It brought us the jaffle maker and turned us into home baristas – does Breville have energy to face the spending slowdown?
The appliance manufacturer has warned investors of potential turbulence ahead as it said it’s not afraid to hike prices to protect its profits.
The US group behind a popular sous vide cooking appliance has sued Breville,claiming the Solomon Lew-backed appliance retailer breached an agreement known as ‘Operation Hotwater’.
The appliance maker says its range of products is well-suited to the'new normal'of homebound living brought on by COVID-19,with the company seeing its sales jump 25 per cent as people stocked up on coffee machines and sandwich makers.
The billionaire retailer and major Breville investor hasn't taken part in the global appliance manufacturer's first-ever capital raising.
The local bourse had ended the week firmly higher and just shy of a record close,as a surge in banking stocks drove CBA to a five-year high.
Solomon Lew's Breville holdings are now worth over $1b after the appliance manufacturer and distributor flagged an end to the coronavirus-induced manufacturing delays in China.
The Australian appliance maker has passed on tariffs and may need to again.
ChefSteps has a cult following and featured a prominent tech investor as one of its backers.
Breville Group has joined a growing cohort of global companies stockpiling goods at their UK warehouses in fear of a chaotic Brexit.
The global health and coffee craze helped lift profits at the small appliances company,which reported a 20 per cent profit hike in its half-year results to $43.5 million.