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On this episode of The nestegg Podcast, host Maja Garaca Djurdjevic and three experts discuss the property price movements, fintok and finfluencers, and tax time.

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Steve Waters, director of Right Property Group, chats about the resilience of the property market in Victoria, where another lockdown is currently in place, as well as Westpac’s latest surprising predictions for property price movements.

RMIT’s senior lecturer of finance, Dr Angel Zhong, reveals the rise of fintok and finfluencers and the dangers social media presents to financial markets.

And lastly, tax and super guru Timothy Munro talks about tax time. He reveals what Aussies need to be mindful of as we head towards 30 June, and why some should look at engaging a professional this tax time.

Have a question for our experts? Get in touch at [email protected] and you might get featured on the next episode.

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Big new push for ASX-listed retail giant

By Cameron Micallef

June 13 2019
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Invest

Big new push for ASX-listed retail giant

By Cameron Micallef
June 13 2019

In good news for investors, Wesfarmers Limited has announced the purchase of Catch Group for $230 million.

Big new push for ASX-listed retail giant

By Cameron Micallef

June 13 2019
Share

In good news for investors, Wesfarmers Limited has announced the purchase of Catch Group for $230 million.

Wesfarmers has announced the purchase of digital retailer Catch Group for $230 million. Other big names in its group include Kmart and Target.

The company, which demerged from Coles in 2018, stated that Catch would run independent of all other brands but would report to Kmart managing director Ian Bailey.

Wesfarmer managing director Rob Scott said the acquisition is consistent with the company’s focus on building its data and digital capacities.

“This acquisition represents an opportunity to accelerate Wesfarmers and Kmart Group’s digital and e-commerce capabilities whilst continuing to invest in the unique customer and supplier proposition provided by Catch Group,” said Mr Scott in a statement to the ASX.

Kmart Group’s managing director, Ian Bailey, believes Catch was built on its technology platform and data capabilities.

“We are excited to work with the Catch team and look forward to leveraging our capabilities to grow the business and accelerate the customer-driven, omni-channel initiatives across Kmart and Target,” said Mr Bailey.

Catch Group managing director and CEO Nati Harpaz said the Catch team is looking forward to working with Kmart Group for the benefit of Catch’s business partners and customers.

“Catch will continue to deliver online innovation in the online market in Australia, with the focus of delivering great value and savings to our customers,” said Mr Harpaz.

Approval of the deal is subject to the Australian Competition and Consumer Commission clearing the merger.

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About the author

Cameron Micallef

Cameron is a journalist for Momentum Media's nestegg and Smart Property Investment. He enjoys giving Aussies practical financial tips and tricks to help grow their wealth and achieve financial independence. As a self-confessed finance nerd, Cameron enjoys chatting with industry experts and commentators to leverage their insights to grow your portfolio.

About the author

Cameron Micallef

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