Good morning, Billionaire heiress Heloise Pratt has accused ex-husband Alex Waislitz of taking more than $21m in loans to buy a luxury Melbourne apartment and also use funds to purchase property for his fiancee and back companies connected to her music career, new court documents in the ongoing legal stoush reveal. Meanwhile, Australia’s supermarket sector lost as much as $500m in sales from the health, beauty and home products categories to a gaggle of retailers such as Chemist Warehouse, Amazon, Bunnings and Temu, internal Coles analysis obtained by The Australian reveals. And the sorry financial state of the Whyalla steel mill was laid bare through a creditors’ meeting Monday, but it also painted a stark picture of how close to the edge Sanjeev Gupta is running his GFG businesses in Australia and possibly across the world, writes columnist Eric Johnston. |