Australia Edition 5
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
THE MARKET<br />
The ABC is <strong>Australia</strong>’s only<br />
independent, national, commercial-free<br />
broadcaster. One of<br />
<strong>Australia</strong>’s most valued and<br />
trusted brands, the ABC operates<br />
across a range of platforms,<br />
ensuring that as many people as<br />
possible are able to access ABC<br />
content and services, nationally<br />
and internationally.<br />
ACHIEVEMENTS<br />
ABC Television has always been<br />
characterised by innovative and<br />
quality programming, with a rich<br />
mix of locally produced and overseas material, and<br />
a continued emphasis on <strong>Australia</strong>n content.<br />
ABC Radio reaches <strong>Australia</strong>ns through four<br />
national radio networks (Radio National, ABC<br />
Classic FM, triple j and ABC NewsRadio), 3 internet<br />
radio stations (dig, Dig Jazz and Dig Country);<br />
and the biggest local radio network in the country<br />
- 60 local radio stations across the nation, from<br />
Broome to Hobart, Cairns to Albany, Darwin to Port<br />
Lincoln.<br />
ABC News provides the most comprehensive<br />
news and current affairs coverage of any <strong>Australia</strong>n<br />
media organisation. More than 24,000 hours of news<br />
and current affairs are broadcast annually across<br />
radio, television and online.<br />
ABC Innovation drives strategic innovation and<br />
development in content creation, audience<br />
connection and new platform distribution in<br />
partnership with other divisions, and leads the<br />
overall growth and success of abc.net.au. ABC<br />
Online consistently rates as one of the fifteen most<br />
popular sites in <strong>Australia</strong>. In 2006/07 ABC Online<br />
had an average monthly unique audience of 2.1<br />
million, representing an average of 18.43 per cent<br />
of the active <strong>Australia</strong>n Internet population.<br />
ABC Commercial creates, licenses, markets and<br />
retails quality consumer products which reflect and<br />
extend the scope of ABC programs and services.<br />
ABC Commercial also operates 42 ABC Shops,<br />
including the ABC shop online and 103 ABC<br />
Centres, the net revenue from which goes directly<br />
into further ABC programming initiatives.<br />
HISTORY<br />
The ABC was inaugurated in 1932 by then Prime<br />
Minister Joseph Lyons. Twelve radio stations were<br />
brought together under the banner of the <strong>Australia</strong>n<br />
Broadcasting Commission.<br />
Until 1935 all programs went to air live. Over half<br />
the early programs were music and in 1936 the ABC<br />
began establishing studio broadcasting orchestras<br />
in all States. These provided the foundation for the<br />
state symphony orchestras which in the late 1990s<br />
progressively became independent subsidiary<br />
companies of the ABC.<br />
In 1947 the ABC established its own independent<br />
news service and in 1950 Radio <strong>Australia</strong> finally<br />
came under full control of the ABC. In 1956 ABC<br />
television began transmission in Sydney and<br />
Melbourne. In 1965 the ABC logo came into use, in<br />
1974 the first ABC shop opened and in 1983 the<br />
ABC became a Corporation. From 1985 ABC<br />
Television could transmit programs nationally via<br />
the Aussat satellite and in 1995 the ABC’s New<br />
Media and Digital Services division was<br />
established. In 2007, a new Innovation Division<br />
was created as an incubator for digital development<br />
across the ABC.<br />
THE PRODUCT<br />
ABC TV programs continue to win viewer and<br />
critical acclaim with the highest ever free-to-air<br />
audience share and programs of all genres winning<br />
major peer-voted national and international awards.<br />
Free to air commercial channels vie to acquire<br />
concepts, programs and personalities pioneered<br />
by ABC TV.<br />
Stories broken by programs<br />
such as Four Corners,<br />
<strong>Australia</strong>n Story and Andrew<br />
Denton’s Enough Rope regularly<br />
receive major press exposure.<br />
Characters from some ABC TV<br />
programs such as Mother and<br />
Son, SeaChange and Bananas<br />
in Pyjamas have become<br />
<strong>Australia</strong>n icons.<br />
The ABC’s innovative<br />
broadband service was<br />
established in 2001 and enables<br />
audiences to interact with high<br />
quality rich media content on<br />
demand. The ABC Broadband<br />
service offers several programs in a number of<br />
genres including News, Kids, cooking, comedy and<br />
music.<br />
ABC Radio National plays a unique role in the<br />
<strong>Australia</strong>n radio market, with specialist information<br />
programs that touch on every aspect of life<br />
including health, politics, religion, science and the<br />
arts — giving a breadth of ideas and analysis. A<br />
number of the network’s programs including The<br />
Science Show and Late Night Live have enjoyed<br />
longevity, maintaining audience interest over many<br />
years.<br />
ABC Classic FM, <strong>Australia</strong>’s only national<br />
classical music station offers an eclectic mix of<br />
music and music information. The network plays a<br />
key role in fostering the work of <strong>Australia</strong>n<br />
composers and performers as well as bringing<br />
<strong>Australia</strong>ns concert performances from around the<br />
world.<br />
The ABC’s youth network triple j targets an<br />
audience of 18-24 year olds. The network gives<br />
significant support to new <strong>Australia</strong>n music with a<br />
playlist that is more than 40 per cent <strong>Australia</strong>n. Its<br />
programs explore issues of interest and concern to<br />
young <strong>Australia</strong>ns.<br />
ABC NewsRadio provides a continuous news<br />
and information service and can be heard in all<br />
capital cities plus Northern Tasmania, Newcastle,<br />
the Gold Coast and Gosford. When Federal<br />
Parliament is in session NewsRadio crosses to<br />
Canberra for live coverage while the regular<br />
programming continues to be streamed online.<br />
ABC Local Radio provides an outlet for local<br />
information, news and views through a network of<br />
nine metropolitan and 60 regional stations. It offers<br />
a mix of news, current affairs, talkback, sport music<br />
and rural matters.<br />
Dig, the ABC’s internet radio station offers a<br />
8<br />
008-009_abc.p65<br />
8<br />
10/21/2007, 8:51 AM
AFL licensed product also maintains its position<br />
as <strong>Australia</strong>’s number one licensed sports brand<br />
with retail sales of more than $150 million in 2006.<br />
HISTORY<br />
In 1857, a young man named Tom Wills returned to<br />
<strong>Australia</strong> after going to school in England where<br />
he was football captain of Rugby School and a<br />
brilliant cricketer. In 1858, Wills was appointed the<br />
Secretary of the Melbourne Cricket Club, and he<br />
published his now famous letter suggesting that<br />
cricketers should keep fit in the winter by playing<br />
football.<br />
Given the oval shape of cricket grounds, a<br />
different style of football game was required to that<br />
normally played on rectangular fields. Hence, this<br />
new game was devised by Wills, his cousin H.C.A.<br />
Harrison, W.J. Hammersley and J.B. Thompson.<br />
The Melbourne Football Club was formed on<br />
August 7, 1858, the year of the code’s first recorded<br />
game between Scotch College and Melbourne<br />
Grammar School.<br />
THE MARKET<br />
<strong>Australia</strong>n Football League competes in a much<br />
broader market than simply sport. Its obvious<br />
competitors are Rugby League, soccer and<br />
basketball. In reality the AFL exists in the extremely<br />
diverse and dynamic entertainment industry, in<br />
which <strong>Australia</strong>ns spend more than $5 billion every<br />
year.<br />
The market in which the AFL directly operates<br />
is equally diverse, composed of revenue generated<br />
two largely populated northern states are still<br />
considered growth markets.<br />
ACHIEVEMENTS<br />
The AFL regularly breaks attendance records. The<br />
2005 season saw 6,763,852 go through the<br />
turnstiles, breaking the previous season record<br />
6,691,897 previously set in 1998, this was then<br />
followed by 6,736,234 in 2006. This is more than<br />
double the figure for the AFL’s nearest competitor.<br />
Club membership has also exploded in recent<br />
seasons, rising from 217,474 in 1994 to 519,121 in<br />
2006 - an increase of more than 139%.<br />
AFL football continues to maintain its position<br />
as <strong>Australia</strong>’s most valuable television sports<br />
property with cumulative national audiences each<br />
week of up to 5 million people. Each year, the AFL<br />
Grand Final is televised live and is the most watched<br />
sports program in <strong>Australia</strong> as well as being viewed<br />
in 150 countries around the world.<br />
by match attendance, media rights, corporate<br />
sponsorship, membership and sales of licensed<br />
products. The combined effect values the AFL’s<br />
market contribution at $276 million per year.<br />
While the AFL enjoys a growing national<br />
following, its heartland is in the southern states<br />
where <strong>Australia</strong>n Rules Football has been part of<br />
the culture for over a century. Given the dominance<br />
of Rugby League in NSW and Queensland, the<br />
<strong>Australia</strong>n football quickly blossomed. The<br />
Victorian Football League was established in 1897<br />
and the following year the League’s first games<br />
were played among the foundation clubs; Carlton,<br />
Collingwood, Essendon, Fitzroy, Geelong,<br />
Melbourne, St Kilda and South Melbourne. In 1925<br />
North Melbourne, Hawthorn and Footscray<br />
entered the competition.<br />
10<br />
010-011_afl.p65<br />
10<br />
10/24/2007, 10:42 AM
THE MARKET<br />
American Express is a world leader in travel and<br />
financial services including charge and credit cards,<br />
Travellers Cheques, foreign exchange and<br />
insurance and international banking. Through its<br />
family of Corporate Card and business travel<br />
services, American Express helps companies<br />
manage their travel, entertainment and purchasing<br />
expenses.<br />
As the world’s largest travel agency, American<br />
Express offers travel and related consulting services<br />
to individuals and corporations around the world.<br />
The company also provides private banking<br />
services and personal financial services to<br />
individuals outside the United States.<br />
In <strong>Australia</strong>, American<br />
Express operates in a<br />
highly competitive and<br />
dynamic industry. The<br />
company dominates the<br />
Corporate Card and Small<br />
Business market, and<br />
offers consumer<br />
Cardmembers one of the<br />
most highly regarded<br />
loyalty programs in <strong>Australia</strong> – the Membership<br />
Rewards TM program.<br />
ACHIEVEMENTS<br />
American Express was the first financial services<br />
company to offer a loyalty program – the program<br />
was launched in 1992 as Membership Miles. The<br />
Membership Rewards program is unique in many<br />
ways – with no expiry on points earned as long as<br />
your account remains current. It is also the only<br />
financial services rewards<br />
program in <strong>Australia</strong> to offer<br />
tenured rewards, a special offer<br />
to long tenured customers that<br />
offers them a special selection<br />
of rewards for fewer points.<br />
Membership Rewards is also the<br />
only Card rewards program to<br />
offer customers the flexibility of<br />
combining their points to redeem<br />
large ticket items or to transfer a<br />
portion of their points balance to a family member<br />
or friend as a gift.<br />
The American Express Membership Rewards<br />
program was awarded 5 stars in CANNEX’s 2007<br />
Rewards Star Ratings, the first national comparison<br />
of rewards program. The American Express Platinum<br />
Credit Card was also recently named fully featured<br />
credit card of the year in the 2007 Financial Review’s<br />
Smart Investor Blue Ribbon Awards.<br />
American Express was awarded an Employer of<br />
Choice citation by the Federal Government’s<br />
Employer of Choice for Women Agency (EOWA)<br />
in March 2007 for the<br />
seventh year in a row.<br />
Marie Claire also<br />
recently featured<br />
American Express as a<br />
‘Best in the Business’<br />
employer on its<br />
website. Hewitt<br />
Associates also<br />
announced American<br />
Express as <strong>Australia</strong>’s<br />
best employer in the ‘Large Organisation’ category<br />
at the annual 2007 Hewitt Best Employers Award<br />
ceremony for the fourth year in<br />
a row.<br />
HISTORY<br />
The express and freight<br />
forwarding business upon<br />
which American Express was<br />
founded was an essential<br />
service, and its stagecoach,<br />
express wagon and railway car<br />
staff were rugged individuals whose duties were<br />
romanticised by the public.<br />
During the latter half of the 19th Century, as<br />
Americans developed an intense appetite for travel,<br />
the company expanded its freight forwarding<br />
services into Europe. Americans abroad began to<br />
rely on the company for travel advice, and American<br />
Express increasingly became a travel services<br />
company.<br />
With World War I, American Express’<br />
international growth plans were quashed. When<br />
the United States entered the war in 1917, the<br />
railroads were commandeered for government<br />
purposes and the express and freight companies<br />
were consolidated into a single entity, known as<br />
the American Railway Express Company.<br />
However, with its strong money order sales and<br />
the introduction of the Travellers Cheque in 1891,<br />
American Express had diversified its businesses<br />
enough to separate its growing travel and financial<br />
operations from the freight and express businesses<br />
and the company thrived despite the loss of its<br />
core business. In time the travel business flourished,<br />
and the company’s financial businesses also<br />
performed well.<br />
By the early 1950s, American Express had<br />
solidified its position as one of the world’s premier<br />
travel companies. Its offices around the globe –<br />
like the famous 11, rue Scribe site in Paris – were<br />
12<br />
012-013_amex.p65<br />
2<br />
10/20/2007, 7:12 PM
THE MARKET<br />
Biscuits and snacks are two of life’s little pleasures.<br />
We offer them to our friends when they pop in for<br />
a visit, or we treat ourselves to a nibble on a quiet<br />
night in.<br />
For over 140 years, Arnott’s has been making<br />
great food that everyone loves, every day,<br />
and will continue to do so for generations<br />
to come.<br />
Arnott’s is the market leader of the<br />
<strong>Australia</strong>n biscuit category and the<br />
number two player in the <strong>Australia</strong>n<br />
snack foods category. Arnott’s<br />
grows the biscuit category<br />
through product and flavour<br />
innovation, and by offering<br />
consumers great tasting food to<br />
suit any occasion.<br />
As the palate of the <strong>Australia</strong>n<br />
population evolves, Arnott’s has<br />
anticipated emerging trends and created a range of<br />
biscuits and snack foods that cater to consumer<br />
tastes.<br />
Trends currently affecting the market include<br />
increasing demand for products that are ‘better for<br />
you’; for premium and indulgent products that are<br />
eaten as a special treat and a reward; and for<br />
convenient snacks that can<br />
be eaten on-the-go.<br />
Anticipating and<br />
responding to trends is<br />
Arnott’s strength. With its<br />
product and flavour<br />
innovation, and<br />
commitment to making<br />
delicious foods, Arnott’s<br />
has been one of <strong>Australia</strong>’s<br />
favourite food companies for<br />
over a century.<br />
ACHIEVEMENTS<br />
Millions of <strong>Australia</strong>ns have grown up with Arnott’s<br />
over the past 142 years. For them, Arnott’s is more<br />
than a biscuit company – it’s a piece of <strong>Australia</strong>’s<br />
history and a national icon. The famous parrot<br />
trademark has a place in 97 per cent of <strong>Australia</strong>n<br />
households, and the leading Arnott’s chocolate<br />
biscuit brand, Tim Tam, is a particular favourite,<br />
with more than 400 million Tim Tam biscuits<br />
consumed every year!<br />
In 2002, Arnott’s acquired Snack Brands<br />
<strong>Australia</strong>, and added a number of <strong>Australia</strong>’s<br />
favourite snack brands to its portfolio including<br />
Cheezels, Thins and CC’s.<br />
Since Scottish baker William Arnott began<br />
selling pies to ships docking in Newcastle in 1865,<br />
Arnott’s has grown steadily, with more than 50,000<br />
<strong>Australia</strong>ns working for Arnott’s over the past<br />
century. Today, Arnott’s employs more than 4,000<br />
people<br />
<strong>Australia</strong>-wide, operates six<br />
manufacturing facilities in<br />
<strong>Australia</strong> and in the past<br />
decade has spent more<br />
than $3 billion purchasing<br />
raw ingredients and<br />
services from local<br />
farmers and businesses<br />
to make its biscuits and<br />
snack foods. Arnott’s is<br />
one of the largest food<br />
companies in the Asia<br />
Pacific region, with a<br />
very bright future.<br />
HISTORY<br />
In 1865, William Arnott opened a biscuit bakery in<br />
Hunter Street, Newcastle, baking pies and biscuits<br />
to sell to coal ships that docked at the port. In 1877,<br />
the bakery moved to new premises and within three<br />
years employed 50 people and produced 1.5 tonnes<br />
of biscuits daily. By the following decade, Arnott’s<br />
was distributing to Sydney. In 1892 it began its first<br />
major advertising campaign, inviting parents to<br />
submit photographs of healthy children fed on<br />
Arnott’s biscuits. The campaign, ‘Living Pictures’,<br />
ran for more than 60 years.<br />
Demand for Arnott’s biscuits grew rapidly, and<br />
in 1908 the company opened a new bakery on a<br />
two-hectare site at Homebush in Sydney, part of<br />
which is still occupied by Arnott’s Asia Pacific<br />
regional headquarters.<br />
During World War II, Arnott’s helped feed the<br />
armed forces of both <strong>Australia</strong> and the United<br />
States, producing a range of sweet, energygiving<br />
biscuits for the army and thick, dry<br />
biscuits for the navy that would keep for<br />
months at sea. Production of biscuits for<br />
civilian consumption was severely<br />
restricted, with just 19 varieties offered.<br />
In 1992, the Campbell Soup<br />
Company launched a takeover bid for<br />
Arnott’s, and in 1997, Arnott’s became<br />
a wholly owned subsidiary.<br />
THE PRODUCT<br />
Arnott’s offers consumers greater<br />
choice than ever before, with a large range of<br />
sweet and savoury biscuits and crackers, and salty<br />
snack foods. The products span a number of<br />
segments including Adult Indulgence, Family<br />
Favourites and Better for You. Arnott’s exports<br />
continue to grow, with <strong>Australia</strong>n-made biscuits<br />
now being shipped to more than 40 countries<br />
around the world including Japan, Canada, United<br />
Kingdom, Indonesia, Tahiti and New Zealand.<br />
In <strong>Australia</strong>, the Arnott’s name is synonymous<br />
with quality. Its best-selling chocolate biscuit<br />
varieties, Tim Tam and Mint Slice biscuits, are<br />
market leaders in the adult indulgence segment of<br />
the biscuit category, while the Scotch Finger, Vita-<br />
14<br />
014-015_arnott's.p65<br />
2<br />
10/20/2007, 7:15 PM
THE MARKET<br />
Against a global trend of flattening letter volumes,<br />
<strong>Australia</strong> Post continues to achieve small but<br />
steady volume increases by adding value to its<br />
letter service. In 2005/06 <strong>Australia</strong> Post achieved<br />
volume growth of 28 million letters (an increase of<br />
0.5 per cent), marking its third successive year of<br />
growth.<br />
The corporation’s business strategy is to defend<br />
and extend its position in its three core business<br />
areas – letters, retail and agency services, and<br />
parcels and logistics. This strategy involves<br />
capitalising on existing strengths, while extending<br />
into complementary or substitute business areas<br />
where there is potential for growth and profit.<br />
<strong>Australia</strong> Post’s main challenge has come from<br />
electronic messaging and distribution technologies,<br />
such as email and the Internet. The corporation is<br />
responding to this challenge by establishing a<br />
leadership position in substitute markets (such as<br />
identity and verification services on behalf of other<br />
organisations) and by leveraging its core<br />
competencies in new business areas (such as the<br />
establishment of an integrated logistics service,<br />
called Post Logistics).<br />
ACHIEVEMENTS<br />
<strong>Australia</strong> Post has transformed its image, corporate<br />
culture and operations to emerge as one of<br />
<strong>Australia</strong>’s most successful and reputable<br />
businesses. The makeover of <strong>Australia</strong> Post<br />
effectively began in 1989 when <strong>Australia</strong> Post<br />
became a Government Business Enterprise (GBE).<br />
As a GBE, the newly formed corporation<br />
implemented an intensive program to<br />
streamline and upgrade all aspects of<br />
operations and to strengthen the <strong>Australia</strong><br />
Post brand. As a result of this continuing<br />
program, revenue has increased by 19 per<br />
cent over the past five years and the<br />
corporation’s productivity improvements<br />
have been triple the national average over<br />
the same period.<br />
Significantly, <strong>Australia</strong> Post’s commercial<br />
transformation has been achieved without<br />
sacrificing the corporation’s reputation as a<br />
trusted and reliable provider of community<br />
services. Today, it is regularly rated among<br />
the most reputable organisations in the<br />
country: in the 2006 Grey Eye on <strong>Australia</strong><br />
study, published in BRW Magazine,<br />
<strong>Australia</strong> Post was rated the fourth most trusted<br />
organisation in <strong>Australia</strong>.<br />
Internationally, <strong>Australia</strong> Post is one of the world’s<br />
best-performing postal enterprises – providing the<br />
highest level of service, while maintaining one of the<br />
lowest basic letter rates in the world.<br />
HISTORY<br />
The Post Office is <strong>Australia</strong>’s oldest surviving<br />
commercial organisation. Its origins can be traced<br />
back to 1809 when former convict Isaac Nichols<br />
was appointed the first Postmaster and opened a<br />
post office in his home in George Street, Sydney.<br />
<strong>Australia</strong> Post’s formal commercial origins lie in the<br />
first postal act of 1825, which enabled the New<br />
South Wales governor to fix postage rates and<br />
appoint postmasters outside of Sydney.<br />
With the Federation of <strong>Australia</strong>n colonies in<br />
1901, a nationally integrated Postmaster General’s<br />
Department (PMG) was established, with<br />
responsibility for the nation’s mail and telephone<br />
services. In 1975, the PMG was split into two<br />
entities: the <strong>Australia</strong>n Telecommunications<br />
Commission (now Telstra) and <strong>Australia</strong>n Postal<br />
Commission (trading as <strong>Australia</strong> Post).<br />
It was the <strong>Australia</strong>n Postal Corporation Act 1989<br />
that made Post a GBE with a board of directors and<br />
