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Aussies are Jewish, according to this year's BRW Rich 200 list, which was released last week. Anthony Pratt was named the richest man in Australia and the second richest person in the country, behind mining magnate Gina Rinehart, worth $7.64 billion.
Australia (JTA) Kiosks selling Dead Sea beauty products were removed from all Westfield malls in New Zealand in the wake of a TV investigation exposing its sales practices on elderly and vulnerable shoppers. Kiosks in several malls in New Zealand
But some investors fear that because the Lowy's family stake in Scentre is less than five per cent, stock market rules would allow them to sell out of the company without anyone knowing. The Lowys sold their entire seven per cent stake in WRT for $
Scentre Group was formed by merging Westfield Group's Australasian businesses with Westfield Retail Trust, while Westfield Corporation will run the firm's malls in the US, the UK and in Europe. The restructure will see the Lowy family exit the
Steven will remain a director of Scentre, while the senior Lowy, Frank, will be the chairman of both companies. World Cup. ''It's a bitter-sweet day, we are incredibly excited to extract a plan that will see the creation of two great companies,''
His comments contrast with media reports suggesting a handful of institutional investors had switched their vote, making it likely the restructure will get up. The proposed restructure would see Westfield Group's Australian assets merged with WRT, a
So the question is whether the WRT board will choose a test question that signals insurrection is afoot, or, build bridges with its Westfield Group overlords. Perhaps a vote on the Socceroos chances in their third World Cup match against Spain the
Despite the company's parlous state, its shareholders appear certain to vote against Seven Group, presumably hoping that the administrator would deliver a better outcome. Given Seven is already a secured lender, it would move to take control of the
WRT has engaged Global Proxy Solicitation to call investors to gauge their voting preferences. Speaking on Channel Nine's Financial Review Sunday , Mr Warburton said WRT's board was ''completely straitjacketed, whereas UniSuper and any others had a
His feelings have been echoed by Australian Unisuper, which holds 8 per cent of the register. In the second supplementary documents, WRT chairman Dick Warburton says if Westfield Group implements the separation of its businesses without WRT, the WRT