The great global short squeeze has reached Australia
The sense of FOMO is palpable. So-called penny stocks in the US are trading in the 98th percentile since 1990. Stocks with an enterprise value to sales ratio higher than 10 – that's sales, not profit – are in the 96th percentile. Unprofitable stocks are in the 85th percentile.
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Perth Now
2 hours ago
- Perth Now
Collapsed Aussie brand suddenly re-emerges
Australian swimwear and apparel brand Tigerlily is set to make its return to Australian shops this Friday, just in time to celebrate its 25th anniversary. After a bumpy two-year period, the brand 'all about beach lifestyle' will officially reopen down under. Customers will be able to purchase Tigerlily's signature bikinis, swimwear, and accessories online and through select retail partners, including department store giant Myer. Tigerlily general manager Prue Slocombe exclusively told NewWire the brand is looking to bring back its 'personality' back as it returns. Tigerlily x MadCo 'What we are looking to do with Tigerlily is take it back to that really vibrant, fun personality that it had 10-15 years ago when it was in its prime,' she said. Ms Slocombe said success for the brand will be built on having a customer first approach and staying authentic to customers. 'From there we would really love to see some aggressive growth. There is absolutely appetite for a considered retail approach. Iconic Australian retailer Tigerlily will make its return under Seafolly group. Picture Supplied Credit: Supplied Iconic Australian retailer Tigerlily will make its return under Seafolly group. Picture Supplied Credit: Supplied As part of its anniversary celebrations, the brand will be relaunching some of their best-selling heritage prints. 'When we looked through the archives, it was like kids in a candy store looking at all the prints, so we will be tapping into that,' she said. Tigerlily believes the key to a successful relaunch will be offering its unique design and quality garments at the right price, as Australians continue to battle through cost of living pressures. 'Quality is king,' Ms Slocombe told NewsWire. 'You could see a bikini on the beach and you knew it was Tigerlily and not every brand has that. 'All our garments have beautifully finished details, metal badging, metal trims, gorgeous hardware, blanket stitching, patchwork prints, that's what we are known for and the learnings from the past are we need to retain those parts of the brand.' Tigerlily was founded in 2000 by model, fashion designer and television personality Jodhi Meares. Tigerlily's relaunch comes 25 years after it was first created. Picture Supplied. Credit: Supplied Ms Slocombe said the business coming back 25 years after the brand Ms Meares built couldn't be better timing. 'We very luckily came back at the ... 25th anniversary, so having that nice milestone feels like a nice time to relaunch,' she said. 'Also boho is trending right now, so combined it feels like the stars have aligned for us.' Ms Slocombe said the Australian fashion industry as a whole is on the rebound following a leaner time during Covid. 'There is something nice about being able to celebrate the heritage brands of Australian fashion and they are still in demand,' she said. 'It shows if you're a strong brand that stays true to its customers and knows its space then brands can really stand the test of time. Iconic Australian retailer Tigerlily will make its return under Seafolly group. Credit: Supplied The relaunch follows a turbulent few years for the fashion brand. First launched in 2000 on the shores of Bondi Beach the brand quickly grew before being bought by fellow Australian fashion label Billabong in 2017. Ten years later Tigerlily changed hands again when Crescent Capital Partners bought it out for $60m. Tigerlily faced significant hurdles, ultimately collapsing in March 2020 as the Covid-19 pandemic severely impacted the global retail and fashion sectors. In 2021, the business moved to eco-friendly fabrics including organic materials and natural fibres. While the brand briefly restructured post-Covid, it again fell into financial difficulties and ultimately stopped trading in early 2024. Prior to collapsing, Tigerlily operated 10 stores and had 40 wholesale partners in Australia and the US as well as an online presence.
Canberra Times
3 hours ago
- Canberra Times
The ACT govt has delivered deficit after deficit
By the 2020-21 budget, prepared several months after the arrival of COVID, Barr had learned that balancing the budget in the medium term, something he had promised in each of his past eight budgets, was too hard for him.
AU Financial Review
3 hours ago
- AU Financial Review
The army captain now helping corporates fight the mental health crisis
Sonder founder and chief executive Craig Cowdrey says the COVID-19 pandemic almost sent the wellness app broke before it forced the start-up to change course. Today it is a major player in the employee assistance market. The health, safety and wellbeing platform has cracked more than 1.1 million members – a remarkable 16 per cent of the Australian workforce – and provides support to employees at companies as diverse as McDonald's, Woolworths, Volvo, David Jones, Mirvac, Hoyts, IAG, Guzman y Gomez and Nine Entertainment (publisher of The Australian Financial Review).
