This week was a big week in the startup and small business world. Shoes of Prey has stopped taking orders, Australia’s most trusted brand was announced, Foodora was ‘chased’ by the tax office and much more.
Dynamic Business has chosen the best news snippets of the week.
Shoes of Prey has put a pause on operations.
Co-Founder Jodie Fox announced the news on Instagram. She said the business started off with great early signs but struggled to “truly crack mass-market adoption”.
“Just like every company, behind the scenes, we faced struggles. While all the indicators and data were positive, we were not able to truly crack mass-market adoption. We remain passionate and positive about our vision for the future of fashion retail,” she said.
Australia’s most trusted brand has been announced
For the second survey in a row. According to a new survey revealing Australia’s top ten brands with positive net trust scores (NTS), Aldi is number one and then followed by Bunnings in second place. Qantas is in third place with Bunnings following in fourth place.
Foodora ‘chased’ by tax office
Food delivery service Foodora is being pursued by Australian authorities over unpaid tax and superannuation, according to the Transport Workers Union.
The Australian Tax Office and Revenue NSW are both investigating the company which recently pulled out of Australia, the union said on Tuesday.
“Not only were Foodora ripping off riders for years it has now been confirmed they were ripping off taxpayers,” national secretary Tony Sheldon said in a statement.
Have a great weekend!