Executive shake up at Treasury Wine Estates
Treasury Wine Estates has appointed Stuart Boxer to a newly created role as chief of strategy and corporate development to drive its new direction for the group. The company, which is considering splitting its Penfolds luxury brand from its commercial ranges, recently parted ways with its COO, Robert Foyle.
DXN raises new equity
Modular data centre manufacturer and exporter DXN has raised $5.92 million in a non-renounceable pro-rata entitlement issue. Shareholders subscribed $2.4 million,with the remaining shares taken up by underwriter Lazarus Corporate Finance. The company recently reported strong growth with the quarter ended in March netting cash receipts from customers of $2.1 million, up 218 per cent on the previous corresponding period.
AuMake reopens physical stores
Retailer AuMake International has begun progressively re-opening its physical stores which focus on Asian customers shopping in Australia and the daigou network which buys products that are difficult to find or are unavailable in China. While the company remains focused on providing a premier, native-language shopping experience to Chinese visitors, it has booked significant online sales during the Covid-19 pandemic. AuMake’s Australian shops which sell health supplements, skincare and cosmetic products, were closed on 30 March.
Picture: DXN/Sydney data centre
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