a charter to operate commercially, while meeting a<br />
range of Community Service Obligations (CSOs).<br />
Under the CSOs, <strong>Australia</strong> Post must provide a<br />
standard letter service to all <strong>Australia</strong>ns at a uniform<br />
price. <strong>Australia</strong> Post is also required to achieve a<br />
number of performance standards relating to public<br />
access to the postal service and the frequency and<br />
reliability of delivery. In 2005/06, the cost associated<br />
with meeting the CSOs was approximately $87.9<br />
million.<br />
16<br />
016-017_australia post.p65<br />
2<br />
10/20/2007, 8:30 PM
THE MARKET<br />
Tariff reductions and Free Trade<br />
Agreements, the rise of China as a<br />
manufacturing giant, and the power<br />
of the Internet to provide access<br />
to global markets, have all had an<br />
enormous impact on <strong>Australia</strong>n<br />
industry. Our manufacturers now<br />
have to work harder and smarter to<br />
stay ahead.<br />
Research conducted for the<br />
<strong>Australia</strong>n Made, <strong>Australia</strong>n<br />
Grown Campaign has consistently<br />
shown that <strong>Australia</strong>n consumers<br />
prefer to buy <strong>Australia</strong>n products.<br />
In addition, research carried out<br />
overseas indicates that much of the<br />
world has an appetite for things<br />
<strong>Australia</strong>n.<br />
The Campaign’s key objectives<br />
are to assist consumers to exercise their preference<br />
for buying <strong>Australia</strong>n, and to give <strong>Australia</strong>n<br />
producers and manufacturers a competitive edge<br />
by clearly and consistently branding products with<br />
an instantly recognisable and trusted symbol of<br />
<strong>Australia</strong>.<br />
ACHIEVEMENTS<br />
The latest Roy Morgan research shows that the<br />
logo is recognised by 98% of <strong>Australia</strong>ns and is<br />
the most trusted identifier for <strong>Australia</strong>n goods.<br />
Even with the restructuring of the manufacturing<br />
sector, the campaign continues to grow with more<br />
than 400 new licensees in 2006/07.<br />
The campaign’s support for <strong>Australia</strong>n furniture<br />
manufacturers was recognised when major retailers<br />
Harvey Norman Furniture and Bedding, Forty<br />
Winks and Bev Marks <strong>Australia</strong> came on board as<br />
campaign partners.<br />
The strength of the campaign was<br />
acknowledged in 2007 when the Department of<br />
Agriculture, Fisheries and Forestry agreed to use<br />
the Campaign as the delivery vehicle and the logo<br />
as the centrepiece of its new food labelling<br />
initiative, ‘<strong>Australia</strong>n Grown’.<br />
HISTORY<br />
The origins of the <strong>Australia</strong>n<br />
Made, <strong>Australia</strong>n Grown<br />
Campaign date back to shortly<br />
after Federation when the merits<br />
of buying <strong>Australia</strong>n made were<br />
advocated in Federal Parliament. In<br />
the 1930s, various chambers of<br />
manufactures championed the cause of buying<br />
<strong>Australia</strong>n in publications and press<br />
advertisements.<br />
A national campaign known as Operation<br />
Boomerang was launched in 1961 by the Associated<br />
Chambers of Manufactures of <strong>Australia</strong>. The aim<br />
of Operation Boomerang was to raise the profile of<br />
<strong>Australia</strong>n manufacturing and encourage people<br />
to buy locally made goods. The logo for the<br />
campaign – a red boomerang on a blue<br />
background with the Southern Cross – can<br />
still be seen on some of our older buildings<br />
and shop signage today.<br />
In 1986, a new logo was developed.<br />
Commissioned by the <strong>Australia</strong>n<br />
Government, the green and gold<br />
<strong>Australia</strong>n Made logo was<br />
designed by Melbourne graphic<br />
designer Ken Cato and featured<br />
a stylised kangaroo within a triangle. The <strong>Australia</strong>n<br />
Made Campaign was launched by then Prime<br />
Minister Bob Hawke in Melbourne.<br />
The scheme was administered by the Advance<br />
<strong>Australia</strong> Foundation and attracted a<br />
significant number of users who paid<br />
a licence fee for the right to use the<br />
logo on their products. However,<br />
in 1996, the Foundation went into<br />
voluntary liquidation, and the<br />
logo reverted to the <strong>Australia</strong>n<br />
Government. Existing licensees<br />
were given permission to continue<br />
using the logo until new<br />
arrangements were put into place.<br />
During 1997 and 1998, the<br />
<strong>Australia</strong>n Chamber of Commerce<br />
and Industry (ACCI) took the lead<br />
in re-launching the logo, with an<br />
industry consultation process<br />
which led to the development of a<br />
new Code of Practice and<br />
administrative structure. On 1 July<br />
1999 the <strong>Australia</strong>n Made<br />
Campaign resumed with a new<br />
company - <strong>Australia</strong>n Made<br />
Campaign Limited (AMCL) – as<br />
the approved certifier of users of<br />
the <strong>Australia</strong>n Made logo. PM<br />
John Howard officially launched<br />
the new campaign in September of<br />
that year.<br />
The Code of Practice set out<br />
criteria for goods which were<br />
consistent with the country of<br />
origin provisions of the Trade Practices Act 1974<br />
as amended in 1998. In order to be eligible to carry<br />
the logo, goods had to be “substantially<br />
transformed” in <strong>Australia</strong>, and 50% or more of the<br />
cost of producing or manufacturing the goods had<br />
to be attributable to production or manufacturing<br />
processes that occurred in <strong>Australia</strong>.<br />
In May 2007 the rules governing the use of<br />
the logo were varied to allow its use with fresh<br />
and packaged produce, and <strong>Australia</strong>n<br />
Grown was born.<br />
THE PRODUCT<br />
The <strong>Australia</strong>n Made, <strong>Australia</strong>n<br />
Grown logo is available to any<br />
person or organisation whose<br />
products meet the compliance<br />
criteria in the Code of Practice.<br />
Potential licensees must<br />
complete an application form, listing those<br />
products, and pay an annual licence fee. Licence<br />
fees are based on turnover and range from $275 to<br />
$22,000.<br />
Licensees are granted the right to use the logo<br />
on products and promotional material. The<br />
‘Directory’ section of the <strong>Australia</strong>n Made,<br />
<strong>Australia</strong>n Grown website lists all licensees and<br />
products. Licensees can create their own web pages<br />
with information about their company and products.<br />
Every licensee receives a free listing in the annual<br />
publication, “Consumer Guide to Buying<br />
<strong>Australia</strong>n”, which is distributed free to consumers<br />
through supermarkets and other outlets.<br />
18<br />
018-019_aust made.p65<br />
18<br />
10/20/2007, 9:39 PM
THE MARKET<br />
During the year ended 31 March 2007 there were<br />
5,156,539 visitors to <strong>Australia</strong> aged 15 years and<br />
over. This was fairly steady, with an increase of 3%<br />
over the previous year. Visitor nights, on the other<br />
hand, showed a significant rise of 13% over the<br />
previous twelve months to a total of 157.7 million.<br />
Within <strong>Australia</strong> during the same year, 73.3<br />
million overnight trips were taken by <strong>Australia</strong>n<br />
residents aged 15 years and over. This was 5%<br />
higher than the number of overnight trips from the<br />
equivalent period in 2006. <strong>Australia</strong>ns spent 288.1<br />
million nights away from home during the year,<br />
which was 6% higher than in 2006.<br />
HISTORY<br />
In 1957, eleven moteliers formed a standards<br />
organisation called the Motel Federation of<br />
<strong>Australia</strong> (MFA). Foundation President, Lou<br />
Pimblett stated that it was “only the forerunner of<br />
very big things in motels”. This vision was more<br />
prophetic than they could have imagined.<br />
In 1975, the name “MFA Homestead” was<br />
introduced and The Travel Club, Best Western’s<br />
first loyalty program, was launched.<br />
Best Western has been well positioned to take<br />
advantage of the increases in visitor nights because<br />
the product meets both leisure and corporate needs.<br />
The increase in domestic travel was particularly<br />
welcome as people rediscovered the traditional<br />
driving holiday - a key market, with the majority of<br />
Best Western properties located on popular driving<br />
routes. Great <strong>Australia</strong>n Drives was developed<br />
along with other special interest products to cater<br />
to the diverse interests of guests.<br />
For corporate travel, Best Western’s global<br />
minimum standards including high speed internet<br />
have resulted in a strong position. Best Western<br />
leads the mid market accommodation sector which<br />
is comprised of hotels, motels, apartments and<br />
resorts.<br />
Globally and locally, Best Western’s vision is to<br />
lead the industry in superior customer care, while<br />
the Best Western mission is to enhance brand equity<br />
and increase member value.<br />
ACHIEVEMENTS<br />
In 50 years, the organisation has grown from 11 to<br />
more than 210 members in <strong>Australia</strong>. In 2007, Best<br />
Western <strong>Australia</strong> expanded the brand into the NZ<br />
territory with the highest quality properties.<br />
Since 2002, all Best Western properties around<br />
the globe offer BestRequests – frequently<br />
requested guest amenities and services – in<br />
addition to the already stringent global Quality<br />
Assurance program which involves over 200<br />
quality checks.<br />
Best Western launched the hotel industry’s most<br />
extensive and complete listing of properties on the<br />
internet in 1995, making it the largest hotel brand<br />
represented on the global computer network.<br />
Best Western <strong>Australia</strong> pioneered swipe<br />
technology in the hotel sector in 1998, providing<br />
the benchmark for all competitors.<br />
In 2002, Best Western rolled out MemberWeb,<br />
an internet based reservation system so property<br />
owners and managers could adjust rates and<br />
inventory at anytime from anywhere. Another<br />
component of this was BestCheque, a global<br />
guaranteed travel agent commission system which<br />
strengthens ties with the travel industry and grows<br />
business from this sector.<br />
In the same year a proposal was received from<br />
Best Western as it took the first step toward global<br />
expansion. In 1981, Homestead Motor Inns formally<br />
affiliated with Best Western. The name change from<br />
Homestead to Best Western was gradual. First came<br />
“Homestead – Best Western”, then “Best Western<br />
Homestead” and finally Best Western <strong>Australia</strong> was<br />
born on 15th March 1989. This put the ‘International’<br />
into ‘Best Western International’.<br />
Best Western remains a unique association<br />
owned by its members. As a marketing co-operative,<br />
revenue is spent on developing and enhancing the<br />
Best Western brand and promoting properties as<br />
well as offering increased services to members,<br />
rather than generating profit for external<br />
shareholders.<br />
Best Western has its corporate head office in<br />
North Sydney with some 40 employees nationally.<br />
In 2007, it changed its trading name to ‘Best<br />
Western Australasia’ in recognition of the recent<br />
expansion into the New Zealand market.<br />
THE PRODUCT<br />
Best Western is the world’s largest hotel<br />
company operating under a single brand with<br />
more than 4000 independently owned and<br />
operated hotels. It offers 309,562 quality<br />
guestrooms in 80 countries.<br />
Through Best Western, independent operators<br />
have access to benefits such as branding, sales<br />
20<br />
020-021_best western.p65<br />
20<br />
10/20/2007, 10:13 PM
THE MARKET<br />
In an industry that collectively turns over in excess<br />
of $10 billion annually in <strong>Australia</strong>, Bing Lee<br />
continues to stand out as a market leader with an ex<br />
GST revenue for the 2006/7 financial year of $370<br />
million. This result is even more significant given<br />
the company only operates in NSW and ACT.<br />
Sales growth for the financial year 2006-2007 was<br />
14 per cent. During 2007 the company reported<br />
significant increases in sales for plasma and LCD<br />
TVs, notebooks and IT products, digital imaging<br />
and GPS navigation systems.<br />
According to General Manager Phil Moujaes,<br />
the biggest challenge facing the industry is the<br />
unprecedented<br />
pace at which<br />
technology<br />
is changing<br />
and the<br />
effect those<br />
changes will<br />
have on the<br />
market place<br />
including the<br />
need for<br />
ongoing<br />
staff training to keep pace with the new<br />
technologies.<br />
As consumers have an abundance of choice in<br />
today’s market and are far more product savvy,<br />
Moujaes believes retailers must provide a point of<br />
difference if they are to maintain their competitive<br />
edge. For Bing Lee, the main point of difference is it<br />
is still a privately owned family business and is<br />
committed to continuing to provide friendly and<br />
informative service. Along with Bing Lee’s famous<br />
negotiable prices, this ensures that the needs of<br />
the customer remain the number one priority.<br />
ACHIEVEMENTS<br />
Bing Lee has grown from humble beginnings and<br />
is one of the largest electrical retailers in the New<br />
South Wales (NSW) and <strong>Australia</strong>n Capital Territory<br />
(ACT) regions.<br />
Bing Lee celebrated its 50th anniversary in 2007<br />
highlighting the company’s longevity in a<br />
competitive market place. The number of outlets<br />
recently reached 33 and continues to grow,<br />
underlining that Bing Lee has established itself as<br />
one of the most iconic businesses in NSW and the<br />
ACT.<br />
Under the leadership of co-founder Ken Lee,<br />
Bing Lee has developed strong supplier<br />
relationships, many of which were established at<br />
the company’s inception in 1957. In such a<br />
competitive and ever-changing industry it is<br />
considered rare for a supplier-retailer relationship<br />
to continue for this length of time. Loyalty and<br />
trust are two of the primary factors to which<br />
suppliers, including Sharp, attribute their successful<br />
and long standing relationships with Bing Lee.<br />
HISTORY<br />
Bing Lee began when Bing, together with his son<br />
Ken, purchased an electrical repair business in the<br />
Western Sydney suburb of Fairfield in 1957.<br />
Together they turned the repair business into an<br />
electrical appliance retail and repair business trading<br />
under the name Bing Lee.<br />
With the launch of television in <strong>Australia</strong> during<br />
the late 1950s a surge in demand for television units,<br />
repairs and installations spurred Bing Lee’s initial<br />
growth. Over time the demand for additional<br />
household items including washing machines,<br />
cooking equipment, heaters and audio equipment<br />
also increased and Bing Lee expanded their product<br />
range to meet the needs of the communities in which<br />
the stores operated.<br />
As business grew the Bing Lee brand branched<br />
into similar working class locations opening stores<br />
in Cabramatta, Parramatta, Wollongong and<br />
Blacktown.<br />
In 1987, Bing Lee passed away aged 79 and Ken<br />
took over the company reins. Under his leadership<br />
the business grew rapidly, tapping into traditional<br />
locations whilst maintaining its ‘roots’ in the ethnic<br />
and immigrant communities that continued to<br />
contribute to the growth of Sydney’s western<br />
suburbs.<br />
22<br />
022-023_bing lee.p65<br />
22<br />
10/20/2007, 10:15 PM
THE MARKET<br />
Over the last 75 years, the <strong>Australia</strong>n way of life<br />
has continually changed and with it the role of the<br />
kitchen. Once the domain of the traditional<br />
housewife, the kitchen is now considered the heart<br />
of the home.<br />
Kitchen tools have evolved from basic utensils<br />
to perfectly engineered and beautifully designed<br />
electrical appliances, that save time and produce<br />
professional results.<br />
Trends in society have changed the way we<br />
prepare food at home. Multiculturalism has<br />
broadened the nation’s palate, resulting in the<br />
introduction of appliances like Breville’s electric wok<br />
and rice cooker.<br />
Food preparation has become entertainment.<br />
Top chefs have gained celebrity status and there is<br />
an ever-increasing number of magazines and<br />
television programs centred around preparing food<br />
at home.<br />
Consumers are emulating their favourite chefs<br />
and demanding superior kitchen appliances with<br />
the functionality to deliver consistent, professional<br />
results. Breville has combined this functionality with<br />
world-class design that compliments kitchen decor.<br />
Breville has responded to <strong>Australia</strong>n trends,<br />
developing stylish, quality appliances that meet<br />
the demands of our changing lifestyle.<br />
Breville’s continued commitment to innovation<br />
underpins its leadership position within the small<br />
appliance industry.<br />
ACHIEVEMENTS<br />
A standout achievement in Breville’s history is the<br />
scissor action sandwich toaster. When it was<br />
launched in 1974, it reached 10% of <strong>Australia</strong>n<br />
households in its first year of sale, making it one of<br />
the most successful new product launches ever in<br />
<strong>Australia</strong>. In fact, the term “Breville” is now part of<br />
the Aussie vernacular, often used when referring<br />
to the style of toasted sandwich it makes. It is even<br />
recognised in <strong>Australia</strong>’s Macquarie Online<br />
Dictionary!<br />
In late 1977, Breville revolutionised the kitchen<br />
with the launch of the Kitchen Wizz, <strong>Australia</strong>’s<br />
first direct drive food processor and to this day,<br />
Breville’s Kitchen Wizz remains amongst <strong>Australia</strong>’s<br />
best selling food-processors.<br />
For Breville, success has not been limited to<br />
<strong>Australia</strong>, with many Breville developed appliances<br />
enjoying success worldwide. For example, Breville<br />
developed the world’s first Juice Fountain TM , a<br />
juicer with a wide feed tube that removed the need<br />
to cut fruit and vegetables before juicing.<br />
It is Breville’s commitment to<br />
designing innovative appliances that<br />
solve every day needs that has seen<br />
Breville recognised with numerous design<br />
awards worldwide. The 800 Class Citrus<br />
Press, Juice Fountain and Ikon Espresso<br />
Machine have all received the<br />
prestigious <strong>Australia</strong>n Design Award.<br />
Recent international awards include Best<br />
in Category, Kitchen Electrics at the<br />
Housewares Design Awards in New York,<br />
the Chicago Athenaeum Good Design<br />
Award TM and the German iF Design<br />
Award. In addition to receiving design<br />
accolades, the Ikon Kinetix Blender, 800<br />
Class Citrus Press and Espresso Machine are on<br />
display at Sydney’s Powerhouse Museum, to<br />
demonstrate <strong>Australia</strong>n design skill and engineering<br />
ingenuity.<br />
HISTORY<br />
Any history of the Breville Company must<br />
inevitably be linked with the history of the man<br />
who founded and ran it for almost fifty years, W.J.<br />
(Bill) O’Brien.<br />
In 1932, O’Brien and good friend and fellow<br />
engineer, Harry Norville, decided to pool their<br />
resources and start their own business.<br />
It was on Melbourne Cup Day 1932 that “Breville<br />
Radio” was registered with a paid up capital of five<br />
hundred pounds. Breville is a derivative of their<br />
surnames, O’Brien-Norville. Breville Radio<br />
continued to grow and just three years after the<br />
company was established, it moved to larger<br />
premises at Elizabeth Street, Sydney (pictured<br />
above).<br />
24<br />
024-025_breville.p65<br />
24<br />
10/20/2007, 10:20 PM
THE MARKET<br />
The <strong>Australia</strong>n telecommunications market<br />
continues to be a dynamic and fast paced<br />
industry and has never been more fiercely<br />
contested with consumers enjoying many<br />
benefits especially in mobile and broadband<br />
markets.<br />
As the champion of competition Optus<br />
continues to deliver strong results in a<br />
challenging market, with innovative<br />
telecommunications packages and by<br />
creating a range of products for the home,<br />
business, corporate and government and<br />
wholesale sectors.<br />
Optus continues to challenge and push<br />
for sustainable growth by leading the market<br />
in innovation: providing new ways to use<br />
technology coupled with better service and<br />
convenience.<br />
Optus has invested over A$10 billion in network<br />
and infrastructure and has led innovation with<br />
breakthroughs such as the development of TV on<br />
your mobile, the Optus Zoo portal and Optus<br />
Wireless Connect card.<br />
ACHIEVEMENTS<br />
Mobile continues to be a focus within the company<br />
and the Optus mobile digital network continues to<br />
expand every year and now connects more than six<br />
million customers. However the growth of Optus<br />
goes beyond its 2G and 3G mobile network.<br />
Over the past couple of years Optus has<br />
continued to invest in state-of-the-art<br />
infrastructure, including its Unbundled Local Loop<br />
network, D-series satellites, Internet Protocol (“IP”)<br />
core, as well as its customer care systems to<br />
enhance the customer<br />
experience.<br />
As convergence<br />
between broadband<br />
and mobile<br />
technology continues,<br />
Optus is ensuring<br />
consumer’s needs are<br />
met by upgrading its<br />
mobile network to<br />
deliver data services<br />
using High Speed<br />
Downlink Packet<br />
Access (HSDPA).<br />
This investment<br />
ensures that Optus<br />
can offer more leading<br />
edge products and<br />
services.<br />
Optus continues to deliver high speed<br />
broadband internet services, telephony and<br />
subscription television from its own HFC network<br />
as well as rolling out its ADSL2+ exchanges via the<br />
Unbundled Local Loop (ULL) through the<br />
incumbent’s copper network, across the country<br />
bringing competitive services to more customers.<br />
Optus is <strong>Australia</strong>’s only satellite owner and<br />
operator with over twenty years experience<br />
delivering satellite services across the length and<br />
breadth of <strong>Australia</strong>.<br />
Optus expanded its fleet in October 2006 with<br />
the launch of the D1 satellite, the first of the latest<br />
generation Optus D-series satellites – providing<br />
fixed communication<br />
and direct television<br />
broadcast services to<br />
<strong>Australia</strong> and New<br />
Zealand.<br />
Optus’ D2 satellite<br />
is expected to be<br />
launched later this<br />
year and a third D-<br />
series satellite is set<br />
to be delivered in<br />
2009.<br />
HISTORY<br />
Optus commenced<br />
operations in 1992,<br />
winning the second<br />
carrier licence to<br />
become the first private sector company to<br />
challenge Telstra’s monopoly on <strong>Australia</strong>n<br />
telecommunications.<br />
In 1998, Cable & Wireless PLC, who had<br />
been a significant shareholder ever since the<br />
company started, became the majority<br />
shareholder. On November 17 of that year,<br />
the company was listed on the <strong>Australia</strong>n<br />
