. Crocs’ has stomped on their quarterly growth expectations after selling 32 million ugly-shoes i…
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Realestate.com.au's rental revenue | Baby Bunting big blues | Airbnb's returning to its roots
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REA Group, the owner of Realestate.com.au, has seen a 24% jump in revenue for the first quarter, after a large rise in residential listings in Sydney and Melbourne. Baby Bunting, Australia’s largest baby retail chain, has seen its shares drop more than 22% after concerns around cost-of-living pressures for their customers. Airbnb’s shares dropped 8…
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Origin energised with $410M boost | TikTok's battle with the US | Disney's over-saturation problem
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Origin Energy has made hundreds of millions of dollars…on paper.. After its investment in a UK energy supplier has skyrocketed. TikTok has launched a new lawsuit to challenge the US government’s decision to ban TikTok in the US. Disney’s share price has dropped to its lowest in over a year despite delivering a profit in its core streaming business.…
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Building Customer Loyalty Throughout the Journey feat. Brightline Trains CTO Kevin McAuliffe
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On the heels of Adobe Summit, we’re joined by Brightline Chief Technology and Digital Innovation Officer Kevin McAuliffe as he and Billie dive deep into brand loyalty, building trust, technology innovation, and what it means to be a leader today. Brightline partnered with WillowTree to achieve its vision of fully modernizing train travel. Tapping i…
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Envato sold for $373M | Ozempic's bulging prices | Will Sony take over Paramount Global?
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Envato, the Australian tech company, has been sold for over $370 million, in one of the largest tech exits in Australian history. Novo Nordisk, the pharmaceutical company behind diabetes slash weight loss drug Ozempic, drops price amidst competition. Media giant Paramount Global is in talks with Sony over a potential buyout that could be worth $39 …
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NAB's billion dollar buyback | Afterpay's owner is under investigation | Is eBay fading into memory?
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NAB has reported a nearly 13% drop in earnings, but saves the day with a $1.5 billion share buyback. Block, the owner of Afterpay and Square, is under investigation by US Federal Prosecutors for potentially processing crypto transactions for terrorist groups. eBay has seen its second quarter revenue fall below expectations because people aren’t buy…
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Goodbye to Bonza airlines? | Amazon's secret ad jump | Shein Australia's billion dollar dominance
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Bonza, the regional budget airline, has gone into voluntary administration, after its aircrafts were repossessed. Amazon has smashed its revenue goals by 16% after it saw rapid growth in cloud and its ad market. The Australian arm of fast-fashion brand Shein has generated nearly $1 billion in sales and tripled its profits in 2023. — Build the finan…
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Optus & TPG's marriage of convenience | Alphabet hits $3 trillion USD after major announcement | Crown Resorts slashes 1,000 jobs
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TPG and Optus have signed a $1.6 billion deal to share mobile networks and expand their reach across regional Australia. Alphabet, the owner of Google, has announced its first ever dividend to investors after completely beating its forecasts. Crown Resorts will cut nearly 1,000 jobs after a major drop in tourist demand and gaming restrictions. — Bu…
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BHP's $60 billion bid | Meta shares down 15% | Google hides Australian revenue
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BHP has made a nearly $60 billion bid to acquire a British mining company - to double down on copper and its copper mines. Shares in Meta fell more than 15% after it warned of increased costs related to its big fat AI investment. Google has chosen to not reveal the gross amount it makes from Australia for the first time in seven years. — Build the …
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Inflation remains sticky | Beckham vs Wahlberg in $10m battle | TikTok gets closer to US ban
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The Reserve Bank of Australia (RBA) has announced inflation of 3.6% which is higher than expected.. And it means a rate cut in 2024 is looking less and less likely David Beckham is suing Mark Wahlberg for more than $10 million USD after he was allegedly underpaid for an endorsement deal with fitness franchise F45 The US Congress has passed a bill t…
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ABC's generational problem | Amazon's 007 plot | Free-to-air TV vs the TikTok generation
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ABC Radio has seen its audience share plummet to the lowest point ever as it struggles to sustain its hero products. Amazon has been selling goods on its competitors e-commerce platforms for years under the alias “Big River Services” to gather intel on its biggest rivals. Free to air TV networks, like Seven and Nine, are worried for their futures a…
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RM Williams has a new customer in mind | LinkedIn's new subscription | Netflix’s best result in years
