Privately owned Australian probiotic market leader Life-Space Group announced today it had entered into a binding agreement for the sale of 100% of its shares to listed China-based BY-HEALTH Group (BY-HEALTH). The transaction is subject to customary shareholder and regulatory approvals and implies an enterprise value for Life-Space Group

Spotify might have recently surpassed 70 million paid subscribers but it remains illegal for businesses to play its music, so an Australian entrepreneur is helping it reach the commercial market indirectly. Dean Cherny, whose Melbourne-based Marketing Melodies has provided instore music to the likes of Optus, Kathmandu, Grilld, Witchery, Portmans,

South African retail giant Woolworths Holdings will roll out concession outlets in David Jones of men's fashion chain Politix, in direct competition with Myer, after buying the Melbourne-based ragtrader for about $60 million. Woolworths said on Wednesday its wholly owned subsidiary, Country Road Group, would acquire Politix, adding another Australian