Stock Exchange as Cable & Wireless Optus<br />
Limited.<br />
In 2000, Cable & Wireless PLC’s long term<br />
strategy had shifted away from supplying<br />
broad based telecommunications<br />
products and CWO was therefore no longer<br />
a core business.<br />
On September 2001, SingTel, the Singaporebased<br />
Asia Pacific regional communications<br />
leader, became the new owner of Optus and<br />
announced that the company would continue to<br />
trade in <strong>Australia</strong> under the Yes Optus banner.<br />
Today, Optus continues to contribute as a<br />
significant member of Asia’s leading communication<br />
company. SingTel and Optus now jointly provide<br />
the global reach and scale, excellent quality and<br />
range of services, reliability as well as stability for<br />
customers.<br />
THE PRODUCT<br />
Optus provides services to over six million<br />
<strong>Australia</strong>n customers every day, providing<br />
telephony, mobile, high speed internet, data<br />
communications, subscription television and<br />
satellite services.<br />
Optus continues to strongly challenge other<br />
mobile operators for market leadership. As mobile<br />
penetration approaches 100 per cent saturation<br />
Optus continues to defend its market position by<br />
increasing its mobile subscriber base to over six<br />
million. Mobile data continues to grow with the<br />
launch of 3G and text messages continue to be an<br />
area of growth especially with the youth market.<br />
What’s more, Optus is committed to the<br />
continuous improvement of coverage, call quality<br />
and data transmission. As mobile and data<br />
technology merge and the convergent revolution<br />
takes place, Optus is positioned to lead customer<br />
76<br />
076-077_optus.p65<br />
76<br />
10/21/2007, 4:29 AM
THE MARKET<br />
<strong>Australia</strong>ns enjoy treating themselves with<br />
confectionery. Chocolate accounts for more<br />
than 57 per cent of all confectionery sales in<br />
<strong>Australia</strong> with an annual retail value of over<br />
$1.7 billion. Cadbury is the biggest player in<br />
chocolate confectionery in <strong>Australia</strong>, with<br />
market leadership in chocolate and total<br />
confectionery 1 .<br />
Confectionery is often purchased on<br />
impulse, and almost 46 per cent of all chocolate<br />
buyers are within the 35 – 54 year age group 1.<br />
Women generally buy more chocolate than<br />
men. Women in the 25 – 39 and 40-54 age groups<br />
are the highest buyers of Cadbury® chocolate<br />
bars 2 . These are usually purchased for self<br />
consumption.<br />
ACHIEVEMENTS<br />
Cadbury is one of the largest chocolate<br />
producers in the world. Since the merger with<br />
Schweppes in 1969, Cadbury Schweppes has<br />
become a major force in international markets. This<br />
position has more recently been fortified by the<br />
acquisition of Adams Confectionery and The<br />
Natural Confectionery Co.<br />
Cadbury spans the globe from its British base,<br />
also operating major businesses across the Asia<br />
Pacific region, including <strong>Australia</strong> and New<br />
Zealand, as well as in the Americas, Europe,<br />
Middle East and Africa.<br />
In <strong>Australia</strong>, Cadbury brands lead<br />
the chocolate confectionery<br />
market with Cadbury Dairy Milk®.<br />
Cadbury Rocky Road represents<br />
the most successful launch in 2006<br />
in the <strong>Australia</strong>n block chocolate<br />
market 3 . Three generations of<br />
<strong>Australia</strong>ns have grown up with the<br />
Cadbury range.<br />
HISTORY<br />
The Cadbury story started in a small grocery shop<br />
in Birmingham, England, opened in 1824 by John<br />
Cadbury, a Quaker. The shop’s most popular<br />
product was cocoa and this led John Cadbury to<br />
move into chocolate manufacturing.<br />
Realising the potential of his business, John<br />
Cadbury and his brother Benjamin formed a<br />
company, Cadbury Brothers. In 1853, they received<br />
the Royal Warrant as manufacturers to Queen<br />
Victoria.<br />
John Cadbury’s sons George and Richard took<br />
control of the business in 1861 and, in 1866,<br />
introduced a new method from Holland for pressing<br />
the cocoa butter from cocoa beans to form cocoa<br />
essence, which was advertised as ‘Absolutely pure<br />
– therefore best’. They produced many new kinds<br />
of chocolates.<br />
Richard Cadbury introduced<br />
ambitious and attractive<br />
designs. He used children<br />
as models and<br />
sometimes<br />
depicted<br />
flowers or<br />
scenes from<br />
holiday journeys.<br />
In 1905 came the launch of Cadbury Dairy<br />
Milk, now the company’s flagship brand. It<br />
was manufactured by a unique process which<br />
used fresh milk in greater quantities than was<br />
previously the case in English chocolate. Of the<br />
three names considered for this new brand –<br />
‘Jersey’, ‘Highland Milk’ and ‘Dairymaid’ – the last<br />
two were amalgamated to form ‘Dairy Milk’. The<br />
Cadbury purple house colour was introduced<br />
at the beginning of the century and by the<br />
1920s was firmly established as Cadbury’s<br />
corporate colour.<br />
In 1919, Cadbury merged with the wellknown<br />
confectionery firm of J.S. Fry & Sons.<br />
The alliance was an outstanding success, and<br />
the new company expanded internationally. In<br />
the 1920s, Cadbury and Fry decided to build a<br />
factory in <strong>Australia</strong> and were joined by Pascall,<br />
another well known confectionery maker. This<br />
new <strong>Australia</strong>n company was called ‘Cadbury-<br />
Fry and Pascall’. Claremont in Tasmania was<br />
chosen for the company’s <strong>Australia</strong>n factory,<br />
because it was close to Hobart and to the finest<br />
dairy pasture in <strong>Australia</strong>, and enjoyed pure air<br />
and moderate temperatures. Cadbury became<br />
the official supplier of chocolate to the<br />
<strong>Australia</strong>n Armed Forces in World War II. The<br />
supply of chocolate to the troops and civilians<br />
required a tremendous effort from Cadbury’s<br />
workers. The Claremont factory worked<br />
throughout the day and well into the night, but the<br />
civilian population still suffered from chocolate<br />
shortages, and stores sometimes went without<br />
chocolate for months at a time.<br />
In 1967 Cadbury acquired MacRobertsons, a<br />
respected <strong>Australia</strong>n confectionery manufacturer<br />
founded in 1880. This move gave Cadbury a major<br />
manufacturing base at Ringwood, Victoria and a<br />
range of unique brands including Cherry Ripe®<br />
and Freddo® Frog, which have become household<br />
names.<br />
In 1969, Cadbury merged with Schweppes<br />
<strong>Australia</strong> to create Cadbury Schweppes. Since then,<br />
Cadbury has acquired the Red Tulip confectionery<br />
company and has expanded its range of fine<br />
products to include the Europe® range of health<br />
bars, the enormous array of Red Tulip® Easter lines,<br />
and famous confectionery brands<br />
including After Dinner Mints.<br />
THE PRODUCT<br />
Cadbury’s core product is top quality<br />
chocolate. The Cadbury Dairy Milk<br />
block is the company’s flagship<br />
product, but there are many other<br />
favourites including Fruit & Nut,<br />
Hazel Nut, Snack® and<br />
Caramello®, as well as Old Gold®<br />
in dark chocolate and Dream® in<br />
white. Cadbury produces a variety of boxed<br />
chocolate assortments, most notably Roses® and<br />
Favourites.<br />
26<br />
026-027_cadburys.p65<br />
26<br />
10/21/2007, 7:25 AM
THE MARKET<br />
<strong>Australia</strong> has for a long time been a nation of proud<br />
beer drinkers. In recent years, there has been a shift<br />
from this tradition, with consumer repertoire<br />
increasing in range and brands. Wine, premium<br />
beers and ready-to-drink products are now regularly<br />
mixed and matched for different occasions.<br />
Although our choices are broadening, the<br />
largest segment of the alcohol market continues to<br />
be mainstream beer. Having a few beers with mates<br />
remains a much-enjoyed part of socialising in<br />
<strong>Australia</strong>. The mainstream beer category growth<br />
has reached a plateau in recent years, however<br />
Carlton Draught is growing against the trend.<br />
ACHIEVEMENTS<br />
Carlton Draught has over the past seven years risen<br />
from being Victoria’s tap beer to one of the fastest<br />
growing mainstream beer brands in <strong>Australia</strong>.<br />
Carlton Draught’s “The Big Ad” represents a<br />
series of firsts for the <strong>Australia</strong>n beer industry. Part<br />
of the “Made from Beer” campaign, it was the first<br />
beer ad of such an enormous scale in <strong>Australia</strong> and<br />
the business’s first ad launched online. It was also<br />
<strong>Australia</strong>’s first beer ad to use Vividas full screen<br />
online streaming technology. This meant beer fans<br />
could view the commercial in exceptional quality<br />
on their computer screens. The Big Ad was also<br />
the first <strong>Australia</strong>n advertisement to use cinematic<br />
crowd generation software, known as ‘Massive’,<br />
to produce the thousands of robed actors in the<br />
commercial.<br />
The achievements from launching the campaign<br />
online were unparalleled. Within 24 hours of going<br />
live, The Big Ad had already been viewed 160,000<br />
times. By the time it aired nationally on television,<br />
the ad had been viewed online an amazing 1.2 million<br />
times. Now more than three million viewings have<br />
taken place.<br />
The beer itself has received accolades, voted<br />
best draught beer two years running (2005 & 2006)<br />
at the <strong>Australia</strong>n Liquor Industry Awards.<br />
HISTORY<br />
The history of Carlton Draught is integral to the<br />
brand’s credibility and the source of much consumer<br />
confidence. With history dating back to the 1860s,<br />
the Carlton brand has been synonymous with beer<br />
since colonial times.<br />
The Carlton Brewery was founded in 1864, with<br />
the bluestone Brewery complete with 80 square feet<br />
of stables to house the now legendary Carlton<br />
Clydesdales. The clip clop of their hooves was a<br />
28<br />
028-029_carlton draught.p65<br />
2<br />
10/21/2007, 1:27 AM
THE MARKET<br />
Colonial First State has been helping investors –<br />
retail, wholesale and institutional – with their<br />
investment needs since 1988. In that time, Colonial<br />
First State has become one of <strong>Australia</strong>’s leading<br />
wealth management brands, managing and<br />
administering more than A$120 billion on behalf of<br />
over 700,000 investors in <strong>Australia</strong> and globally.<br />
At the retail investor level, Colonial First State<br />
gains the majority of its business through financial<br />
advisers. They go through a financial needs<br />
analysis process with their clients and may<br />
recommend Colonial First State’s products and<br />
services. With institutional clients, Colonial First<br />
State deals with Industry and Corporate super<br />
funds, insurance companies, governments,<br />
charities and foundations, schools and universities.<br />
Over the past twenty years, the managed fund<br />
industry has grown astronomically from less than<br />
A$140 billion to over A$1 trillion. In the last ten<br />
years or so, superannuation has become the primary<br />
means of providing for retirement, and <strong>Australia</strong>ns<br />
have sought to increase their wealth through the<br />
professional management, diversification and cost<br />
effectiveness that managed funds can provide.<br />
Up until relatively recently, investors seeking<br />
diversification had to invest with several different<br />
investment managers. To overcome this<br />
administrative difficulty, ‘investment platforms’<br />
evolved. These platforms provide a choice of<br />
managed funds from different investment managers<br />
plus consolidated trading and reporting. These<br />
were complex in structure at the beginning. To<br />
address this, Colonial First State launched<br />
‘FirstChoice’ in 2002, a ‘category killer’<br />
portfolio management service which<br />
revolutionised the platform<br />
industry.<br />
ACHIEVEMENTS<br />
Colonial First State has been a highly recognised<br />
investment manager from its early operations in<br />
1988. After receiving several awards for its<br />
<strong>Australia</strong>n share investment management, it<br />
became Money Management’s Fund Manager of<br />
the Year in 1996, and has won a major ‘Fund<br />
Manager of the Year’ award five times – Money<br />
Management 1996, 1998, 1999, and Personal<br />
Investor 2002 and 2005.<br />
The breadth of Colonial First State’s investment<br />
management expertise can be seen in the number<br />
of individual awards the company has collected<br />
over the years. Colonial First State is one of<br />
<strong>Australia</strong>’s most consistently awarded investment<br />
managers, winning 30 major fund manager awards<br />
over the last 5 years to 2007.<br />
In more recent times, investors and their financial<br />
advisers have been placing increased importance<br />
on efficient administration, reporting and online<br />
functionality. Colonial First State’s FirstChoice<br />
platform leads the market in efficient administration,<br />
which is one of the reasons why the ASSIRT/<br />
Wealth Insights Adviser Market Trends Report<br />
(2006) found that half of those financial advisers<br />
surveyed used FirstChoice to meet the<br />
investment needs of their clients.<br />
HISTORY<br />
In 1993, you could have<br />
bought State Bank’s<br />
funds management<br />
business, First<br />
State, for a<br />
few million dollars. In 1994, it was sold cheaply by<br />
the NSW Government owner. Yet almost by<br />
accident, in a few short years after it was acquired<br />
by Colonial, it became the <strong>Australia</strong>n financial<br />
markets success story of the 1990s. By the dawn of<br />
the new century, the funds manager was the focal<br />
point of the Commonwealth Bank’s successful bid<br />
for Colonial.<br />
In the following years it was renamed Colonial<br />
First State Investment Managers (Colonial First<br />
State) and came to be regarded as being without<br />
peer among <strong>Australia</strong>n share fund managers.<br />
In more recent times, two businesses have been<br />
behind the Colonial First State brand. The new<br />
investment management division, Colonial First<br />
State Global Asset Management is pursuing a<br />
global growth strategy, and Colonial First State<br />
Investments focuses on the <strong>Australia</strong>n retail market.<br />
THE PRODUCT<br />
Colonial First State’s product range spans<br />
investments, superannuation, retirement and<br />
margin lending. Its broad investment management<br />
expertise extends across <strong>Australia</strong>n and global<br />
shares, cash, fixed interest and credit, property<br />
securities, hedge funds, direct property, private<br />
equity, global resources and infrastructure.<br />
With its investment management capabilities,<br />
Colonial First State Global Asset Management<br />
employs more than 190 investment professionals<br />
located in Sydney, London, Auckland, Edinburgh,<br />
New York, Singapore, Hong Kong and Jakarta. It’s<br />
also represented in Beijing and Shenzen through<br />
the First State Cinda joint venture.<br />
FirstChoice, Colonial First State’s portfolio<br />
management service, is available in four categories<br />
– investments, personal super, employer super and<br />
pensions. The key tenets behind the success of<br />
FirstChoice – growing to over $40 billion in funds<br />
under administration in only 5 years – are great<br />
value for money, exceptional customer service and<br />
relevant investment choice of both well-known<br />
investment brands and specialist boutiques. In the<br />
30<br />
030-031_colonial first state.p65<br />
30<br />
10/21/2007, 1:30 AM
THE MARKET<br />
The <strong>Australia</strong>n cosmetics and toiletries retailing<br />
market is worth around $1,780 million per annum<br />
having been boosted by healthy household<br />
consumption expenditure levels on cosmetics,<br />
perfumes, soap products and other toiletries in<br />
recent years. In 2007/08 the industry is expected to<br />
grow at a rate of 4 per cent and generate revenues<br />
of $1,850 million.<br />
Industry analysts anticipate continued growth<br />
in the value of the toiletries market, as the consumer<br />
base is continually expanding to both younger and<br />
older customers. Skin care is the sector expected<br />
to show the best rate of growth as technological<br />
advances promise the youthful appearance craved<br />
by all.<br />
The three market sectors in which Crabtree &<br />
Evelyn competes are buoyant, as consumers<br />
increasingly seek products to indulge and restore<br />
themselves. It operates in Health and Beauty,<br />
(including soaps, bath and shower gels, spa, body<br />
lotions and creams as well as the recent introduction<br />
of hand and foot treatments); Home Fragrance,<br />
(including candles, room sprays and draw liners);<br />
and Fine Foods, (including marmalade, preserves,<br />
teas and biscuits).<br />
ACHIEVEMENTS<br />
Crabtree & Evelyn’s strategic goal has been to<br />
establish its name as one of the most familiar and<br />
respected personal care brands in the world. Today<br />
the company has a presence in 40 countries<br />
including the UK, US, Canada, Mexico, most of<br />
Western Europe, the Middle East, Far East,<br />
<strong>Australia</strong>, and New Zealand.<br />
Crabtree & Evelyn products are sold in<br />
approximately 350 stores worldwide, with 25 stores<br />
in <strong>Australia</strong> and online shopping facilities through<br />
www.crabtree-evelyn.com.au. Selected products<br />
are also available in major department stores and<br />
specialty retailers.<br />
Selected Crabtree & Evelyn products hold the<br />
Royal Warrant from H.R.H. The Prince of Wales, in<br />
recognition of its services as a supplier of fine<br />
toiletries.<br />
A significant milestone for Crabtree & Evelyn<br />
was the launch of its first ever patent-pending<br />
product, Hand Recovery, in 2002. This<br />
revolutionary treatment product exfoliates,<br />
cleanses and conditions in one simple step to give<br />
soft and smooth hands within 60 seconds. The<br />
benefit-driven Hand Recovery product was an<br />
instant hit and has brought more<br />
customers back through the<br />
door than any other product<br />
in recent years. The Hand<br />
Recovery is available in the<br />
four of Crabtree & Evelyn’s<br />
most popular ranges –<br />
Gardeners, La Source,<br />
Goatmilk and Jojoba.<br />
HISTORY<br />
Many people are<br />
curious about the<br />
brand’s name. It is inspired by the 17th Century<br />
renaissance Englishman John Evelyn, who wrote<br />
one of the first important works on conservation.<br />
He is also known for his writings on food including<br />
a book on salads, in which he introduced the first<br />
salad dressing made with olive oil to Europe. The<br />
Crabtree or Wild Apple symbol is native to Britain<br />
and the ancestor of all cultivated apple trees. It<br />
was highly prized for its beauty as well as its<br />
usefulness in home apothecary.<br />
The foundation of Crabtree & Evelyn products<br />
are influenced by the English ‘still rooms’ of the<br />
17th Century, where the lady of the house would<br />
distill fresh flowers, herbs and fruits to create<br />
fragrant waters for the bath, soothing essences for<br />
the skin and fruit preserves and sauces for the<br />
kitchen. To this day, it is this unique relationship to<br />
the garden and nature that Crabtree & Evelyn<br />
diligently seeks to preserve - Englishness is one of<br />
the core values of the brand.<br />
Crabtree & Evelyn originated from a single, family<br />
run store in Boston, Massachusetts, specialising<br />
in soaps. Crabtree & Evelyn prides itself on the<br />
fact that long before the ‘natural’ and ‘wellness’<br />
movements became popular in the cosmetics and<br />
toiletries industry, Crabtree & Evelyn was<br />
producing ranges featuring fruit, flower and plant<br />
essences.<br />
Crabtree & Evelyn believes that each age has<br />
its own wisdom to contribute to that body of<br />
knowledge that it calls heritage. That is why<br />
innovation is also a long standing tradition at<br />
Crabtree & Evelyn. In creating each new generation<br />
of products, it continues to draw upon its rich<br />
heritage and accumulated knowledge of plants and<br />
botanicals, while making use of emerging<br />
technologies to produce the purest and most<br />
effective products possible for its customers.<br />
THE PRODUCT<br />
In bath and body care, Crabtree & Evelyn uses<br />
extracts, oils and essences of flowers, fruits and<br />
herbs, not only for their fragrance but also for their<br />
time tested natural benefits. For the home, candles,<br />
linen and room sprays, draw liners and fragrance<br />
diffusers are designed to lightly scent each room<br />
with a favourite fragrance. Decorative accessories<br />
accentuate any room with exclusive designs.<br />
Gourmet foods made with the freshest ingredients<br />
recreate time tested recipes from England and<br />
Europe. Hand made English preserves, biscuits and<br />
teas bring a touch of delicious taste at any time of day.<br />
A specialty that Crabtree & Evelyn is famous<br />
for is its extensive collection of gifts. Special<br />
touches include exquisite hatboxes that feature<br />
decorative watercolour motifs of flowers, fruits and<br />
plants, sealed with silk ribbons and Bijou boxes<br />
that open like lotus flowers, as well as<br />
monogrammed shave keys for men. All these little<br />
things ensure that each gift can be treasured long<br />
after the contents are finished. Whether treating<br />
oneself or another, Crabtree & Evelyn’s gifts are<br />
always designed to surprise and delight; a gift from<br />
Crabtree & Evelyn always shows impeccable taste.<br />
RECENT DEVELOPMENTS<br />
Crabtree & Evelyn is constantly improving its<br />
product ranges and launching innovative new<br />
products to create more cohesive collections,<br />
building on its proven strengths of quality and<br />
originality.<br />
32<br />
032-033_crabtree & evelyn.p65<br />
32<br />
10/21/2007, 1:38 AM
THE MARKET<br />
Whether sharing with friends, giving as a gift or<br />
savouring a well-earned treat, confectionery is<br />
enjoyed by nine out of ten <strong>Australia</strong>ns regularly.<br />
Milk chocolate is still the most popular variant,<br />
followed by dark then white chocolate. A notable<br />
trend is the increasing number of people switching<br />
to dark chocolate – this is due to the growing taste<br />
for dark chocolate, plus it is seen as the ‘healthier’<br />
alternative as it is higher in antioxidant flavonoids<br />
than milk chocolate.<br />
Darrell Lea is one of only a handful of chocolate<br />
manufacturing retailers in <strong>Australia</strong>, and the world.<br />
Having their own network of retailing stores allows<br />
them to have the highest level of control over quality<br />
and presentation of their products, whilst ensuring<br />
that their customers receive an exceptional level of<br />
service and attention.<br />
ACHIEVEMENTS<br />
From humble beginnings selling confectionery from<br />
a pushcart, Darrell Lea now has a national presence<br />
of more than 1000 company owned stores and<br />
partner outlets across <strong>Australia</strong>, whilst employing<br />
more than 1000 people to support national and<br />
international operations.<br />
In 2000 the company expanded<br />