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RM Williams has invested $8 million to expand its focus on a growing women’s category. LinkedIn is testing a new premium subscription for Company Pages to help raise company profiles on the platform. Netflix’s revenue has jumped 15% in the first quarter this year but warned the days of sharing subscriber numbers is all over red rover — Build the fi…
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Bonza hits major turbulence | LVMH sales slows down | Crocs and Pringles collab
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Bonza, Australia’s fourth largest airline, has hit major turbulence after some major instability from its private equity owner LVMH saw its sales growth slow down to just 2% as its consumers pull back from Louis Vuitton bags and Hennessy cognac. Crocs and Pringles are collaborating on new clogs with an accessory you didn’t know you needed…an ankle …
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News Corp Australia's mega re-structure | Apple loses its smartphone dominance | Tesla to cut 14,000 jobs
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News Corp Australia is making its biggest company restructure in decades after Meta decided not to renew its News Bargaining deal with Australian publishers. Apple has lost its spot as the top phone maker in the world - in the most recent quarter. Tesla is axing more than 14,000 jobs as demand for electric vehicles slows down. — Build the financial…
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BlueBet and Betr merger | Cettire struggling to woo investors | NextDC's running hot on AI
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Two of Australia’s up and coming betting companies, BlueBet and Betr, will merge to compete with the big players in the betting space. Luxury fashion retailer Cettire has struggled to woo investors despite an 88% increase in quarterly sales compared to the previous year. NextDC, Australia’s largest listed developer and operator of data centres, is …
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Ola shuts down immediately in Aus | Tesla's building robotaxis | KPMG’s $38 million exam fine
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Ola has announced it will officially shut down its ride sharing services in Australia after 6 years as well as other international markets Tesla has reportedly scrapped its plan to build a lower-cost electric vehicle and is focusing on Robotaxis KPMG Netherlands has been hit with a $38 million fine for widespread exam cheating from 2016-2020 — Buil…
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Qantas' biggest Rewards overhaul in 35 years | Woolworths' global collaboration | Uber Eats copies TikTok
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Qantas has announced a major upgrade to its Frequent Flyer rewards points program which will cost it over $120 million. Woolworths is partnering with the UK’s Tesco supermarket chain, and other big supermarket chains around the world, on a new $190m investment fund. Uber Eats is launching TikTok style videos on its app to improve discovery of eater…
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$1.2B: Sydney Airport doubles earnings | Canva makes more millionaires | Alphabet eyes Hubspot
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Sydney Airport’s earnings have more than doubled, as Australia’s biggest airport makes the most of our return to flying - in Australia and globally. Canva has finalised a share sale worth $3.6 billion, making some of its staff overnight millionaires. Google’s parent company Alphabet is reportedly looking to acquire CRM and marketing software platfo…
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Sportsbet's 27% drop | Spotify to raise prices in Aus | Tesla's new $3b car plant in India
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The owner of Sportsbet, which is Australia’s biggest sports betting company, has said the company experienced a big 27% decrease in earnings for the last financial year. Spotify is planning to raise its prices AGAIN in key markets, including Australia - and it’s mostly thanks to... audiobooks. Tesla is location scouting for a new car plant in India…
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Thanks China: Treasury Wines to increase prices | Google to destroy incognito data | Adam Neumann to own WeWork..again?
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ASX-listed wine maker, Treasury Wines, is likely to increase prices on Penfolds wines, as China finally loosens tariffs on Aussie wine. Google is planning to destroy users’ ‘incognito mode’ browsing data as part of a lawsuit settlement. WeWork’s founder, Adam Neumann, and several partners are looking to buy WeWork out of bankruptcy for more than $7…
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Mike Smiff talk the industry and his journey
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🎙️ Special Guest: Mike Smiff 🌟 In our highly-anticipated first episode, we have the privilege of welcoming Mike Smiff, a rising star hailing from the sunny streets of Miami, Florida. Join us as we delve into Mike's journey, his experiences in the industry, and his thoughts on the thriving entertainment scene in the South. Support the show…
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Armaguard's financial lifeline | Peter Alexander and Smiggle to separate | Spotify tests e-learning
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Australia’s big banks and some of the Australia’s biggest retailers have given a financial lifeline to Armaguard to keep the cash transport company alive. The owner of Peter Alexander and Smiggle, Premier Investments, is looking to separate the two retailers from the parent company so they can trade as individual entities. Spotify is testing online…
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