Australian retail billionaire Gerry Harvey says the Australian retail sector shouldn’t worry about Amazon just yet because it will take much longer to establish itself locally than what some believe. In March, a former Amazon retail executive said the internet giant would be fully operational in Australia by the end […]
Two Harvey Norman executives just sold $2.56 million in shares between them. Managing director Katie Page sold shares worth $1.06 million on Friday. Page is the wife of founder Gerry Harvey. Executive director David Ackery sold shares worth $1.5 million on Monday. That saw Harvey Norman shares fall more than […]
The auditors of beleaguered toy maker Funtastic have warned there is “significant doubt” that the company can continue as a going concern after it slumped to a bigger-than-expected annual loss. Funtastic, which counts Harvey Norman executive chairman Gerry Harvey as one of its major shareholders, narrowed its net loss to […]
Harvey Norman owner Gerry Harvey says Australian democracy “is not working” and the only solution to the current political stalemate “is to have a dictator like in China”. The outspoken billionaire retailer, who has previously railed against shopping online, describing it as “unAustralian”, and successfully lobbied to reduce the threshold […]
Patinack auction raised $21 million on its first day.
Harvey, Singleton and Carnegie.