into the export market with their first<br />
shipment of liquorice to North<br />
America. Darrell Lea liquorice is now<br />
sold in over 10,000 outlets around the<br />
world, largely in the key markets of<br />
the US, UK and Canada. In just four<br />
years liquorice exports have grown<br />
to 12% of total revenue.<br />
With demand for their unique Soft<br />
Eating Liquorice<br />
continuing to grow,<br />
the company has<br />
been credited with<br />
creating a new soft<br />
eating niche category<br />
within the global<br />
liquorice market.<br />
In 2007, Darrell<br />
Lea celebrates its<br />
80th birthday. The<br />
company remains a<br />
100% wholly owned<br />
(4th generation)<br />
<strong>Australia</strong>n family<br />
business.<br />
HISTORY<br />
The origins of the Darrell Lea company started in<br />
the early 1900s when Harry Lea mastered the art of<br />
confectionery making in Perth with his first creation,<br />
Bulgarian Rock, which he sold in a simple street<br />
pushcart.<br />
Harry then established a fruit and vegetable shop<br />
in Sydney’s Manly area. But as the Great Depression<br />
approached and business dwindled, particularly<br />
during the winter, Harry and his family started to<br />
cook Bulgarian Rock and Peanut Brittle at the back<br />
of the fruit shop. It<br />
was an instant hit!<br />
In 1927 the first<br />
dedicated confectionery<br />
shop (named<br />
after Harry’s<br />
youngest son –<br />
Darrell) was opened<br />
in Sydney’s Haymarket.<br />
On most days<br />
the shop sold out by<br />
early afternoon and<br />
the family started<br />
cooking in the<br />
kitchen out the back<br />
for the next day.<br />
During the<br />
Depression years of the 1930’s the company<br />
expanded its Sydney stores. Confections were<br />
delivered to these stores twice a day, originally by<br />
horse and cart and later by Model T Ford.<br />
The 1950’s saw Darrell Lea’s iconic Rocklea<br />
Road® made for the first time from the Lea family<br />
recipe. In 1957 the now famous Darrell Lea shop on<br />
the corner of King and George Street in Sydney<br />
was opened as the NSW flagship store. In the same<br />
year the family first developed and sold their unique<br />
Soft Eating Liquorice.<br />
Business continued to prosper and a large<br />
factory was established in Kogarah, NSW. By this<br />
time flagship stores had opened in the key<br />
metropolitan cities. They are all still operational to<br />
this day.<br />
On October 30, 1980, a disastrous<br />
fire destroyed 90% of the manufacturing<br />
facilities at Kogarah. By<br />
1982 the factory was rebuilt and<br />
equipped with new, modern<br />
machinery. Manufacturing is still<br />
carried out at this site today.<br />
The 1990s saw new stores<br />
continue to be opened around<br />
<strong>Australia</strong>, as Darrell Lea underwent<br />
34<br />
034-035_darrell lea.p65<br />
34<br />
10/21/2007, 1:44 AM
THE MARKET<br />
<strong>Australia</strong>n owned and operated,<br />
Domino’s Pizza Enterprises Limited<br />
(“Domino’s”) and its franchisees<br />
operate more than 660 stores across<br />
<strong>Australia</strong>, New Zealand, France,<br />
Belgium and the Netherlands.<br />
Across these markets, the<br />
Company and its franchisees<br />
employ more than 16,000 casual and<br />
full-time staff, making over 60<br />
million pizzas each year.<br />
Domino’s operates within the<br />
Quick Service Restaurant (QSR)<br />
pizza segment of the fast food<br />
market. According to Euromonitor,<br />
the <strong>Australia</strong>n fast food market grew<br />
from $7,763 million in 2000 to an<br />
estimated $9,030 million in 2004 and<br />
is estimated to grow to $10,287<br />
million by 2008.<br />
Domino’s estimates the value of the <strong>Australia</strong>n<br />
pizza market, comprising QSR outlets, small chains<br />
and independents, at more than $1.6 billion. The<br />
<strong>Australia</strong>n QSR pizza market was estimated by BIS<br />
Shrapnel to be worth more than $663 million in 2004,<br />
equating to approximately 40% of the <strong>Australia</strong>n<br />
pizza market and approximately 7.3% of the total<br />
<strong>Australia</strong>n fast food market.<br />
<strong>Australia</strong>’s only publicly-listed pizza chain,<br />
Domino’s Pizza Enterprises Ltd is the largest<br />
international franchisee for Domino’s Pizza Inc; a<br />
global brand founded by Thomas and James<br />
Monaghan in 1960 in the United States. Domino’s<br />
Pizza Inc is the recognised leader in pizza delivery,<br />
operating a network of over 8,000 stores in more<br />
than 50 countries.<br />
ACHIEVEMENTS<br />
Since its inception, Domino’s has delivered a series<br />
of products and innovations which have<br />
revolutionised the <strong>Australia</strong>n pizza industry.<br />
Pizza Delivery<br />
Domino’s was the first in <strong>Australia</strong> to introduce<br />
home pizza delivery in 1980. This concept soon<br />
proved extremely popular, prompting competitors<br />
to follow suit.<br />
Hot Cell Bags<br />
Introduced in 2000, Domino’s’ Hot Cell bags were<br />
<strong>Australia</strong>’s first electronic hot bags for pizza delivery.<br />
Using a patented state-of-the-art heating element<br />
and special insulation material, Domino’s Hot Cell<br />
works like a portable oven ensuring pizza is delivered<br />
up to 20 per cent hotter.<br />
Classic Crust<br />
Designed to fill the gap between Deep Pan and<br />
Thin ‘n’ Crispy bases, the Classic Crust was<br />
introduced in 2002 by Domino’s CEO Don Meij.<br />
The pizzeria-style crust now<br />
accounts for almost half of all<br />
Domino’s sales.<br />
Pizza College<br />
Domino’s has partnered with<br />
the Gold Coast Institute of<br />
TAFE and its corporate<br />
business division, OSR<br />
Business Solutions, to offer<br />
Domino’s team members<br />
accredited training courses<br />
and nationally recognised<br />
qualifications. This initiative<br />
has been designed to drive<br />
performance, support<br />
personal and professional<br />
growth and enhance<br />
relationships among employees,<br />
customers and partners.<br />
Partners Foundation<br />
The Partners Foundation is the<br />
Company’s internal charity,<br />
assisting team members in times of<br />
tragedy. The Foundation has<br />
donated more than $240,000 to over<br />
100 team members who have fallen<br />
on hard times. The Partners<br />
Foundation reflects Domino’s<br />
culture of camaraderie, passion, and<br />
support.<br />
Domino’s Luv Lab<br />
The Domino’s Luv Lab is<br />
<strong>Australia</strong>’s first dedicated pizza<br />
research and development kitchen.<br />
The Luv Lab specialises in<br />
designing systems, food and<br />
equipment, and ensures quality,<br />
consistency, efficiency and safety<br />
across all stores by focusing on quality assurance<br />
and occupational health and safety.<br />
Internet and Mobile Phone Ordering<br />
Domino’s launched mobile phone ordering in<br />
September 2005, allowing pizza lovers to order on<br />
the run. Shortly afterwards, it became the first major<br />
pizza chain to offer its customers nationally the<br />
convenience of ordering online. Customers can also<br />
watch the progress of their pizzas online in real<br />
time with a special “anticipation clock”.<br />
First Listed Pizza Maker<br />
In May 2005, Domino’s became the first <strong>Australia</strong>n<br />
pizza maker to list on the <strong>Australia</strong>n Stock Exchange.<br />
This move helped to spur Domino’s’ expansion into<br />
new markets, including New Zealand and Europe.<br />
36<br />
036-037_Dominos.p65<br />
36<br />
10/22/2007, 3:58 PM
THE MARKET<br />
More than 58 million books were sold in <strong>Australia</strong><br />
last year (2006) with a value of just over $1.1 billion<br />
representing over 320,000 titles. Dymocks has a<br />
large and growing share of this market.<br />
With 74 stores in <strong>Australia</strong>, the Dymocks group<br />
represents some 16% of the book retail market.<br />
The Dymocks website attracts some 11,000<br />
visitors every day! It also features the<br />
merchandising and marketing strategies of the<br />
Dymocks stores. The www.dymocks.com.au<br />
website is a successful and growing sales channel<br />
and according to Hitwise (June 2007) the Dymocks<br />
website annually ranks in the top two websites<br />
within the category of <strong>Australia</strong>n book sellers.<br />
ACHIEVEMENTS<br />
Dymocks Booksellers currently have 74 stores<br />
across <strong>Australia</strong>. The Dymocks store which opened<br />
in Hobart, Tasmania in 2000 made Dymocks truly<br />
national with Dymocks in every state and territory.<br />
The past five years have seen Dymocks expand<br />
internationally to a total of 5 book stores in New<br />
Zealand and 11 in Hong Kong. Overall, there are 90<br />
Dymocks stores. This has been a<br />
significant achievement for<br />
Dymocks, with plans to keep<br />
expanding both within <strong>Australia</strong><br />
and overseas.<br />
There are flagship stores in all<br />
State capital CBDs . These stores,<br />
along with expansion into key<br />
metropolitan and regional centres,<br />
are part of an overall brand<br />
strategy to consolidate Dymocks’<br />
market presence.<br />
The merchandising and<br />
marketing strategy provides<br />
focus for Dymocks based on<br />
proven retail principles and it<br />
continues to support Dymocks’<br />
position well into the future.<br />
Dymocks partnership alliances<br />
with credible and well-respected<br />
businesses continue to be<br />
successful for example SBS, with<br />
an SBS display in every Dymocks<br />
store; The <strong>Australia</strong>n Stock<br />
Exchange and ABC Centres in a<br />
number of stores.<br />
HISTORY<br />
The grand Dymocks George Street<br />
store, built in 1930, is Sydney’s<br />
greatest bookstore. Its origins began in 1879 when<br />
young William Dymock commenced business as a<br />
bookseller in nearby Market Street. As his business<br />
grew, he moved to larger and grander premises until,<br />
in the 1890s, he had a million books in stock. William<br />
Dymock died in his thirty-ninth year. Unmarried<br />
and childless, he left the business to his sister<br />
Marjory, who was married to John Forsyth. From<br />
that time onwards, the Forsyth family has managed<br />
Dymocks.<br />
In 1981, John Forsyth, William Dymock’s great<br />
grand nephew, decided to take over the company,<br />
selling his own successful printing and publishing<br />
business. After investigating book retailing around<br />
the world, he implemented major changes to the<br />
old store. Specially designed gondolas and displays<br />
were built, colour corrected lighting was introduced<br />
and the most sophisticated computerised customer<br />
enquiry service for books in the English speaking<br />
world was developed and installed.<br />
In 1986, the Dymocks Franchise System was set<br />
up, allowing people to have their own piece of this<br />
great bookselling tradition. At the same time,<br />
www.dymocks.com.au was being developed as the<br />
most successful <strong>Australia</strong>n bookselling site and<br />
consistently one of the most visited sites on the<br />
Internet. It is a reaffirmation of the Dymocks history<br />
of applying modern retailing techniques to a proud<br />
century-old tradition.<br />
THE PRODUCT<br />
As a family owned business and the oldest<br />
<strong>Australia</strong>n owned book store, Dymocks prides itself<br />
on meeting the book buying needs for all<br />
38<br />
038-039_dymocks.p65<br />
38<br />
10/21/2007, 1:50 AM
THE MARKET<br />
<strong>Australia</strong>ns are unplugged. They play,<br />
communicate, calculate and plan all with<br />
the help of portable power. Energizer®<br />
batteries power the lifestyle of this on-thego<br />
society. In fact, the average <strong>Australia</strong>n<br />
household owns more than ten batteryoperated<br />
devices, and that number<br />
continues to climb. In a technological game<br />
of leapfrog, devices evolve as battery<br />
power improves and battery power<br />
improves to make way for the next<br />
evolution of gadgets and gizmos.<br />
More devices with added bells and<br />
whistles are certainly one trend that drives<br />
the category. Smaller devices are another.<br />
For example, music machines once the size<br />
of a small suitcase now fit in the palm of<br />
the hand. This trend toward<br />
miniaturisation has made AA and AAA size<br />
batteries the workhorses of the category,<br />
making up more than half of the battery<br />
market.<br />
In short, there is an ever-increasing<br />
demand for reliable batteries that can keep pace<br />
with today’s mobile lifestyles. Energizer continues<br />
to be the leading premium alkaline power source<br />
that “never says die”.<br />
ACHIEVEMENTS<br />
Energizer invented alkaline batteries in the late 1950s<br />
and has continued to enhance them over the years.<br />
Since 1960, the service life of an Energizer battery<br />
has improved dramatically. Anticipating the trend<br />
toward high-tech devices, Energizer led the<br />
industry in designing batteries to meet the power<br />
requirements of these sophisticated devices.<br />
The company continues to innovate in all<br />
segments of the battery category. Energizer was<br />
the first company to design and introduce a superpremium<br />
battery, the Energizer® e²; harness the<br />
power of lithium in a AA cell size; and to<br />
revolutionise the rechargeable category when it<br />
introduced high-powered Nickel Metal Hydride<br />
(NiMH) cells.<br />
Energizer is the world’s largest manufacturer of<br />
batteries and portable lighting products.<br />
Energizer products are distributed in more than<br />
160 countries and the company manufactures<br />
nearly one out of three batteries sold in the world.<br />
HISTORY<br />
More than a century ago in the 1890s, Joshua Lionel<br />
Cohen began selling his latest invention. This was<br />
a tiny battery-and-bulb device used to illuminate<br />
flowers in a pot, and Conrad Hubert, who operated<br />
a New York City restaurant, was so impressed that<br />
he quit his job to sell the devices for Cowen. When<br />
the power failed in a restaurant where Hubert<br />
had just installed the flowerpots, he had an<br />
inspiration—put the “flowerpot lights” in<br />
people’s hands. And the seeds for Eveready<br />
Battery Company—and<br />
portable power—were planted.<br />
Hubert acquired the patent for<br />
the first Eveready® “electric<br />
hand torch” in 1898. His first<br />
flashlights were handmade,<br />
consisting of a dry cell battery, a<br />
bulb, and a rough brass reflector<br />
inside a paper tube. By 1900, his flashlights were<br />
being sold in London, Montreal, Paris, Berlin - and<br />
Sydney.<br />
Hubert’s company became American Ever<br />
Ready in 1905 to emphasise the dependability of<br />
its flashlight products and merged in 1914 with<br />
National Carbon Company. The newly<br />
formed company, which was the only<br />
manufacturer specialising in both battery<br />
and lighting products, merged with Union<br />
Carbide Company three years later, and,<br />
as it expanded, the company’s “Eveready”<br />
brand name became synonymous with<br />
power and reliability.<br />
Over the course of several decades, the<br />
company continued to grow, focusing<br />
upon its strong reputation as the<br />
dependable battery that a consumer could<br />
trust.<br />
The batteries were certainly reliable, but<br />
one young, persistent scientist knew they<br />
could be better, and his work launched a<br />
new era for the company. Assigned to an<br />
existing Eveready division in 1957, Lew<br />
Urry soon began to focus on an entirely<br />
new chemical system—a system known<br />
today as alkaline.<br />
Urry made a mock-up of an alkaline<br />
battery from an empty flashlight shaft,<br />
inserted it into a toy car and tested it on<br />
the cafeteria floor- and the rest is history! Today<br />
alkaline batteries are the top selling standard battery<br />
in <strong>Australia</strong>.<br />
40<br />
040-041_energizer.p65<br />
40<br />
10/21/2007, 1:53 AM
THE MARKET<br />
Energy<strong>Australia</strong> is one of <strong>Australia</strong>’s largest energy<br />
retailers, supplying energy to more than 1.4 million<br />
homes and businesses in New South Wales, the<br />
ACT and Queensland.<br />
Every day more than three million <strong>Australia</strong>ns<br />
receive their energy from its network of substations<br />
and cables – which is the largest electricity network<br />
in <strong>Australia</strong>.<br />
Prior to the start of industry deregulation in 1996,<br />
a customer’s electricity supplier was determined<br />
purely by the location of their premises. Prices were<br />
fixed and service provision was determined by<br />
geographical monopoly.<br />
Although large business users of electricity<br />
were one of the first groups to be able to<br />
choose their supplier, full retail competition<br />
began in January 2002. Residential and small<br />
business customers in New South Wales and<br />
Victoria were able to choose their electricity<br />
and gas supplier for the first time.<br />
Market deregulation resulted in a<br />
significant increase in competition, putting<br />
pressure on prices and margins. It marked<br />
the beginning of an entirely new era for the<br />
energy industry.<br />
ACHIEVEMENTS<br />
Since the start of full retail competition, the<br />
challenge for Energy<strong>Australia</strong> has been to<br />
protect its established customer base while<br />
winning new customers from its competitors.<br />
The company developed a sales model<br />
which set new industry benchmarks, as well<br />
as attracting the interest of other utilities and<br />
government agencies.<br />
Energy<strong>Australia</strong> was open and transparent in<br />
communicating that customers had choice. This<br />
approach helped Energy<strong>Australia</strong> to consolidate<br />
its market position as ‘energy experts’. The company<br />
continues to record sizeable gains in brand<br />
recognition, general awareness and brand<br />
preference.<br />
Energy<strong>Australia</strong> was one of the first energy<br />
companies to come up with renewable energy<br />
options for its customers which it commenced in<br />
1996. In 2006/07 the company delivered 4.6 million<br />
tonnes of greenhouse gas abatement, which is equal<br />
to removing about 1 million cars from the road for<br />
one year (<strong>Australia</strong>n Greenhouse Office estimates<br />
4.48 tonnes CO 2<br />
-e/year).<br />
As well as providing a safe, reliable source of<br />
energy to customers, Energy<strong>Australia</strong> is committed<br />
to helping them to make more informed choices<br />
about their energy use by giving them the power to<br />
reduce their electricity bills and their impact on the<br />
environment.<br />
Residential energy efficiency remains a focus of<br />
the Energy<strong>Australia</strong> EnergySave program, and it<br />
has been identified as the most cost effective way<br />
of reducing greenhouse gas emissions. The<br />
program helps customers to make informed choices<br />
about their energy use, and rewards energy saving<br />
behaviour. EnergySave initiatives include an<br />
EnergyWise Newsletter, which offers tips, safety<br />
messages and information; a web-based Energy<br />
Usage Gauge; the EnergySave service which offers<br />
a home energy audit as well as energy saving<br />
devices; the Spare Fridge Retirement Program; and<br />
the Hot Water Awareness campaign.<br />
Energy<strong>Australia</strong> employs over 5,200 staff and is<br />
the largest direct employer of apprentices in NSW.<br />
Through targeted programs and sponsorships<br />
such as the award-winning Aboriginal and Torres<br />
Strait Islander (ATSI) Pre-Apprentice Training<br />
Program, Energy<strong>Australia</strong> has doubled ATSI<br />
representation in its workforce in the past two years.<br />
HISTORY<br />
Energy<strong>Australia</strong> was established in March 1996<br />
after a merger between Sydney Electricity and Orion<br />
Energy (Newcastle). Prior to this, the provision of<br />
electricity for the Sydney area was controlled by<br />
the respective councils.<br />
Energy<strong>Australia</strong> is now one of the largest energy<br />
services companies in <strong>Australia</strong>, providing broadbased<br />
energy solutions ranging from electricity and<br />
gas supply, to energy management and renewable<br />
energy alternatives.<br />
In 2004 Energy<strong>Australia</strong> celebrated the<br />
Centenary of Electricity -100 years since the<br />
introduction of electric streetlights in Sydney. While<br />
that basic electric technology remains the same over<br />
a century later, the distribution end of the electricity<br />
supply chain is undergoing a revolution. Electricity<br />
planners are rethinking the role of the network –<br />
the substations, poles and wires - in meeting the<br />
challenge of climate change. This will hasten the<br />
development of a network that is more efficient and<br />
one that gives more power and control to<br />
customers. Energy<strong>Australia</strong> calls this the network<br />
of the future, and its current rollout of smart meters<br />
marks the beginning of this new era.<br />
THE PRODUCT<br />
Energy<strong>Australia</strong>’s product offering has<br />
continued to evolve – responding to<br />
changing customer demands, a rapidly<br />
growing population and the need to be more<br />
environmentally aware.<br />
The company has moved from simply<br />
supplying electricity to become one of the<br />
largest energy suppliers in <strong>Australia</strong> providing<br />
broad-based energy solutions. It is<br />
responsible for providing and managing<br />
electricity infrastructure for the Sydney,<br />
Central Coast and Hunter regions in NSW;<br />
purchasing and supplying electricity and gas;<br />
purchasing and supplying energy from<br />
“green” sources; electrical contracting and<br />
engineering; connecting customers; local<br />
repairs; and major capital works.<br />
Over the last 60 years household demand<br />
42<br />
042-043_energy aust.p65<br />
42<br />
10/21/2007, 1:57 AM
THE MARKET<br />
The car market in <strong>Australia</strong> is booming, consistently<br />
achieving record annual sales. According to the<br />
forecast from the Federal Chamber of Automotive<br />
Industry (FCAI), 2007 will see sales reach one<br />
million vehicles for the first time ever. This boom is<br />
driven partly by the fact that vehicle affordability is<br />
at record levels.<br />
Rising fuel costs and changing consumer<br />
lifestyles have also created a dramatic shift in<br />
customer buying preferences with small cars<br />
accounting for over 20% of all new cars sold in<br />
<strong>Australia</strong> in 2007, up from 15.4% in 1998.<br />
With its extensive range of vehicles, Ford has a<br />
very healthy share of that market. In 2006, one in<br />
every eight new passenger vehicles sold in<br />
<strong>Australia</strong> was a Ford.<br />
ACHIEVEMENTS<br />
Henry Ford didn’t invent the automobile, although<br />
you could be forgiven for thinking that he did.<br />
What set Ford apart from the huge number of car<br />
manufacturers operating in the United States in the<br />
early 1900s was his unique understanding of the<br />
potential role of the car in society.<br />
Before Ford, cars were luxury items,<br />
manufactured and marketed as “toys for the rich”.<br />
In fact in 1902, a year before Henry Ford introduced<br />
his Model A, there was only one car on the road for<br />
every 1.5 million people.<br />
Henry Ford’s great stroke of genius was<br />
