Latest Consumer Discretionary News

Restaurant Brands New Zealand’s Independent Directors unanimously recommend shareholders accept Finaccess Restauración’s NZ$5.05 per share takeover offer, citing significant premium and risk mitigation despite the offer being below assessed valuation.

Entertainment Rewards Ltd has secured significant amendments to its $22.5 million convertible loan agreement with Suzerain Investment Holdings, extending key deadlines to 2028 and enhancing its financial runway.

Mad Paws Holdings Limited convened a pivotal Scheme Meeting to seek shareholder approval for its $61.5 million acquisition by Rover Group, Inc., with the Board unanimously backing the deal. Key conditions precedent have been met, setting the stage for final court approval and scheme implementation in November.

thl reported a tough FY25 with a 45% drop in underlying profit and a statutory loss, but is charting a strategic turnaround while rejecting a $2.30 per share acquisition offer.

Restaurant Brands New Zealand advises shareholders to hold off on responding to Finaccess's takeover offer until the Target Company Statement is released, promising clearer guidance by late October.

Collins Foods unveiled ambitious growth plans at its 2025 Investor Day, spotlighting rapid expansion in Germany and operational enhancements in Australia and Europe. The company reaffirmed its FY26 profit growth targets, underpinned by digital innovation and brand modernization.

Shriro Holdings announces a $5 million off-market share buy-back at a 14.1% premium, signaling a pivot from acquisitions to expanding its BBQ range globally. The move aims to return excess capital to shareholders while maintaining flexibility for further buy-backs.

Finaccess Restauración, S.L. has launched a formal, unconditional takeover offer for all remaining shares of Restaurant Brands New Zealand Limited at NZ$5.05 per share, representing a substantial premium over recent trading prices.

ARB Corporation Limited has updated its dividend announcement, confirming a fully franked ordinary dividend of AUD 0.35 per share and setting DRP and BSP prices at AUD 38.17 with a 2% discount.

Guzman y Gomez reports robust Q1 FY26 sales growth and network expansion, alongside a significant $100 million share buyback to enhance shareholder value.

The Star Entertainment Group has finalized a crucial covenant waiver with its syndicated lenders, easing financial pressures ahead of its FY2025 audited report. This development clarifies ongoing negotiations and sets the stage for the company’s next financial chapter.

Webjet Group Limited has received a shareholder requisition backed by significant investors seeking to appoint new directors and remove recent board appointees, signaling potential shifts in company governance.