It’s the role of an authoritative daily newspaper, such as The Australian, to report and analyse breaking news. But it is the role of a magazine, such as the deal, to dig deeper, to highlight underlying issues in business and the economy, and to find the people doing the most interesting deals and shaping the future of their sector. In this issue, we visit a loft in an industrial suburb of inner Sydney, where a group of people is working at the cutting edge of retailing. While we read daily about the problems of conventional retailing and department stores, the teamat Arden Point, Temple& Webster and Parcel Point, whose offices are above a car-repair business, represents an ecosystem of investors, entrepreneurs and innovative retailers. Business reporter Lisa Macnamara, who last month profiled outgoing eBay Australia chief executive Deborah Sharkey, tells their story. See page 8. Australia’s ties with China are becoming deeper and more complex, while Chinese companies are now much more sophisticated in the way they approach foreign investment deals. Investment banker Andrew Low spent six years in Hong Kong heading up Macquarie Capital’s Asian business before going out on his own with an Australian-based corporate advisory business. He was a key figure advising a Chinese company on a highly unusual takeover finalised earlier this year. It involved players in North America, China and Australia and focused on a lithium mine in the south west corner of Western Australia. The Greenbushes mine is a critical supplier to a Chinese company that makes batteries for mobile phones and electric cars. See page 12.
Going to a musical can be fun, but making money out of them is a risky business. Arts writer Michaela Boland looks behind the
spectacle of King Kong and Priscilla, Queen
of the Desert to find a group of nervous entrepreneurs and investors, for whom every new project is a huge gamble. It is a tough business, but sometimes, just sometimes, they get lucky. See page 20.