recognising that by mass-producing simple, reliable<br />
automobiles he could make motoring affordable for<br />
everyone. Inspired by this vision, he invented the<br />
moving automotive assembly line which, along with<br />
the legendary Model T, changed society forever.<br />
Before long a car was simply a part of the lifestyle<br />
that Americans – and then the world – expected.<br />
<strong>Australia</strong>, with its vast distances and limited<br />
transport infrastructure, was one of the countries<br />
that benefited the most from Henry Ford’s<br />
innovation.<br />
<strong>Australia</strong>ns adopted the car with great<br />
enthusiasm and as long ago as 1967 the 1,000,000th<br />
<strong>Australia</strong>n built Ford was produced.<br />
Ford was No. 1 in <strong>Australia</strong> in passenger vehicle<br />
sales for 16 years in a row, from 1982 to 1997.<br />
It wasn’t just a matter of mass production, either.<br />
In 1983, Ford won the <strong>Australia</strong>n Design Award for<br />
its Falcon/Fairlane/LTD range, the first time a motor<br />
vehicle had been honoured in this way.<br />
Among the many awards Ford garnered over<br />
the years, one of the most significant was the<br />
Wheels Car of the Year award which was won by<br />
BA Falcon in 2002.<br />
The Territory, launched in 2004, has impressed<br />
motoring organisations from around <strong>Australia</strong> and<br />
earned itself some of <strong>Australia</strong>’s most prestigious<br />
motoring awards. With innovation evident in every<br />
detail, the Territory also won the <strong>Australia</strong>n Design<br />
Award for 2004. Judges were impressed by its<br />
groundbreaking design, incorporating the handling<br />
of a sedan, versatility of a SUV and the flexibility of<br />
a people mover. And when it came to the coveted<br />
Wheels magazine Car of the Year Award, Territory<br />
beat the competition to be named the 2004 Car of<br />
the Year. Territory amazed even more judges at the<br />
2004 and 2005 <strong>Australia</strong>’s Best Cars Awards, winning<br />
<strong>Australia</strong>’s Best Recreational 4WD Award for its<br />
overall design, function, performance and value for<br />
money. The Territory continues to be the best selling<br />
medium Sports Utility Vehicle in <strong>Australia</strong>.<br />
HISTORY<br />
Henry Ford grew up on a farm in Michigan where<br />
he fell in love with all things mechanical and dreamed<br />
of endless new possibilities. He sold his first car, a<br />
Model A, in 1903. Five years later his Model T would<br />
change transportation forever and eventually make<br />
cars affordable for the vast majority of people. The<br />
efficiencies of the assembly line he designed drove<br />
the price of the Model T down from $825 to just<br />
$269 by 1922.<br />
Ford has been in <strong>Australia</strong> almost from the very<br />
beginning. Its cars have been sold in <strong>Australia</strong> since<br />
1904. The Ford Motor Company of <strong>Australia</strong> was<br />
established on March 31, 1925.<br />
Today, Ford <strong>Australia</strong> directly employees around<br />
5,000 people in design, development, marketing and<br />
sales, administration, manufacturing and assembly<br />
facilities across <strong>Australia</strong>. Ford has 230 Dealers<br />
around <strong>Australia</strong> and operates regional offices in<br />
each major capital city. The makeup of the workforce<br />
at the Campbellfield manufacturing assembly plant<br />
is one of the most diverse in the Ford world; the<br />
plant employs workers from 65 different<br />
nationalities.<br />
The name <strong>Australia</strong>ns tend to associate most<br />
strongly with Ford would have to be ‘Falcon’. Ford<br />
began production of the Falcon in 1960 and the<br />
nameplate continues to this day. Seven generations<br />
of the Falcon have been produced.<br />
Falcon, Falcon Ute and Territory are among the<br />
very few cars that are wholly designed, developed<br />
and built locally in <strong>Australia</strong>. They are truly<br />
<strong>Australia</strong>n cars.<br />
44<br />
044-045_ford.p65<br />
44<br />
10/21/2007, 2:03 AM
THE MARKET<br />
The Bottled Sauces category encompasses a vast<br />
range of sauces from traditional varieties to Asian<br />
sauces and marinades. Sauces have traditionally<br />
been used to add extra flavour to mid-week meals,<br />
family barbecues and entertaining occasions. With<br />
an increasing number of consumers wanting to feel<br />
“ownership” of their home-made meals without the<br />
time and effort that goes into preparing them from<br />
scratch, the usage occasions for sauces are<br />
becoming more diverse than ever with many homechefs<br />
using sauces as shortcuts in creating their<br />
own signature dishes.<br />
Consumers love their various sauces and use<br />
them frequently (91% fortnightly & 70% 2-7<br />
times per week 1 ), and Fountain has ensured<br />
that there’s a superior sauce offering to fit all<br />
consumption and cooking occasions.<br />
The category consists of three major<br />
segments, namely Tomato, Barbecue and<br />
Variety, and is growing at a moderate rate<br />
every year. The traditional Tomato and<br />
Barbecue segments have evolved to be<br />
represented in a variety of packaging<br />
formats. Fountain’s iconic glass bottle<br />
is recognised by generations of<br />
<strong>Australia</strong>ns and is still around today.<br />
For those who favour plastic –<br />
Fountain’s same legendary sauce is<br />
also available in Squeezie bottles in<br />
various sizes.<br />
The majority of growth in the<br />
Bottled Sauces category is driven by<br />
Variety sauces, such as marinades,<br />
chilli sauces and Asian-ingredient<br />
sauces and Fountain’s continuous<br />
dedication to product development<br />
ensures that it is reaching out to the<br />
disparate variety of tastes and ever changing<br />
marketplace trends.<br />
Fountain also has a presence in the Tomato Paste<br />
category with its convenient no-waste sachets in a<br />
variety of flavours.<br />
ACHIEVEMENTS<br />
Fountain is one of <strong>Australia</strong>’s true heritage iconic<br />
brands. The glass bottle with the traditional label is<br />
what generations of <strong>Australia</strong>ns were brought up<br />
to associate with the dinner table. With an enviable<br />
reputation for providing quality sauces, Fountain<br />
is also the branded market leader in its category,<br />
with 22.7% 2 volume share and over 19.5 million<br />
bottles of Fountain sauce sold each year. In<br />
2007, Fountain MAT sales grew by an<br />
impressive +$2.8m 2 , which was the highest<br />
branded value increase and $1.6m ahead of<br />
the nearest competitor.<br />
Fountain Tomato sauce is found in more<br />
kitchens, cupboards and fridges than any<br />
other sauce brand 3 and Aussie<br />
households consume an impressive 6.8<br />
million 2 litres of Fountain Tomato sauce<br />
each year. <strong>Australia</strong>ns love the rich,<br />
thick & flavourful taste of Fountain<br />
and their loyalty to the brand (33.2% 3 )<br />
is more than double that of the nearest<br />
competitor (14.6%). This trust and<br />
attachment to Fountain’s superior<br />
quality and taste has been built up for<br />
more than 100 years.<br />
Whilst Fountain has recorded<br />
strong sales results on its core ranges,<br />
it has also continued to focus on<br />
developing products targeting<br />
growing market segments and has<br />
achieved outstanding results with the launch<br />
of a range of 600mL Squeezie sauces which sell<br />
$10m 2 annually, are growing at +29.3% 2 and have<br />
achieved a strong No 2 market share position.<br />
HISTORY<br />
The Fountain brand was first registered in 1906<br />
and has recently celebrated its 100th birthday.<br />
The <strong>Australia</strong>n popularity for Fountain Tomato<br />
sauce began in the 1950s and 1960s, with a radio<br />
campaign played during horse racing bulletins<br />
every Saturday afternoon.<br />
In the 1960s, a range of additional Fountain<br />
sauces was launched including Steak, Mustard and<br />
Mint. Since that time, Fountain has been on a<br />
continuous course of refining, developing and<br />
expanding the product range available. It now has<br />
16 different sauce flavours to ensure that Fountain’s<br />
quality products are relevant to the needs of<br />
today’s consumers.<br />
In 2002, Fountain’s first Squeezie range was<br />
launched. Fountain’s dedication to addressing the<br />
needs of emerging markets was manifested in the<br />
launch of Gluten Free Soy sauce in 2004, followed<br />
by an expansion of the Squeezie range in 2005.<br />
During this year Fountain also modernised the<br />
brand’s logo and repackaged the range.<br />
Today, Fountain is perceived as being a trusted,<br />
well known and loved brand, with a strong product<br />
quality reputation and arguably the best tasting<br />
tomato sauce available in the marketplace.<br />
THE PRODUCT<br />
Consumers have enjoyed the great taste of<br />
Fountain sauces for over 100 years and use them<br />
to add great flavours to <strong>Australia</strong>’s favourite meals<br />
every day. The brand has the widest flavour offering<br />
on the market, with 36 SKUs spanning 13 major<br />
46<br />
046-047_fountain.p65<br />
46<br />
10/21/2007, 2:08 AM
THE MARKET<br />
They say a nation’s culture is often defined by its<br />
cuisine. In <strong>Australia</strong>, the quintessential national<br />
food is the meat pie, and the national meat pie of<br />
choice is Four’N Twenty.<br />
There are few more iconic <strong>Australia</strong>n brands<br />
than Four’N Twenty. Four’N Twenty is <strong>Australia</strong>’s<br />
favourite pie, being sold in supermarkets, grocery<br />
stores, service stations, convenience stores,<br />
sporting venues, cafes, canteens, schools and<br />
events across the country. Synonymous with sport,<br />
particularly AFL football and NRL rugby, Four’N<br />
Twenty is the people’s pie, and has been for nearly<br />
60 years.<br />
It has been said that <strong>Australia</strong>ns are the worlds<br />
biggest meat pie eaters per head of population,<br />
consuming over 12 meat pies each per year, and a<br />
further 17 combined pasties, sausage rolls and party<br />
pies.<br />
Four’N Twenty is the Number 1 brand<br />
in the <strong>Australia</strong>n retail frozen savoury<br />
segment, with over 25% share of a<br />
market worth $199 million in 2006.<br />
Four’N Twenty is one of<br />
Patties Foods Ltd’s portfolio of<br />
leading brands, manufactured at<br />
the company’s state-of-the-art<br />
production facility in Bairnsdale,<br />
regional Victoria, and distributed<br />
nationally.<br />
The company is well equipped<br />
to anticipate consumer trends and<br />
develop new products that<br />
respond to them rapidly. Innovation<br />
is a key focus within the business,<br />
along with an unwavering commitment to using<br />
the highest quality ingredients and processes.<br />
It is this passion for high quality product that<br />
has enabled Patties Foods to further enhance<br />
Four’N Twenty’s reputation and market leadership.<br />
ACHIEVEMENTS<br />
Since the first Four’N Twenty pie was produced in<br />
1947, the brand has grown to become <strong>Australia</strong>’s<br />
most popular pie, a name both recognised and<br />
respected by millions of <strong>Australia</strong>ns.<br />
Mention Four’N Twenty to any <strong>Australia</strong>n and<br />
you are likely to see an instant recognition. Recent<br />
market research showed 76% of <strong>Australia</strong>ns had<br />
unprompted recognition of the brand. This grows<br />
to 99% when prompted!<br />
Four’N Twenty has built a reputation for being<br />
“The Great <strong>Australia</strong>n Taste”. Having a pie at the<br />
“footy” has become an <strong>Australia</strong>n tradition. One in<br />
every four people that attend a football match in<br />
<strong>Australia</strong> will consume a Four’N Twenty pie.<br />
At the home of <strong>Australia</strong>n Rules Football, the<br />
MCG, Four’N Twenty has been the official pie<br />
supplier since 1958.<br />
Four’N Twenty has also built a strong affiliation<br />
with community and sporting groups over the years,<br />
and has enjoyed successful relationships with<br />
many major events. Four’N Twenty are currently<br />
major supporters of <strong>Australia</strong>n Rules Football,<br />
National Rugby League, snow skiing and snow<br />
boarding and other outdoor events such as the<br />
Deniliquin Ute Muster and Rip Curl Pro Surfing.<br />
In keeping with its brand positioning as “The<br />
Great <strong>Australia</strong>n Taste”, Four’N Twenty targets<br />
everyday, regular consumers as a convenient and<br />
wholesome food they can rely upon.<br />
HISTORY<br />
The Four’N Twenty story started in Bendigo,<br />
Victoria, in the late 1940s. The company’s<br />
founder, local caterer Les McClure,<br />
developed a reputation for baking the<br />
most delicious meat pies in the area.<br />
McClure named his pies<br />
Four’N Twenty after the line in<br />
the nursery rhyme, “Sing a Song<br />
of Sixpence”, about King Henry<br />
VIII entertaining guests by<br />
baking 24 blackbirds in a pie<br />
and having the birds fly out<br />
of the pie.<br />
With a great tasting<br />
product and a catchy name,<br />
demand for the Four’N<br />
Twenty product grew rapidly.<br />
It was not long before a large percentage of pie<br />
production was being sent to Melbourne – at first<br />
for special events like the 1948 Royal Melbourne<br />
Show, and then later into the local trade. The<br />
company soon opened its first Melbourne bakery<br />
in a pavilion at the Showgrounds.<br />
The Showgrounds bakery was soon too small<br />
and a new bakery was built in Ascot Vale. Demand<br />
for Four’N Twenty pies continued to increase with<br />
deliveries extending to all suburbs and many<br />
country areas.<br />
Large quantities were sent by rail and road to<br />
distant country towns and cities. McClure<br />
eventually sold the business to his original pastry<br />
cook, Les Gillies. Since then ownership of the ever<br />
growing brand has changed hands with the<br />
decades – Peters ran it in the late 1960s, the Adelaide<br />
Steamship Company in the 1970s and Pacific Dunlop<br />
from the early 1980s, after which it finally fell into<br />
overseas hands at US-owned Simplot.<br />
The iconic <strong>Australia</strong>n Four’N Twenty brand was<br />
eventually brought back in to <strong>Australia</strong>n hands in<br />
2003, when it was purchased from Simplot by Patties<br />
Foods Ltd.<br />
From its Bairnsdale bakery Patties Foods<br />
currently produces around 70 million pies per year<br />
and uses approximately 25,000 kilograms of meat<br />
and 50,000 kilograms of flour every day.<br />
THE PRODUCT<br />
Four’N Twenty’s product range consists of Meat<br />
Pies, Flavoured Pies, Party Goods, Pasties and<br />
Sausage Rolls.<br />
48<br />
048-049_four'n twenty.p65<br />
48<br />
10/22/2007, 11:54 AM
THE MARKET<br />
Fujitsu General is renowned in <strong>Australia</strong> for both<br />
its top-of-the-range plasma displays and its<br />
technologically advanced air conditioners.<br />
With the continued popularity of flat screen<br />
televisions and its world leading plasma display<br />
technology, Fujitsu offers one of the largest ranges<br />
of plasma panels in <strong>Australia</strong>. Setting the industry<br />
benchmark for picture quality and performance,<br />
Fujitsu’s plasmas feature the critically acclaimed<br />
Advanced Video Movement-II (AVM-II) digital<br />
video processor.<br />
As the number one supplier of air conditioners<br />
to the <strong>Australia</strong>n market, Fujitsu’s company slogan<br />
is ‘<strong>Australia</strong>’s Favourite Air’. Fujitsu’s most popular<br />
product range is its inverter air conditioners, which<br />
are more economical to operate and quieter to run<br />
than conventional units. Highly sophisticated<br />
technology enables the compressors to adjust their<br />
speed in response to changes in room temperature<br />
making them quieter and more energy efficient than<br />
conventional types, achieving 6-star energy<br />
ratings.<br />
ACHIEVEMENTS<br />
Fujitsu General’s Plasmavision range is an awardwinning<br />
series of High Definition plasma display<br />
panels. Fujitsu’s Advanced Video Movement<br />
(AVM-II) digital video processor enables its<br />
Plasmavision panels to identify and correct<br />
common flaws found in digital video content, also<br />
known as artifacts, delivering clearer pictures to<br />
the viewer. The processor also provides advanced<br />
colour management, digitally enhancing primary<br />
hues so that they appear more vivid. With an<br />
ambient light sensor, the processor detects the level<br />
of light in a room and digitally adjusts the screen’s<br />
contrast and brightness to create the perfect<br />
viewing environment. In addition, automatic edge<br />
correction sharpens the edges of the images on<br />
screen to make them appear clear, crisp and true.<br />
In 2002, Fujitsu won an EMMY Award for<br />
‘Outstanding Achievement in Technological<br />
Advancement’ for its contribution to the plasma<br />
industry. The award acknowledged<br />
Fujitsu’s longstanding commitment to<br />
the plasma industry and its status as<br />
the most influential company in the<br />
development of plasma monitors.<br />
Further recognition for Fujitsu’s<br />
Plasmavision was received at the<br />
2005 CEDIA show on the Gold Coast,<br />
where Fujitsu won all the flat panel<br />
awards in the Digital Display Arena.<br />
Most recently, Fujitsu received a<br />
Highly Commended at the 2007 Sound & Image<br />
Awards.<br />
In terms of air conditioners, Fujitsu’s Nocria<br />
inverter range features outstanding filtration<br />
technology, including the world’s first automatic<br />
air filter cleaning operation, producing cleaner,<br />
fresher air.<br />
Fujitsu was recently awarded the GfK No.1<br />
Award for being the top brand in 2006<br />
for Consumer Air Conditioners in<br />
<strong>Australia</strong>. This ‘No.1’ result is the third<br />
win in a row for Fujitsu since the GfK<br />
No.1 Awards’ inauguration, rewarding<br />
sales in 2004.<br />
In addition, Fujitsu received an ERA<br />
(Electrical Retailing Award) for ‘Best<br />
Cooling Supplier 2007’.<br />
HISTORY<br />
The company’s origins date back to the early 1970s<br />
through a sales distribution company known as<br />
General Colour Pty Ltd, selling colour televisions.<br />
In 1980 the company became a full subsidiary of<br />
the General Corporation in Japan and General<br />
Corporation Japan (Aust.) Pty Ltd was formed. This<br />
change saw the company expand into a number of<br />
different consumer electronics products.<br />
In 1989 a new association was formed in Japan<br />
and globally the company became known as Fujitsu<br />
General Limited.<br />
Over time the company decided to focus its<br />
research and manufacturing strengths into two main<br />
product categories: air conditioning and plasma<br />
display panels. This core focus has resulted in<br />
Fujitsu General becoming an innovator of plasma<br />
technology and producing market leading products<br />
of a world class standard.<br />
50<br />
050-051_fujitsu.p65<br />
50<br />
10/21/2007, 2:20 AM
THE MARKET<br />
The entire Wraps, Bags and<br />
Foil market is worth A$273<br />
million a year in <strong>Australia</strong>. It<br />
consists of two categories,<br />
Food Management and<br />
Disposal Management. Of<br />
these, Food Management is<br />
by far the larger. It is worth<br />
A$185 million, whereas<br />
Disposal Management is<br />
worth a total of A$88 million.<br />
Of this entire market, 75%<br />
value share is made up of five<br />
key sub-categories, namely<br />
plastic wrap; foil wrap;<br />
garbage bags; reclose bags;<br />
and kitchen tidy bags.<br />
GLAD is the market leader<br />
with a 32% value share.<br />
As part of their normal<br />
shopping pattern, 93.5% of<br />
<strong>Australia</strong>n households<br />
purchase some kind of product from this market.<br />
For some time, this number has been increasing<br />
steadily as the time saving and convenience<br />
benefits have become more widely appreciated by<br />
people living busy lifestyles.<br />
ACHIEVEMENTS<br />
GLAD is a household name in <strong>Australia</strong>,<br />
synonymous with quality and freshness.<br />
GLAD has been the leading brand in this<br />
category since the brand’s launch – in 2006, the<br />
brand celebrated 40 years of providing <strong>Australia</strong>n<br />
households with products designed to improve<br />
hygiene, to make life easier around the home and to<br />
save time.<br />
In that time, the GLAD product range expanded<br />
to encompass more than 20 convenient products<br />
in the <strong>Australia</strong>n market. GLAD Steam Lock Bags<br />
are the latest addition to the GLAD product range.<br />
Introduced in 2006, this product has created a new<br />
segment in the Wraps, Bags and Foil category.<br />
HISTORY<br />
The GLAD brand originated in the USA when<br />
Union Carbide Corporation launched GLAD<br />
Wrap in 1963. After extensive market research,<br />
both GLAD Wrap and GLAD Bags were<br />
launched in <strong>Australia</strong> by Union Carbide in<br />
September 1966.<br />
Market research into the lunch wrap market in<br />
<strong>Australia</strong> showed that 60% of consumers used<br />
greaseproof paper and 40% used<br />
waxed paper for lunch wraps. In<br />
addition, 65% of wrapped lunches<br />
were then wrapped again in paper<br />
bags and 20% in plastic bags. It is<br />
not difficult to see why the<br />
concept of a ‘see-through’ wrap<br />
which would cling to itself and<br />
take the place of all of those<br />
products was well received by<br />
<strong>Australia</strong>n women.<br />
In order to generate publicity<br />
for the launch, functions were<br />
planned in both Sydney and<br />
Melbourne to which local<br />
columnists, women’s magazine editors, retail trade<br />
leaders and social identities were invited. The host<br />
of these functions was Graham Kerr, the country’s<br />
best-known food expert at the time.<br />
Guests were invited to take part in a<br />
demonstration by trying to tell the difference<br />
between food prepared and wrapped in GLAD three<br />
days before, and food<br />
prepared that day. To keep<br />
the test honest and to<br />
increase<br />
the<br />
newsworthiness of the<br />
events, the wrapped food<br />
was kept under armed guard<br />
for three days. For a little<br />
extra pizzazz, it was stored in<br />
glass door refrigerators in the<br />
main windows of<br />
Woolworths’ George and Pitt<br />
Street stores in Sydney and<br />
in the main window of GJ<br />
Coles Bourke Street store in<br />
Melbourne. When the food<br />
was unwrapped, the guests<br />
were amazed to find that this<br />
new plastic wrapping<br />
actually kept food as fresh<br />
as it had been before it was<br />
wrapped.<br />
This spectacular and highly successful launch<br />
of GLAD Wrap and GLAD Food Bags was followed<br />
by the introduction of Garbage and Kitchen Tidy<br />
Bags in the early 1970s and GLAD Aluminium Foil<br />
and GLAD Bake Paper products in the early 1980s.<br />
By 1997, the GLAD product range totals more than<br />
60 individual pack sizes.<br />
52<br />
052-053_glad.p65<br />
52<br />
10/22/2007, 3:09 PM
THE MARKET<br />
For a country widely considered to serve some of<br />
the best espresso coffee in the world, <strong>Australia</strong>ns<br />
ironically drink a comparatively low amount of<br />
coffee by world standards - an estimated 2.4 kg of<br />
coffee per year.<br />
