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The US group behind an increasingly popular sous vide cooking appliance is suing Solomon Lew-backed appliance retailer Breville, alleging it breached an agreement between the two companies known as âOperation Hotwaterâ.
The legal stoush comes as Breville posted a bumper $64.2 million profit for the first six months of the financial year, boosted by a surge in demand for its various coffee makers, blenders and juicers from locked-down shoppers across the world.
Breville is being sued over an alleged breach of contract relating to a popular sous vide product line.
Illinois-based Preston Industriesâ sous vide product line was acquired by Breville in 2014, with Breville agreeing to pay Preston a licensing fee to sell the appliances. Under the terms of the agreement, Breville also agreed to purchase models from Preston as the circulators were updated.
Was Adam Marshall a hero or a villain when he dressed as Barnaby Joyce?
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Imitation is the sincerest form of flattery, right? Presumably that’s how NSW Agriculture Minister
Adam Marshall is hoping his attempt at fancy dress will go down after he attended a Heroes and Villains themed party on Saturday night.
Adam Marshall dressed up as Barnaby Joyce.
Marshall amused - and bemused - fellow partygoers appearing at the costume event dressed as his federal Nationals colleague
Barnaby Joyce, his former national leader.
Nick Scali CEO torn over keeping JobKeeper subsidies
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Nick Scali chief Anthony Scali said the furniture retailer paid more in tax than it received in JobKeeper but admitted he was torn over whether the company should hand the wage subsidies back.
Nick Scali received $3.6 million in wage subsidies from the Australian and New Zealand governments in the December-half, despite delivering a 90 per cent increase in profits to $40.6 million after record sales growth and lifting its interim dividend by 60 per cent.
Nick Scali CEO Anthony Scali - “It’s a difficult one.”
Ben Rushton
Like Solomon Lew’s Premier Investments and footwear retailer Accent Group, which kept JobKeeper subsidies despite record sales, profits and dividends, Nick Scali now faces pressure to hand the subsidies back.
Morrison praises firms returning JobKeeper cash
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Scott Morrison has praised retailers handing back coronavirus wage subsidies, warning firms not to take advantage of taxpayers cash while banking strong sales from Australians stuck at home.
Super Retail Group this week announced plans to voluntarily return $1.7 million of JobKeeper payments to the federal government, as the company revealed a record $170 million net profit after tax. Toyota approached the Tax Office last month about handing back more than $18 million in payments after strong sales.
Scott Morrison says the Australian economy cannot run on government money forever.
AAP
Electronics, home entertainment, furniture and leisure sales are strong as Australian consumers are stuck at home and unable to travel overseas due to the pandemic.