However <strong>Australia</strong>n consumption of coffee has<br />
grown dramatically over the last decade with<br />
consumers now drinking 65 per cent more coffee<br />
than they did in 1996. An estimated 1.26 billion cups<br />
of coffee worth $3 billion were served in cafes,<br />
restaurants and hotels in the last year, with the<br />
majority of all coffee purchases made at franchised<br />
coffee stores (40 per cent).<br />
Coffee franchises are one of the fastest growing<br />
retail food sector segments in <strong>Australia</strong> with the<br />
number of outlets estimated to have grown by 50<br />
per cent since 2001.<br />
As one of <strong>Australia</strong>’s leading coffee specialists,<br />
Gloria Jean’s Coffees has played a major role in the<br />
development and growth of the retail coffee market<br />
in <strong>Australia</strong>.<br />
Since first entering the market in 1996, the<br />
company has opened over 400 stores, operating in<br />
every state and territory of the country. Today Gloria<br />
Jean’s Coffees is <strong>Australia</strong>’s largest and most<br />
recognised specialty coffee retailer serving an<br />
estimated 7 million guests each month.<br />
(Sources: ‘Coffee in <strong>Australia</strong> 2006-2008’ report,<br />
BIS Shrapnel, February 2006; ‘<strong>Australia</strong>n Coffee<br />
Market Key Facts: For 2006’ AustralAsian Specialty<br />
Coffee Association)<br />
ACHIEVEMENTS<br />
Gloria Jean’s Coffees is an <strong>Australia</strong>n owned and<br />
operated global brand with over 750 coffee houses<br />
in 25 countries including more than 400 in <strong>Australia</strong><br />
and signed master franchise agreements in 45<br />
countries worldwide. Since 2004, the international<br />
branding and roasting rights for all countries<br />
outside the USA have been proudly <strong>Australia</strong>n<br />
owned.<br />
In <strong>Australia</strong>, Gloria Jean’s Coffees is one of<br />
the top 25 fastest growing franchises in terms of<br />
both revenue and number of outlets and is also<br />
listed as one of <strong>Australia</strong>’s top 1,000 companies<br />
(BRW 2006/07).<br />
Under <strong>Australia</strong>n management, Gloria Jean’s<br />
Coffees has been a runaway success expanding<br />
rapidly in <strong>Australia</strong> and overseas. In 2005-06 the<br />
number of Gloria Jean’s Coffees stores grew by 28<br />
per cent in <strong>Australia</strong> and a phenomenal 49 per cent<br />
internationally, with similar growth expected in the<br />
next few years.<br />
The company’s success has assembled an<br />
impressive trophy cabinet over the last few years.<br />
Awards include ‘2006 International Franchisor of<br />
the Year’ awarded by the Franchising and Licence<br />
Association, Singapore and the<br />
PricewaterhouseCoopers Franchising Excellence<br />
Awards ‘2005 Franchisor of the Year’.<br />
The company has also received the highly<br />
prestigious ‘American Express Supreme Reward for<br />
Best Retailer’ and ‘Bank of Queensland Best<br />
Franchise’ Awards presented by the National Retail<br />
Association at the American Express Rewards for<br />
Excellence.<br />
Last year Gloria Jean’s Coffees also won the<br />
Premier’s NSW Exporter of the Year Awards ‘2006<br />
Emerging Exporter Award’ and the<br />
PricewaterhouseCoopers Excellence in Franchising<br />
Awards ‘Franchise Export Award of the Year 2006’.<br />
HISTORY<br />
The Gloria Jean’s Coffees story began in 1979 in a<br />
small town just north of Chicago, USA where the<br />
company’s namesake, Gloria Jean Kvetko and her<br />
husband Ed saw the opportunity to offer specialty<br />
gourmet coffees in a warm and friendly atmosphere.<br />
With appreciation for quality coffee growing, the<br />
concept became a success and Gloria Jean’s Coffees<br />
stores started to appear around the USA.<br />
In 1993 Gloria Jean and Ed sold the franchise for<br />
an estimated US$40 million and the company began<br />
its expansion offshore – a journey that would later<br />
take a remarkable turn to make the company an<br />
<strong>Australia</strong>n success story.<br />
In 1995, Nabi Saleh, an <strong>Australia</strong>n businessman<br />
internationally regarded for his coffee knowledge<br />
and expertise, visited the USA to experience the<br />
Gloria Jean’s Coffees brand first hand. Nabi and his<br />
business partner Peter Irvine subsequently bought<br />
the Master Franchise for <strong>Australia</strong> and by 1996 the<br />
first <strong>Australia</strong>n Gloria Jean’s Coffees store was<br />
opened in Miranda, Sydney.<br />
By 2004 Gloria Jean’s Coffees had opened more<br />
than 200 coffee houses across <strong>Australia</strong> and<br />
become a national brand with stores present in<br />
every <strong>Australia</strong>n state and territory. With success<br />
accomplished at home, Nabi and Peter set their<br />
sights on achieving their vision to make Gloria<br />
Jean’s Coffees a successful global brand.<br />
They returned to the USA and by the end of<br />
2004, had purchased the international branding and<br />
roasting rights for all countries outside of the USA<br />
- Gloria Jean’s Coffees globally had become<br />
<strong>Australia</strong>n owned overnight.<br />
PRODUCT<br />
Gloria Jean’s Coffees is passionately committed to<br />
creating the ultimate coffee experience for every<br />
54<br />
054-055_gloria jeans.p65<br />
54<br />
10/21/2007, 2:32 AM
compete in world markets. Google’s<br />
<strong>Australia</strong>n engineers work to improve<br />
<strong>Australia</strong>n users’ internet experience<br />
and enable them to take full advantage<br />
of the exciting potential of the internet<br />
and Google’s suite of products.<br />
Both globally and in <strong>Australia</strong>,<br />
Google is far more than just a search<br />
engine. Its range of popular products<br />
includes Google Maps, Google Earth,<br />
Gmail, Docs and Spreadsheets,<br />
YouTube, Blogger, Google News, the<br />
photo site Picasa and many more.<br />
Google’s business is based on selling<br />
‘sponsored links’ next to its search<br />
results through its AdWords<br />
programme. Thousands of <strong>Australia</strong>n<br />
businesses use AdWords to connect<br />
with potential customers.<br />
HISTORY<br />
According to Google lore, company<br />
founders Larry Page and Sergey Brin<br />
were not terribly fond of each other<br />
when they first met as Stanford<br />
THE MARKET<br />
Online consumers have at their disposal incredible<br />
quantities of information, feeds, news, blogs, maps,<br />
images, videos, games, social networks, email,<br />
collaborative software and more.<br />
With the advent of new devices, more offline<br />
content moving into cyberspace, broadband<br />
speeds increasing and users generating more<br />
content themselves, consumers’ lives are<br />
increasingly being led online. In 2007, among 18-29<br />
year old <strong>Australia</strong>ns, over 40 per cent of media time<br />
was spent online.<br />
Google, the world’s most widely used search<br />
engine, is at the heart of the new media environment,<br />
connecting <strong>Australia</strong>ns with information, audiences<br />
and customers worldwide.<br />
ACHIEVEMENTS<br />
Google is a world-renowned brand and <strong>Australia</strong>’s<br />
leading web destination. <strong>Australia</strong>ns rely on Google<br />
to find and manage all sorts of information, and the<br />
brand is committed to making the experience simple<br />
and useful for them.<br />
Google’s growing <strong>Australia</strong>n presence is a<br />
critical part of its global operations. Google<br />
<strong>Australia</strong> was one of the first Google offices<br />
outside the US. It’s now a vital R&D hub for<br />
the entire Asia Pacific region. The web is an<br />
especially vital and exciting platform for<br />
<strong>Australia</strong>n users and businesses. It helps them<br />
to overcome the tyranny of distance and<br />
University graduate students in computer science<br />
in 1995. They argued about every topic they<br />
discussed. Their strong opinions and divergent<br />
viewpoints would eventually find common ground<br />
in a unique approach to solving one of computing’s<br />
biggest challenges: retrieving relevant information<br />
from a massive set of data.<br />
By January of 1996, Larry and Sergey had begun<br />
collaboration on a search engine called BackRub,<br />
named for its unique ability to analyse the “back<br />
56<br />
056-057_google.p65<br />
56<br />
10/22/2007, 4:31 PM
THE MARKET<br />
The Gravy and Sauce Mix market consist of a wide<br />
range of easy to prepare and ready made gravies<br />
and sauces. These can be prepared on the stovetop,<br />
made instantly by just adding boiling water or even<br />
easier with the ready to serve ranges of<br />
microwaveable gravy. Gravox® is the dominant<br />
brand and market leader in the Gravies and Sauces<br />
category with 59% value share 1 .<br />
The category is separated into several segments<br />
including box powders, dry mix sachets, canister<br />
and microwaveable ready to serve liquid gravies<br />
and sauces. Gravox has a wide range of products<br />
on offer in all segments including two gluten free<br />
variants – Roast Meat and Traditional in the canister<br />
range.<br />
<strong>Australia</strong>n retail sales of the Gravy and Sauce<br />
category are currently $89 million. <strong>Australia</strong>ns<br />
consume approximately 7 million tonnes of gravies<br />
and sauces over the course of a year.<br />
The <strong>Australia</strong>n Gravy and Sauce segment<br />
continues to grow at around 11% per year;<br />
the Liquid Gravy Segment is predominantly<br />
driving this growth. Over the last two years<br />
the segment has had three new entrants<br />
propelling the growth to 82% and has recently<br />
overtaken the most established segment, box<br />
powder, in value.<br />
Currently 65% 2 of households use gravies<br />
and sauces and these are purchased on<br />
average once every 8 weeks.<br />
Gravox has also had a presence in the<br />
stocks market since 2003. It first launched<br />
Gravox concentrated liquid stocks in 2002<br />
with a range of flavours. These were replaced<br />
in 2005 with a range of Liquid Stocks in<br />
Chicken, Beef and Vegetable variants.<br />
Currently the Liquid Stocks market is valued<br />
at $48M and Gravox has 7% value share.<br />
ACHIEVEMENTS<br />
Gravox is an iconic <strong>Australia</strong>n brand. <strong>Australia</strong>’s<br />
top ten products in the gravy and sauce category<br />
are represented by Gravox brands. Gravox is<br />
currently the number 1 brand nationally across all<br />
segments and Gravox sales are approximately $52M<br />
per year and growing at 13%. In the total Gravies<br />
and Sauces segment there are several major<br />
competitors but the 2 nd largest brand is still only<br />
11% of the total segment.<br />
Over the last 90 years the Gravox brand has<br />
consistently offered quality products to generations<br />
of <strong>Australia</strong>ns and the recent new product launches<br />
have ensured Gravox continues to be relevant to<br />
today’s families.<br />
HISTORY<br />
Gravox was first registered in <strong>Australia</strong> in 1917. The<br />
famous brand was derived from the combination of<br />
the words Gravy and Oxo to become Gravox.<br />
However, the brand did not become established<br />
until World War II when Bisto was in short supply<br />
due to import restrictions. In 1953 Cerebos Foods<br />
<strong>Australia</strong> acquired the Gravox brand from Klembro<br />
Pty Ltd. The original Gravox gravy powder was<br />
manufactured from flour to which was added a<br />
selected blend of colour, flavourings and spices.<br />
The powder was prepared by mixing with water,<br />
stock or meat juices, creating tasty gravy.<br />
In 1968, Rank Hovis McDougall, a British<br />
58<br />
058-059_gravox.p65<br />
58<br />
10/21/2007, 2:39 AM
THE MARKET<br />
Businesses everywhere, in every sector, have to<br />
compete with the ceaseless march of globalisation<br />
and the incessant competitive activity it creates.<br />
Today’s business leaders must look for new ways<br />
to stand out clearly in markets that are constantly<br />
in a state of flux. This new era brings with it a<br />
seemingly endless stream of new technological<br />
resources and business solutions that help<br />
organisations of every kind identify and grasp<br />
opportunities that surround them. The challenge is<br />
to find innovative ways to share knowledge, ideas<br />
and solutions, gain competitive advantage and stay<br />
ahead of the game.<br />
ACHIEVEMENTS<br />
During 2006, IBM once again gained an impressive<br />
list of innovation credentials. It was the ninth<br />
consecutive year that IBM was awarded more than<br />
2,000 U.S. patents. However, it is the results that<br />
IBM achieves for its customers that make it the<br />
world’s third best global brand (source: Interbrand<br />
2006).<br />
Examples of IBM’s innovation-focused<br />
approach include:<br />
Facing increasing pressure to raise productivity<br />
and cut drug development costs, a leading global<br />
pharmaceutical provider was determined to bring<br />
new drugs to market faster. Working with IBM<br />
Global Business Services, the company replaced<br />
its in-house Electronic Data Capture (EDC)<br />
application and re-engineered its processes<br />
worldwide to extract maximum value from the new<br />
system. This reduced the time spent gathering data<br />
from weeks to near real-time and made clinical trial<br />
information processing more efficient, so drugs can<br />
be developed more quickly.<br />
Tennis <strong>Australia</strong> hosts one of the world’s most<br />
important sporting events, the <strong>Australia</strong>n Open,<br />
the Grand Slam of the Asia Pacific in Melbourne.<br />
For the past 14 years, IBM has worked with Tennis<br />
<strong>Australia</strong> to help it meet increasing business<br />
demands, to optimise revenue streams through<br />
business consulting and e-commerce plus increase<br />
the efficiency with which the <strong>Australia</strong>n Open is<br />
organised and run. The result is that more courtside<br />
statistics, analysis and insights are available each<br />
year, and tennis fans around the world are brought<br />
even closer to the action.<br />
HISTORY<br />
IBM’s character has been formed over nearly 100<br />
years of doing business in the field of information<br />
handling. Nearly all of the company’s products were<br />
designed and developed to record, process,<br />
communicate, store and retrieve information – from<br />
its first scales, tabulators and clocks to today’s<br />
powerful computers and vast global networks.<br />
IBM helped pioneer information technology over<br />
the years, and it stands today at the forefront of a<br />
worldwide industry that is revolutionising the way<br />
in which enterprises, organisations and people<br />
operate and thrive.<br />
In 1924, the Computing-Tabulating-Recording<br />
Co. (CTR) was renamed International Business<br />
Machines Corporation (IBM) under the leadership<br />
of Thomas J. Watson, Sr. IBM provided companies<br />
in America and Europe with the latest in machinery<br />
ranging from commercial scales and industrial time<br />
recorders to meat and cheese slicers, along with<br />
typewriters and tabulators.<br />
During the Great Depression of the 1930s, IBM<br />
managed to grow while many in the U.S. economy<br />
floundered. While most businesses had shut down,<br />
Watson kept his workers busy producing new<br />
machines even while demand was slack. Thanks to<br />
the resulting large inventory of equipment, IBM<br />
was ready when the Social Security Act of 1935<br />
brought the company a landmark government<br />
contract to maintain employment records for 26<br />
million people.<br />
Watson created a major division in 1932 to lead<br />
the engineering, research and development efforts<br />
for the entire IBM product line. The following year,<br />
IBM completed one of the finest modern research<br />
and development laboratories in the world at<br />
Endicott, New York. 1933 saw the addition of an<br />
entirely new product unit – the Electric Writing<br />
Machine Division – to IBM’s organisation.<br />
The Second World War saw IBM’s first steps<br />
toward computing. The Automatic Sequence<br />
Controlled Calculator, also called the Mark I, was<br />
completed in 1944 after six years of development<br />
with Harvard University.<br />
In the 1950s, IBM developed a range of<br />
mainframes, compatible with multiple printers,<br />
drives and other peripherals, establishing IBM as<br />
an industry leader.<br />
After nearly four decades as IBM’s chief<br />
executive, Thomas J. Watson, Sr., passed the title<br />
of president on to his son, Thomas J. Watson, Jr.<br />
who foresaw the role computers would play in<br />
business. He led IBM’s transformation from a<br />
medium-sized maker of tabulating equipment and<br />
typewriters into a computer industry leader.<br />
60<br />
060-061_ibm.p65<br />
60<br />
10/21/2007, 2:43 AM
THE MARKET<br />
Never before has technology been such an<br />
important aspect of our modern, on-the-go<br />
lives. For this reason, the Consumer Electronics<br />
industry is fast-paced and highly competitive.<br />
At present, the market is experiencing rapid<br />
growth across most categories, in particular in<br />
Visual Entertainment, which alone is valued at<br />
more than A$3 billion.<br />
Next generation consumer products from LG<br />
will address the social and environmental issues<br />
<strong>Australia</strong>ns face including water and energy<br />
efficiency, the trend toward inner city apartment<br />
living, and ever increasing working hours.<br />
Consumers are naturally seeking products that<br />
make the user experience as simple, convenient,<br />
stylish and personalised as possible.<br />
ACHIEVEMENTS<br />
LG Electronics is a global leader in providing<br />
cutting-edge, convergent electronics, information<br />
and communications products designed to meet<br />
the ever changing needs of consumers. LG’s point<br />
of differentiation is its in-depth insight into<br />
consumer trends coupled with the technical<br />
superiority of its products.<br />
The Korean based company operates four<br />
business units globally including Mobile<br />
Communications, Digital Appliance, Digital<br />
Display and Digital Media.<br />
2007 is the year that the LG brand celebrates its<br />
ten years of operation in the <strong>Australia</strong>n market.<br />
From relative obscurity ten years ago, LG has<br />
repositioned itself as a premium brand in <strong>Australia</strong>,<br />
and in the process achieved number one in seven<br />
product categories, including plasma televisions,<br />
LCD televisions, home theatre and DVD recorders,<br />
microwaves, front load washers and side-by-side<br />
refrigeration.<br />
Over the past decade, LG Electronics has grown<br />
to achieve annual sales turnover in excess of $1<br />
billion dollars. For ten years LG has strived to<br />
develop and bring to market a range of innovative<br />
products with leading edge technology that make<br />
‘Life Good’. This philosophy has seen the<br />
organisation and the brand achieve many<br />
milestones and build a loyal following.<br />
HISTORY<br />
Formed in 1947 by the Koo and Huh families,<br />
Lucky-Goldstar started out selling face creams,<br />
and quickly grew to become dominant in the<br />
national chemical manufacturing business.<br />
In 1958, Lucky-Goldstar entered the<br />
electronics industry with the formation of<br />
Goldstar Co and in 1959, Goldstar became<br />
the first Korean company to build a radio. It<br />
rapidly expanded during the 1960s,<br />
branching out into the manufacture of<br />
appliances. It built the first Korean<br />
refrigerator in 1965, and the first Korean<br />
television in 1966. It subsequently began the<br />
manufacture of elevators and escalators, air<br />
conditioners, electric typewriters, and other<br />
electronic goods.<br />
Goldstar gradually earned a reputation as a<br />
supplier of low-cost, high-quality electronic<br />
components and appliances and in the 1980s<br />
established a solid presence in domestic and<br />
international markets for microwave ovens and<br />
televisions, as well as for refrigerators, washing<br />
machines, and other major appliances.<br />
In 1989, after a series of financial, management<br />
and labour woes, drastic measures to turn the ailing<br />
Lucky-Goldstar around saw control being<br />
handed to Lee Hun-Jo, a 27-year Lucky-<br />
Goldstar veteran.<br />
By 1994 Goldstar had regained its number<br />
one position in the South Korean market for<br />
colour televisions, refrigerators and washing<br />
machines. Likewise, Goldstar was achieving<br />
marked gains overseas by focusing on emerging<br />
markets like Russia and Vietnam while at the<br />
same time increasing North American sales<br />
through overseas manufacturing and<br />
partnerships with U.S. companies.<br />
In 1995, the company abandoned the Lucky-<br />
Goldstar name and adopted a new corporate<br />
name, LG Electronics and the slogan “Life’s<br />
Good” to secure a strong, distinctive corporate<br />
identity. The change in identification assisted the<br />
company in entering the premium, higher scale<br />
market. In 1997 the LG Electronics brand was<br />
launched in <strong>Australia</strong>.<br />
The new millennium has seen LG drive<br />
innovation, style and digital capabilities in the<br />
industry. LG launched the world’s first internet<br />
refrigerator in 2000, and in 2001 followed with the<br />
world’s first internet enabled washing machine, airconditioner,<br />
and microwave oven. The first<br />
model in LG’s Black Label series of<br />
premium handsets LG Chocolate was<br />
introduced in 2006 and sold 7.5million<br />
units world wide. In 2007, LG launched<br />
the industry-first dual-format highdefinition<br />
disc player and drive.<br />
With consolidated sales of US$37.7<br />
billion and overseas sales of US$ 32.6<br />
billion (86% of total sales), LG is truly a<br />
global leader and technology innovator in<br />
consumer electronics, home appliances and<br />
mobile communications, employing more than<br />
82,000 people working in over 110 operations<br />
including 81 subsidiaries around the world.<br />
THE PRODUCTS<br />
LG’s extensive range consists of products<br />
engineered and designed to make ‘life good’. During<br />
its ten years in the local market LG has almost<br />
doubled its product offering to <strong>Australia</strong>n<br />
consumers. With expertise in mobile and convergent<br />
technologies, LG’s product offering includes LG<br />
Mobile phones with a design focused range – ‘The<br />
Black Label Series’ including world first ‘touch<br />
screen’ technology.<br />
LG also caters for major appliances and<br />
entertainment technology in almost every room of<br />
the home including a wide range of Plasma, LCD<br />
62<br />
062-063_lg.p65<br />
62<br />
10/21/2007, 3:50 AM
THE MARKET<br />
<strong>Australia</strong>’s strong economic growth has seen<br />
demand for supply chain services soaring, with<br />
freight volumes expected to double before 2020 and<br />
treble by the middle of the next decade. In the last<br />
four years alone the market grew by 18 per cent.<br />
This massive expansion in logistics services also<br />
stretches across the booming Asia Pacific region,<br />
Linfox’s focus of operations.<br />
Since 2002, Linfox’s revenue has risen by 200<br />
per cent to an annualised turnover of $2 billion in<br />
2007. The company expects to continue this pace<br />
of expansion through organic growth and further<br />
strategic acquisitions to complement and extend<br />
the scale, scope and geography of the business.<br />
Linfox provides highly sophisticated supply<br />
chain solutions in 11 countries. Its vision is to be<br />
the supply chain solutions provider of choice<br />
throughout the Asia Pacific region.<br />
ACHIEVEMENTS<br />
Linfox’s increased scale of operations demands that<br />
safety be a key priority. The company’s Vision Zero<br />
safety strategy aims to achieve zero fatalities,<br />
injuries, motor vehicle accidents, environmental<br />
exceedances, and zero unsafe behaviour.<br />
This unrelenting focus on safety has reduced<br />
the company’s lost time injury frequency rate by a<br />
massive 39 per cent in just 12 months. Linfox safety<br />
programs have also won numerous awards such<br />
as the recent ‘Operation Countdown’ award for road<br />
safety.<br />
Much of Linfox’s recent growth has occurred in<br />
Asia, with rapid expansion in India and China in<br />
particular. In addition to organic growth, strategic<br />
acquisitions have played a key role in business<br />
development.<br />
Linfox’s Asian footprint was substantially<br />
boosted with the purchase of Mayne Logistics in<br />
2003. The acquisition of FCL in 2006 cemented<br />
Linfox’s position in <strong>Australia</strong> as a key rail freight<br />
forwarder at a time when rail freight is set to boom,<br />
while the addition of Provincial Freightlines<br />
doubled the size of the company’s New Zealand<br />
business. The acquisition of Westgate Logistics in<br />
2007 bolstered Linfox’s <strong>Australia</strong>n warehouse and<br />
retail operations.<br />
With increasingly complex supply chains, the<br />
development of a sophisticated supply chain<br />
solutions planning capability has won significant<br />
business from major companies across the Asia<br />
Pacific region. Linfox’s Supply Chain Solutions<br />
(SCS) Group provides specialists in IT, supply chain<br />
modelling, warehouse design and financial analysis<br />
to deliver a uniquely skilled support team for Linfox<br />
customers.<br />
Linfox’s recent ‘Award for Excellence in Supply<br />
Chain Management and Distribution’ at the<br />
SMART 2007 Conference recognises the<br />
outstanding contribution of the SCS Group’s<br />
expertise in designing a new state-of-the-art<br />
national distribution centre for Kellogg’s in Sydney.<br />
In a continuing focus on delivering value for its<br />
customers, Linfox is developing ‘campus style’<br />
operations in <strong>Australia</strong>n capitals to provide highly<br />
efficient, modern warehousing and distribution<br />
hubs. These facilities, close to ports, railheads and<br />
commercial areas, will generate tremendous<br />
economies of scale for Linfox and its customers.<br />
Linfox’s Pooraka site in Adelaide, which was<br />
opened by South <strong>Australia</strong>n Premier Rann, is the<br />
first campus style operation.<br />
HISTORY<br />
In 1956, Linfox famously consisted of ‘One Man<br />
One Truck’. With Lindsay Fox still involved in the<br />
business he founded, today Linfox Logistics<br />
generates 13,000 jobs, operates a fleet of 5,000<br />
vehicles, with more than 260 operating sites and<br />
more than 1.8 million square metres of warehousing<br />
space.<br />
That growth has been built on consistently high<br />
standards for employees, facilities and customer<br />
service delivery. This unswerving commitment to<br />
standards is demonstrated in the significant<br />
investment in employee training and leading-edge<br />
technology.<br />
Linfox first established operations in Asia in 1984.<br />
Today it operates in 11 countries including<br />
Malaysia, Thailand, Indonesia, China and Hong<br />
Kong. Operations in Vietnam and India have seen<br />
rapid growth more recently and Linfox now employs<br />
more than 4,000 people throughout Asia. Key to<br />
64<br />
064-065_linfox.p65<br />
64<br />
10/21/2007, 3:55 AM
THE MARKET<br />
Mambo was launched in 1984 into an industry that<br />
was entirely focused on the production of a surfspecific<br />
product. It was an industry that had grown<br />
rich selling a “dream” and as a result had become<br />
very exclusive. It was also an industry that in<br />
Mambo’s opinion “took itself far too seriously”.<br />
Mambo decided that in<br />
addition to producing<br />
clothing it would share with<br />
the market its passion for art,<br />
humour, music and politics.<br />
In so doing, it became one of the first<br />
brands to move out of the surfspecific<br />
market and into the more<br />
eclectic, surf and streetwear market<br />
where it continues to operate today.<br />
While Mambo is<br />
situated mainly in the youth<br />
clothing and textile area,<br />
their development of several<br />
related product categories<br />
has enabled them to build very active<br />
and successful relationships with the<br />
skiwear, footwear, optical, sunglasses,<br />
watch and surf hardware markets.<br />
ACHIEVEMENTS<br />
Over the past 23 years, Mambo has become one of<br />
<strong>Australia</strong>’s best known brands. In 2006, Principle<br />
(an <strong>Australia</strong>n research company) named Mambo<br />
as ‘<strong>Australia</strong>’s sixth most authentic brand’, in a list<br />
that included brands such as Bonds, Speedo, RM<br />
Williams and Billabong.<br />
Because Mambo evolved out of a large and<br />
successful screenprinting business (Phantom<br />
Textile Printers) there was no financial pressure on<br />
the company to conform to the usual demands of<br />
the surf and streetwear industry. As a result,<br />
Mambo could afford to ignore market convention<br />
and offer a product that was in no way typical of<br />
that being produced at the time. This made it easier<br />
for the consumer to decide what they liked instead<br />
of having the retail industry<br />
making that decision for them.<br />
And that decision has often<br />
been made easier by<br />
Mambo’s use of strong<br />
graphics and often selfdeprecating<br />
humour. These two<br />
facets of Mambo’s<br />
personality have also led<br />
to a change in market<br />
expectation, acting as<br />
a catalyst to expand the parameters of what was<br />
once a very one dimensional industry.<br />
HISTORY<br />
Mambo was launched by Dare Jennings in 1984,<br />
“in a nice pair of boardshorts and a fashionably<br />
oversized t-shirt”. Their classic ‘Farting Dog’ t-shirt<br />
was released in 1987 and is<br />
possibly one of the most<br />
recognisable t-shirt<br />
graphics on the planet.<br />
While Mambo produces a<br />
wide range of surf and street related<br />
products they remain first and foremost, a<br />
surfwear label. But Mambo is not<br />
like other surf labels. Their<br />
passion for surfing represents<br />
just one aspect of a much richer<br />
life. Unlike the major brands,<br />
selling surfing as a religion,<br />
Mambo lives in a much<br />
bigger world. That world is<br />
defined by their passion for “surf<br />
& art & music & love & life &<br />
death & football & just about the<br />
whole damned thing”. By their<br />
own admission, Mambo is a<br />
fiercely independent company and has never<br />
pandered to the whims of the surf and streetwear<br />
market.<br />
Art has played a pivotal part in the company’s<br />
development. Over the past 23 years Mambo has<br />
worked with many well-known <strong>Australia</strong>n and<br />
overseas artists including Reg Mombassa (guitarist<br />
and original member of <strong>Australia</strong>n rock band, Mental<br />
As Anything), Richard Allan, Robert Moore, Josh<br />
Petherick, Paul McNeil, Ben Frost, Beci Orpin, Maria<br />
Kozic, and David McKay plus, Mark Falls and<br />
Robert Williams (US), Trevor Jackson (UK) and<br />
Rockin’ Jelly Bean and Tomoo Gokita (Japan).<br />
In 1993 Mambo was invited by the Art Gallery of<br />
NSW to share wall space along side an international<br />
exhibition of Surrealist art. The following year they<br />
released, ‘Art Irritates Life’, the first of three books.<br />
The release coincided with the launch of an<br />
exhibition of original Mambo artwork at the<br />
Northern Territory Museum and Art Gallery in<br />
Darwin. The show, which included paintings,<br />
original t-shirt graphics, posters, surfboards,<br />
ceramics, rugs and pinball machines, drew record<br />
crowds. As a result of that success the exhibition<br />
travelled to several other state and regional<br />
galleries. Mambo has also had exhibitions in<br />
London, Bologna (Italy) and in Sydney, at the<br />
Museum of Contemporary Art (MCA) and Ray<br />
Hughes Gallery.<br />
The first Mambo ‘Loud Shirt’, a not too distant<br />
cousin of the famous ‘Hawaiian’ shirt, was released<br />
in 1994. ‘Blue Hawaii’ by Martin Plaza (another<br />
member of Mental As Anything), became an instant<br />
hit and led to the creation of a style that has since<br />
become a “classic” (and also very collectible) not<br />
only in <strong>Australia</strong> but also throughout Europe and<br />
the UK.<br />
To cope with a steadily increasing demand for<br />
66<br />
066-067_mambo.p65<br />
66<br />
10/25/2007, 7:45 PM
THE MARKET<br />
Whether it’s the simple pleasure of savouring the<br />
world’s best-loved chocolate and confectionery,<br />
the warmth that a healthy and contented pet brings<br />
to your family, or the rewards that come from<br />
creating fantastic tastes in your own home, Mars is<br />
the company behind many of the enduring brands<br />
<strong>Australia</strong>ns have come to know and trust.<br />
With a turnover exceeding $1<br />
billion, Mars is one of <strong>Australia</strong>’s<br />
leading consumer brands<br />
companies, supplying local and<br />
export customers with high quality<br />
Food, Petcare, and Snackfood<br />
brands.<br />
These brands include<br />
PEDIGREE® and WHISKAS® (the world’s leading<br />
brands of food for dogs and cats respectively),<br />
“M&M’s”® and SNICKERS® (two of the world’s<br />
top chocolate confectionery brands),<br />
STARBURST® and SKITTLES® (two of the<br />
world’s top sugar confectionery brands) and the<br />
MASTERFOODS®, DOLMIO® and KAN<br />
TONG® food brands.<br />
Although most sales are local, Mars <strong>Australia</strong><br />
exports to more than 30 countries around the world.<br />
BRAND VALUES<br />
Anyone joining Mars quickly finds they are part of<br />
one of the world’s most successful privately owned<br />
companies and beginning a career where they really<br />
are free to grow, both personally and professionally.<br />
The organisation encourages innovation and<br />
initiative, recognises endeavour and achievement<br />
and really believes<br />
that great brands<br />
and great people<br />
make a great<br />
business.<br />
Mars holds special values about the company<br />
and the way it should be run. These values – the<br />
Five Principles – set Mars apart from others,<br />
requiring that it thinks and acts differently towards<br />
its associates, brands and its business. These<br />
principles have always been demanding and are an<br />
essential part of the Mars heritage. Mars<br />
believes they are the real reason for its<br />
success; keeping the company true<br />
to itself at times of growth and<br />
guiding it reliably when it is<br />
challenged.<br />
The Five Principles of Mars are:<br />
The Quality Principle<br />
The consumer is our boss, quality is our<br />
work and value for money is our goal.<br />
The Responsibility Principle<br />
As individuals, we demand total<br />
responsibility from ourselves; as<br />
associates, we support the<br />
responsibilities of others.<br />
The Mutuality Principle<br />
A mutual benefit is a shared<br />
benefit; a shared benefit will endure.<br />
The Efficiency Principle<br />
We use resources to the full, waste nothing and do<br />
only what we can do best.<br />
The Freedom Principle<br />
We need freedom to shape our<br />
future; we need profit to remain<br />
free.<br />
ACHIEVEMENTS<br />
Over its history<br />
Mars’ brands have<br />
been the recipients of<br />
numerous awards for<br />
creative and innovative brand<br />
communications.<br />
The company itself has<br />
traditionally maintained a lower<br />
profile, however is distinctive in<br />
its reputation as an employer of<br />
choice, an efficient manufacturer,<br />
and a community leader in<br />
sustainable business practices.<br />
This is reflected in awards<br />
such as the Premier of<br />
Victoria’s Sustainability<br />
Awards in which the<br />
business has<br />
been a<br />
finalist; the<br />
Employer of Choice - <strong>Australia</strong>n Government’s Equal<br />
Opportunity for Women in the Workplace Award;<br />
the Governor of Victoria Exporter of the Year, and<br />
the recent induction of the company into the<br />
Victorian State Manufacturing Hall of Fame<br />
(for sustained manufacturing excellence).<br />
HISTORY<br />
Founded in 1911, the company now<br />
manufactures and markets a variety of<br />
products under many of the worlds most<br />
recognisable trademarks, in more than one<br />
hundred countries around the world. The<br />
company’s global sales are over US$21<br />
billion annually, a significant achievement<br />
from a humble start when Frank C. Mars<br />
started making and selling butter cream candies in<br />
Tacoma, Washington, U.S.A. The company’s first<br />
blockbuster product was<br />
MILKY WAY®, invented<br />
by Frank Mars and his son<br />
Forrest in 1923, and many<br />
more of the world’s leading<br />
confectionery, food and petcare<br />
products followed. Today Mars also has a<br />
growing beverage and health and nutrition<br />
businesses.<br />
68<br />
vo_068-069.p65<br />
2<br />
10/26/2007, 10:06 PM
THE MARKET<br />
Mirvac is a leading integrated real<br />
estate group, listed on the <strong>Australia</strong>n<br />
Securities Exchange (ASX) with more<br />
than $26.3 billion of activities under<br />
its control across the real estate<br />
funds management and<br />
development spectrum. Although<br />
founded in 1972 solely as a real estate<br />
development company, Mirvac is<br />
one of the largest real estate groups<br />
in <strong>Australia</strong> today with significant<br />
interests overseas, successfully<br />
expanding all sectors of the business<br />
across the globe.<br />
With over 5,500 staff throughout<br />
<strong>Australia</strong>, New Zealand, United States and the<br />
United Kingdom, Mirvac now has a strong platform<br />
to develop a significant and successful business<br />
in the long term.<br />
ACHIEVEMENTS<br />
Sustainability has become an essential element of<br />
developing and managing residential and nonresidential<br />
properties and Mirvac continues to<br />
deliver outstanding examples of sustainability in<br />
action. Mirvac secured the joint venture rights to<br />
develop Newington—Sydney’s Olympic Village.<br />
Using environmentally sustainable development<br />
principles, Newington was the first solar suburb in<br />
<strong>Australia</strong>. The housing of 15,000 athletes and<br />
officials for the Sydney Olympic Games was simply<br />
a temporary adaptation. Following on from the<br />
Games, another 900 apartments and homes—<br />
resulting in a total of over 2,000 dwellings—were<br />
built to provide for a population of more than 4,000.<br />
Opened in March 2007, Orion Springfield in<br />
south-east Queensland is one of <strong>Australia</strong>’s most<br />
environmentally friendly shopping centres,<br />
delivering significant environmental benefits across<br />
areas such as energy, water, indoor environmental<br />
quality, transport, management, ecology, materials<br />
and emissions.<br />
Mirvac’s leadership in sustainable development<br />
practices has been recognised in the numerous<br />
awards received to date. Mirvac is also recognised<br />
as having a strong commitment to the next<br />
generation of students who need to develop an<br />
understanding of the growing importance of<br />
sustainability and bring that knowledge into the<br />
business world.<br />
In 2006 Mirvac partnered with Bond University<br />
to create <strong>Australia</strong>’s first tertiary programme in<br />
sustainable development. Sponsorship of the<br />
AIESEC Green Entrepreneurship Challenge for<br />
university students may just uncover the ‘next big<br />
thing’ to make us more sustainable.<br />
Mirvac also offered a full scholarship<br />
to an undergraduate student enrolled<br />
in the University of NSW Bachelor<br />
of Renewable Energy Engineering<br />
degree programme.<br />
HISTORY<br />
The business association that was<br />
to become Mirvac commenced<br />
developing property on a joint<br />
venture basis during the late 1960s<br />
and early 1970s. The joint venturers<br />
were two men from Sydney, Robert<br />
Hamilton and Henry Pollack.<br />
In 1972 Mirvac was launched with<br />
the first real estate development being Montrose, a<br />
block of 12 apartments at Rose Bay in Sydney’s<br />
eastern suburbs. Toward the end of the 1970s, the<br />
company began building houses on subdivided<br />
land in the expanding north-western suburbs of<br />
Sydney.<br />
The early 1980s also saw the development of<br />
The York, Sydney’s first luxury apartment high rise.<br />
Mirvac was able to use the expertise it had<br />
acquired to lead Sydney in this new and exciting<br />
area. The public response to the project stunned<br />
the property market. People queued around the<br />
block for a chance to buy one of the 150 apartments<br />
on offer, and in some cases tried to bribe<br />
salespeople to get to the head of the line. The York<br />
sold out in four hours.<br />
In 1977 Mirvac branched out into hotel<br />
management and ownership, purchasing the Hyde<br />
Park Plaza Hotel in Sydney. In the early 1980s, a<br />
major revival in the Sydney property market gave<br />
Mirvac the chance to expand its operations<br />
considerably. At the time Mirvac was developing<br />
office buildings in the Sydney CBD to sell mainly<br />
to <strong>Australia</strong>n institutional investors. One of the first<br />
major commercial developments completed by<br />
Mirvac was The Landmark tower in Martin Place,<br />
Sydney. It was an outstanding success, being fully<br />
leased upon completion. Although such<br />
developments were providing excellent returns,<br />
Mirvac began to explore how it could retain an<br />
interest in the buildings by way of ongoing<br />
management. To do this, Mirvac established a series<br />
of unlisted property trusts open to outside<br />
investors. It was a major step towards Mirvac<br />
becoming the fully diversified real estate group it is<br />
today. In October 1987 Mirvac was listed on the<br />
<strong>Australia</strong>n Securities Exchange.<br />
Mirvac began its first major project in<br />
70<br />
070-071_mirvac.p65<br />
70<br />
10/21/2007, 4:21 AM
THE MARKET<br />
The <strong>Australia</strong>n Department Store market is an everevolving<br />
and highly competitive industry that<br />
requires a strong product offer across a broad range<br />
of categories and the ability to adapt to the continual<br />
changing needs of the <strong>Australia</strong>n customer.<br />
Myer is a market leader in <strong>Australia</strong>n retailing<br />
and is continually transforming to better serve its<br />
customers and their needs. Myer trades in a very<br />
aggressive market and is in direct competition with<br />
high-end retailers as well as discount retailers.<br />
Myer’s ability to appeal to a broad market, from<br />
high-end fashion and glamour cosmetics to daily<br />
home and electrical needs, has been the driving<br />
point for Myer’s success in the department store<br />
industry. Myer commits itself to making shopping<br />
easy and convenient but also a fun and exciting<br />
experience.<br />
Myer has a larger number of stores nationally<br />
than any other department store chain in <strong>Australia</strong>,<br />
and its goal for the near future is to increase the<br />
number to 80. This would make Myer’s<br />
representation in the market twice as big as its<br />
nearest competitor’s.<br />
ACHIEVEMENTS<br />
The development and recognition of team<br />
members has been a primary focus at Myer over<br />
the past 14 months. Creating an environment that<br />
provides team members with the opportunity to<br />
grow and developing a culture focused on<br />
rewarding performance is an important part of<br />
Myer’s strategy for growth.<br />
The reintroduction of the Myer Graduate<br />
Program and the 25-year club were quickly<br />
implemented by the new management team.<br />
The Myer 25-year club recognises the retailer’s<br />
long serving and loyal team members who have<br />
made an invaluable contribution to Myer. In 2007,<br />
Myer welcomed 120 new members, taking the total<br />
number to 2200.<br />
The Myer Graduate Program was officially<br />
reinstated in December 2006 with 14 Myer team<br />
members. The Graduate Program allows<br />
participants to work across four different areas of<br />
the business over a year. On completion,<br />
participants are placed in a role with Myer.<br />
The Management Development Program is open<br />
to team members with strong leadership skills who<br />
see themselves as future Myer Customer Service<br />
and Selling Managers and eventually Operations,<br />
Merchandise or Store Managers.<br />
Over the past few years Myer team members<br />
have been finalists in the National Retail<br />
Association’s Young Retailer of the Year Awards,<br />
which recognise excellence in retailing, highlighting<br />
the focus on developing team members to achieve<br />
their potential.<br />
Local Area Marketing has been strongly<br />
embraced by Myer stores across the country.<br />
Stores raise the Myer profile in their communities<br />
by organising their own activities while building<br />
relationships with key local suppliers and<br />
customers.<br />
HISTORY<br />
With a history that spans over 100 years, Myer is a<br />
name synonymous with <strong>Australia</strong>n retailing. The<br />
Myer story dates back to 1899 when Sidney Myer,<br />
a penniless Russian immigrant, opened the first<br />
Myer Drapery store in Bendigo, Victoria, with the<br />
support of his brother Elcon. Its success led to the<br />
opening of a second store in Bendigo in 1908.<br />
In 1911 Sidney Myer bought a drapery store in<br />
Bourke Street, Melbourne. This was an era of<br />
dramatic change in retailing and the Myer store<br />
embraced this changing climate, incorporating<br />
strategies such as mass buying, aggressive selling<br />
and powerful advertising. Previously unheard of<br />
full-page advertisements of bargain sales,<br />
impressive window displays and huge crowds<br />
became commonplace at Myer.<br />
Sidney Myer continued to purchase properties<br />
on either side of his Bourke Street establishment.<br />
By 1914 the Bourke Street building was eight stories<br />
high, becoming the largest retail outlet in the<br />
country.<br />
Sidney now began the national expansion of<br />
the business, setting up stores first in Adelaide<br />
and then later across <strong>Australia</strong>.<br />
In 1983 Myer acquired Grace Bros Holdings Ltd.<br />
The merging of these two retailing giants in 1989<br />
saw the birth of <strong>Australia</strong>’s biggest department<br />
store group. In 2004 the Grace Bros stores were rebranded<br />
to Myer.<br />
72<br />
072-073_myer.p65<br />
72<br />
11/1/2007, 11:40 AM
THE MARKET<br />
The <strong>Australia</strong>n banking market is<br />
highly competitve. In 2006, the<br />
<strong>Australia</strong>n regional business of<br />
National <strong>Australia</strong> Bank Limited<br />
reignited its brand and recommitted to<br />
helping customers fulfil their<br />
aspirations.<br />
National <strong>Australia</strong> Bank Limited is<br />
a international financial services<br />
organisation that is building a portfolio<br />
of brands and businesses positioned<br />
for success. These include NAB with<br />
MLC in <strong>Australia</strong>; Bank of New<br />
Zealand; Clydesdale and Yorkshire<br />
banks in the UK; and nabCapital, its<br />
global institutional markets and<br />
services business.<br />
ACHIEVEMENTS<br />
In 2006, National <strong>Australia</strong> Bank Limited had a record<br />
year, not only in returns but also with great service,<br />
great products and great advice.<br />
Full year results for 2006 were a standout. Net<br />
profit increased by 10% to $4.39 billion and cash<br />
earnings across the Group (before significant items)<br />
were $3.97 billion, an increase of 21.9%. Every part<br />
of the business contributed to this growth.<br />
NAB’s purpose is to deliver satisfactory returns<br />
to shareholders, and it is delivering on that purpose.<br />
NAB’s success is due to two key elements: the<br />
continuing efforts and customer focus of the bank’s<br />
people right around the Group, and the two and a<br />
half years of detailed planning, hard work and careful<br />
implementation of the regional model.<br />
NAB reignited the brand and recommitted to<br />
helping customers fulfil their aspirations. Backing<br />
its people and customers is the hallmark of the NAB<br />
brand and since staff united around this belief,<br />
performance has lifted in many ways. NAB enjoyed<br />
the largest percentage improvement among the<br />
major banks for customer satisfaction in the year to<br />
September 2006.<br />
NAB also received many prestigious industry<br />
awards. These included Bank of the Year by Money<br />
Magazine/Cannex in the 2006 Consumer Finance<br />
Awards; Business Bank of the Year in CFO<br />
Magazine’s 2006 Awards; Best Life Insurance<br />
Company 2006 by <strong>Australia</strong>n Banking and Finance<br />
magazine; Best Life Insurance Company of the Year<br />
2006 in the <strong>Australia</strong> and New Zealand Insurance<br />
Industry Awards; and Best New<br />
Product of the Year<br />
2006 in Rainmaker<br />
Marketing Symposium<br />
(MLC Longer Term<br />
Absolute Return<br />
Portfolio). NAB also<br />
received Asian Banker<br />
Magazine’s Retail Risk<br />
Management Award;<br />
Company of the Year for<br />
National Leads CRM tool<br />
in the International Direct Marketing Awards; and<br />
very importantly the award for ‘Brand<br />
Revitalisation 2006’ by the <strong>Australia</strong>n Marketing<br />
Institute.<br />
HISTORY<br />
National <strong>Australia</strong> Bank today is the product of the<br />
1981 merger of two of <strong>Australia</strong>’s oldest banks, the<br />
National Bank of Australasia (established in 1858)<br />
and the Commercial Banking Company of Sydney<br />
(established in 1834).<br />
The original National Bank of Australasia was<br />
born during the great Victorian gold<br />
rushes of the 1850s while the CBC of<br />
Sydney grew to service the expanding<br />
pastoral and farming industries of the<br />
then Colony of New South Wales.<br />
Helped by a series of acquisitions, the<br />
operations of both banks eventually<br />
spanned the continent. Well into the<br />
20th century the growth of the two<br />
banks paralleled and contributed to the<br />
development of a young nation. The<br />
1981 merger brought these two great<br />
organisations together and combined<br />
the heritage of the two brands to form<br />
National <strong>Australia</strong> Bank Limited. This<br />
proud heritage is clearly evident in a<br />
network of numerous historic branch<br />
buildings, many of which date back to<br />
the 19th century and are classified by<br />
the National Trust. Such heritage is a<br />
cornerstone of the National <strong>Australia</strong> Bank brand.<br />
With the emergence of deregulation and<br />
increased competition in the 1980s the newlyformed<br />
National <strong>Australia</strong> Bank was well placed to<br />
succeed in the domestic marketplace as well as<br />
expand operations offshore. In1987 the National<br />
acquired Clydesdale Bank followed by Yorkshire<br />
Bank in 1990, Bank of New Zealand in 1992 and<br />
Michigan National Bank in 1995.<br />
THE PRODUCT<br />
NAB is an international<br />
financial services<br />
organisation which<br />
provides a comprehensive<br />
and integrated range of<br />
financial products and<br />
services.<br />
National <strong>Australia</strong><br />
Bank Limited is organised<br />
around three regional<br />
businesses: <strong>Australia</strong>, UK/Europe and New<br />
Zealand. These regions include the retail bank<br />
brands, wealth management services and the<br />
transactional and custodial operations of the former<br />
Institutional Markets & Services division. In<br />
addition there is global business nabCapital, which<br />
focuses on debt, risk management and investment<br />
products for corporate and institutional customers.<br />
Retail bank brands are the National <strong>Australia</strong><br />
Bank (<strong>Australia</strong>), Bank of New Zealand (New<br />
Zealand), and Yorkshire Bank and Clydesdale Bank<br />
(United Kingdom).<br />
Business and Private Banking is performing<br />
74<br />
074-075_nab.p65<br />
74<br />
10/21/2007, 1:53 PM
THE MARKET<br />
Origin is one of <strong>Australia</strong>’s largest energy<br />
providers, offering gas, electricity and related<br />
services to over 3.6 million residential and business<br />
customers in <strong>Australia</strong>, New Zealand and the<br />
Pacific. Today Origin is proud to be <strong>Australia</strong>’s<br />
number one green energy provider – at the forefront<br />
of sustainability.<br />
Origin has taken advantage of growth<br />
opportunities provided by the continuing<br />
deregulation of <strong>Australia</strong>’s retail energy industry<br />
which began in 1996, meaning customers in Victoria,<br />
South <strong>Australia</strong>, Queensland and New South Wales<br />
are able to choose their electricity and gas retailer.<br />
Deregulation has resulted in a significant increase<br />
in competition and a new era for the energy industry.<br />
Origin is an integrated energy company which<br />
means that in addition to retailing energy, Origin<br />
also is an oil and gas producer and electricity<br />
generator.<br />
Origin has more than 3,400 employees on 250-<br />
plus sites across <strong>Australia</strong>, New Zealand and the<br />
Pacific. The company has more than 105,000<br />
shareholders.*<br />
ACHIEVEMENTS<br />
Origin is <strong>Australia</strong>’s leading provider of green<br />
energy, supplying more customers than any other<br />
retailer in <strong>Australia</strong>. It is also <strong>Australia</strong>’s largest<br />
supplier of grid-connected solar systems.<br />
Over the years, Origin’s initiatives have gathered<br />
many accolades. Origin received Employer of<br />
Choice accreditation by the Equal Opportunity for<br />
Women in the Workplace Agency. Origin was also<br />
recognised for sustainability leadership at the<br />
Ethical Investor <strong>Australia</strong>n Sustainability Awards,<br />
for taking a leadership role in the climate change<br />
debate. The Prime Minister selected the Origin-led<br />
consortium to deliver <strong>Australia</strong>’s first Solar City<br />
project in Adelaide.<br />
By the end of 2007, Origin will celebrate over<br />
quarter of a million customers buying green energy<br />
from them, securing its position as <strong>Australia</strong>’s<br />
number one green energy provider. Origin has a<br />
maximum five star rating in Ethical Investor<br />
magazine’s corporate monitor in all three areas of<br />
assessment - environmental performance, social<br />
responsibility and corporate governance.<br />
Origin has been recognised for leading the way<br />
in sustainability practices at the Victorian Premier’s<br />
Sustainability Awards. Origin was recognised for<br />
its efforts to raise the issue of sustainability, and<br />
received the prestigious Victorian-based Fire<br />
Awareness Community Service Award (FACSA) in<br />
the Business award category for Origin’s Home<br />
Safety Program.<br />
Origin also demonstrates leadership in the<br />
community through the Channel 7 Sunrise “Cool<br />
the Globe” challenge, which helped to reduce over<br />
100,000 tonnes of greenhouse gas emissions; by<br />
becoming official provider of green energy to the<br />
2006 Commonwealth Games; and by helping Live<br />
Earth Sydney, July 2007 be a carbon neutral event.<br />
HISTORY<br />
Origin Energy was listed on the <strong>Australia</strong> Stock<br />
Exchange in February 2000. However, Origin’s roots<br />
date back to 1859 when the Launceston Gas<br />
Company was formed.<br />
In 2001 and 2002, Origin further increased its<br />
customer base and electricity retailing capability<br />
with the acquisition of the Powercor and CitiPower<br />
electricity retail businesses in Victoria. Origin’s<br />
Otway Basin investments came to fruition with the<br />
discovery of two new large gas fields – Thylacine<br />
and Geographe – which will supply the growing<br />
gas needs of south eastern <strong>Australia</strong>.<br />
In 2004 the construction and commissioning of<br />
the SEA Gas Pipeline was completed, linking the<br />
Victorian and South <strong>Australia</strong>n gas markets. In this<br />
same year, Origin also acquired a 50% interest in<br />
the Kupe Gas Field and reached an agreement to<br />
acquire Edison Mission Energy’s 51.4% interest in<br />
Contact Energy in New Zealand.<br />
In 2005, production commenced at Origin’s<br />
Spring Gully gas processing facilities in Queensland<br />
and at the new SLIVER solar cells demonstration<br />
plant in South <strong>Australia</strong>.<br />
The BassGas Project, capable of meeting almost<br />
10% of Victoria’s gas needs, was commissioned in<br />
2006.<br />
In 2007 Origin acquired Sun Retail in Queensland<br />
and 840,000 customers to firmly establish its<br />
electricity base in South East Queensland, which<br />
will significantly boost its already established<br />
natural gas and LP Gas customer base in this market.<br />
78<br />
078-079_0rigin.p65<br />
78<br />
10/21/2007, 4:33 AM
THE MARKET<br />
They’re little and they stick — but not<br />
too hard. That’s why everyone loves<br />
Post-it® Notes! Yet the unique<br />
adhesive that makes these little notes<br />
so indispensable waited more than<br />
a decade for its chance to change<br />
the world.<br />
3M created an entirely new<br />
market when it launched<br />
Post-it® Notes. It is hard to<br />
know how offices survived<br />
before ‘Repositionable<br />
Notes’ were invented. In<br />
any office today,<br />
computer terminals,<br />
doors, desks and folders<br />
will be dotted with the familiar brightly-coloured<br />
notes. They have become an essential element of<br />
our working - and home - lives. The Post-it® Note<br />
is a product we didn’t realise we needed until it was<br />
invented.<br />
Doing away with the need to scribble on pieces<br />
of paper and attach notes with paper clips, Postit®<br />
Notes target any business which needs to<br />
remember, communicate and organise information;<br />
in other words, every business. According to 3M’s<br />
research, secretarial is the largest slice of the Postit®<br />
Note market, with big users including education,<br />
management training and the small office/home<br />
office (SOHO) sector.<br />
Despite what everyone says<br />
about e-mail doing away with the<br />
hand-written word, 75 per cent of<br />
adults are described as ‘note<br />
writers’. Of these, 56 per cent are<br />
heavy users of repositionable<br />
notes, 30 per cent are light users<br />
and 14 per cent don’t use them at<br />
all. Curiously, 71 per cent of heavy<br />
repositionable note users are<br />
women. Women also go for the<br />
brightly coloured notes more than<br />
men, which partly explains why<br />
Post-it® Notes are now available<br />
in many more colours than the<br />
original Canary® Yellow.<br />
ACHIEVEMENTS<br />
The Post-it® Note was a genuinely<br />
important invention. Fortune<br />
Magazine recognised this when, in<br />
November 1999, it ranked the Postit®<br />
Note in its Products of the<br />
Century League. Alongside the<br />
paper clip, the Xerox photocopier<br />
and fax machine, the Intel<br />
microprocessor and the Apple<br />
Macintosh, 3M’s adhesive note was judged<br />
to be a product that has helped to revolutionise the<br />
workplace.<br />
As with other brand names in the Fortune league<br />
- like Xerox and Hoover - the Post-it® is one of<br />
those rare trademarks which has gained fame the<br />
world over and is immediately identified with 3M’s<br />
innovative repositionable yellow notes. That in itself<br />
is an enviable achievement and a formidable<br />
marketing position for any brand.<br />
Not surprisingly, brand awareness is very<br />
high, with 62 per cent spontaneous<br />
and 95 per cent prompted awareness.<br />
The Post-it® Note, and its<br />
inventor, Art Fry, have been suitably<br />
honoured over the years. Fry<br />
received the Outstanding Alumni<br />
Award from the University of<br />
Minnesota, the Premio Smau<br />
Industrial Design Award from<br />
the Italian Design Association<br />
and was voted one of the best<br />
100 people in the world by<br />
Esquire Magazine. The product<br />
has even been celebrated in a<br />
book, called ‘Rapid Problem<br />
Solving with Post-it® Notes’.<br />
HISTORY<br />
In the 1970s, 3M scientist Art Fry used<br />
to sing in a church choir on Sundays. His idea for<br />
the Post-it® Note came when he was looking for a<br />
way of organising musical scores and song sheets<br />
for the service. Making do with marks made from<br />
small slips of paper, he began to think of how he<br />
ideally needed a bookmark that would attach and<br />
detach lightly, stick without falling off and not<br />
damage the paper.<br />
Dr. Spencer Silver, a 3M scientist, had discovered<br />
the formula for the sticky stuff back in 1968. But it<br />
was Art Fry who finally came up<br />
with a practical use for it. So, taking<br />
advantage of a 3M policy known<br />
as the “bootlegging” policy, Fry<br />
used a portion of his working hours<br />
to develop a solution to his<br />
problem. Now the world is singing<br />
the praises of his pet project: Postit®<br />
Notes.<br />
After years of product<br />
development, 3M introduced the<br />
concept of Post-it® Notes in four<br />
major markets in 1977. But without<br />
samples to try, consumers didn’t<br />
catch on. A year later, 3M<br />
blanketed the Boise, Idaho, market<br />
with samples of Post-it® Notes.<br />
After trying the notes, more than<br />
90 percent of users said they’d buy<br />
the product themselves. By 1980,<br />
Post-it® Notes were being sold<br />
nationally in the USA. Today,<br />
they’re used and enjoyed<br />
throughout the world.<br />
80<br />
080-081_post-it.p65<br />
80<br />
10/23/2007, 8:58 AM
THE MARKET<br />
Qantas is the world’s second oldest airline and<br />
<strong>Australia</strong>’s leading airline, operating more than<br />
5,000 domestic flights a week under the Qantas,<br />
QantasLink and Jetstar brands. The airline serves<br />
57 destinations in <strong>Australia</strong>, across all states and<br />
mainland territories. The Qantas Group operates<br />
nearly 750 international flights every week, offering<br />
services to 82 overseas destinations in 36 countries<br />
(including codeshare services). The airline serves<br />
major cities in the Asia/Pacific region, the UK,<br />
Europe, North America, South America and<br />
southern Africa.<br />
The Qantas Group carried nearly 34 million<br />
passengers in the year ended 30 June, 2006.<br />
ACHIEVEMENTS<br />
Qantas has a widely acknowledged history of<br />
innovation. As early as 1958, it pioneered a roundthe-world<br />
service, with two Super Constellations<br />
circumnavigating the globe in opposite directions.<br />
In 1979 it was the first airline to introduce Business<br />
Class.<br />
Qantas has twice won the prestigious<br />
Cumberbatch trophy - awarded by the British Guild<br />
of Air Pilots and Air Navigators for safety and<br />
reliability.<br />
Qantas is committed to the highest standards of<br />
corporate social responsibility and is a proud<br />
financial and hands-on supporter of a wide range<br />
of community, arts and sporting organisations. In<br />
April 2003, Qantas was awarded the inaugural<br />
Queensland Community Foundation Award in<br />
recognition of the company’s ongoing support of<br />
communities in need, with particular mention of<br />
Qantas’ efforts following the tragic bombings in<br />
Bali in October 2002.<br />
In 2003 Qantas and long-term partner UNICEF<br />
were awarded the <strong>Australia</strong>n Financial Review<br />
Magazine’s award for outstanding long term<br />
partnership.<br />
HISTORY<br />
Qantas was established by pioneer aviators Paul<br />
McGinness and Wilmot Hudson Fysh on their<br />
return from service with the <strong>Australia</strong>n Flying Corps<br />
in World War I, and grazier, Fergus McMaster. It<br />
was registered in Brisbane on 16 November 1920.<br />
The company takes its name from the initial letters<br />
in the words in the original registered title -<br />
Queensland and Northern Territory Aerial Services<br />
Limited. The company began its operations with<br />
joy rides and air taxi flights. Regular scheduled<br />
airmail and passenger services began on 2<br />
November 1922, from Charleville to Cloncurry in<br />
rural Queensland. The journey of 923 kilometres<br />
took two days with an overnight stop at Longreach.<br />
In 1919 McGinness and Hudson Fysh were<br />
commissioned to find suitable landing grounds for<br />
a Great Britain-<strong>Australia</strong> air race. After completing<br />
the survey in a Model T Ford, they were convinced<br />
that air travel was the ideal alternative for crossing<br />
sparsely populated country where roads were<br />
almost non-existent. McGinness soon pursued<br />
other interests, Fysh - later Sir Hudson - remained<br />
with the company for 46 years. He was knighted in<br />
1953 and retired as Chairman in 1966.<br />
Qantas has played a key role in the development<br />
of <strong>Australia</strong>n and international aviation. In 1928 it<br />
operated the first flying doctor service for the<br />
Reverend John Flynn’s <strong>Australia</strong>n Inland Mission.<br />
In 1931 Qantas made its first link with Imperial<br />
Airways (a predecessor of British Airways) when it<br />
carried mail to Darwin as part of an experimental<br />
<strong>Australia</strong>-UK service.<br />
The year 1934 saw the formation of Qantas<br />
Empire Airways Limited, with Imperial Airways<br />
holding 50 per cent. The two airlines began regular<br />
<strong>Australia</strong>-UK services in December 1934, initially<br />
carrying only mail.<br />
A Qantas aircraft flew overseas for the first time<br />
in February 1935 when a DH86 operated the<br />
Brisbane to Singapore section of the service, and<br />
the first Qantas overseas passenger left Brisbane<br />
for Singapore in April 1935. Four-engined Shorts<br />
‘Empire’ flying boats brought new levels of luxury<br />
and comfort to the <strong>Australia</strong>-UK service from July<br />
1938.<br />
THE PRODUCT<br />
All Qantas aircraft are maintained to the highest<br />
standards and are flown by some of the world’s<br />
most experienced pilots. Qantas also undertakes<br />
engineering, pilot and cabin crew training for<br />
customer airlines.<br />
Qantas’ total fleet currently comprises of nearly<br />
216 aircraft, comprising Boeing 747s, 767s, 737s and<br />
717s. The group also operates Airbus A330s and<br />
82<br />
082-083_qantas.p65<br />
82<br />
10/21/2007, 7:01 AM
THE MARKET<br />
Property is a significant asset class<br />
which continues to play a vital role<br />
in the economic health and wealth<br />
of <strong>Australia</strong>. In fact around 70 per<br />
cent of <strong>Australia</strong>ns own a home,<br />
one of the highest home<br />
ownership rates in the world.<br />
Since 1992, <strong>Australia</strong> has<br />
enjoyed unprecedented economic<br />
expansion – the longest<br />
uninterrupted growth spurt in our<br />
nation’s history. Add low levels of<br />
unemployment and inflation along<br />
with productivity, business<br />
investment and stock exchange<br />
highs, and it’s easy to see why<br />
residential, commercial and rural<br />
property markets have continued<br />
to shine.<br />
<strong>Australia</strong>’s tax laws also favour property<br />
investment. <strong>Australia</strong> is one of only a handful of<br />
countries which have sensibly introduced<br />
unrestricted ‘negative gearing’. Negative gearing<br />
was introduced in the 1980s as an initiative to<br />
encourage income earners to become landlords and<br />
as such support the supply of rental properties.<br />
With 1.4 million landlords, it’s fair to say the<br />
initiative has worked well. Indeed the appeal of<br />
negative gearing into property was further<br />
enhanced by the Federal Government’s decision<br />
to halve the rate at which capital gains are taxed,<br />
back in the late 1990s.<br />
ACHIEVEMENTS<br />
Raine & Horne celebrates its 125th year of offering<br />
a complete professional Real Estate service to all<br />
<strong>Australia</strong>ns in 2008. The company has enjoyed an<br />
excellent reputation and goodwill is said to be<br />
amongst the highest in the industry with national<br />
sales figures amongst the best in <strong>Australia</strong>.<br />
Since 1883, Raine & Horne has been inextricably<br />
linked to the <strong>Australia</strong>n property market and today<br />
boasts more than 5,000 people and over 400 offices<br />
<strong>Australia</strong>-wide, operating under the Raine & Horne<br />
banner. Combine this with over 40 offices in Asia/<br />
Pacific and Europe, and Raine & Horne is one of<br />
the world’s most substantial real estate networks.<br />
These worldwide offices provide an invaluable<br />
source of local demographic and market information<br />
for all Raine & Horne clients. The global network<br />
also provides every Raine & Horne client with a<br />
platform to market their property internationally in<br />
a cost effective, direct, and well-informed way. As<br />
with any other commercial endeavour, knowledge<br />
is power and in the international arena, power is<br />
everything.<br />
Raine & Horne is a success<br />
not only because it employs the<br />
best people, but also because it<br />
aligns itself with the best<br />
organisations internationally.<br />
This enables Raine & Horne<br />
offices in <strong>Australia</strong> to promote<br />
properties to the international<br />
market place without the cost,<br />
saving clients thousands.<br />
HISTORY<br />
The Raine & Horne story is closely tied to the<br />
growth and progress of the real estate industry.<br />
In 1883, real estate pioneers Tom Raine and<br />
Joseph Horne opened the doors of <strong>Australia</strong>’s<br />
iconic property firm Raine & Horne for the first<br />
time.<br />
Operating from Wentworth Court, Elizabeth<br />
Street in Sydney, Raine & Horne adhered to a set of<br />
business practices that have been<br />
maintained to the present day. The<br />
property pioneers committed to<br />
personalised service and to<br />
meeting a client’s property needs<br />
across sales, leasing, management<br />
and consulting services, for all<br />
types of property.<br />
In the 1880s, the responsibilities<br />
of a land agent were all<br />
encompassing and included<br />
residential sales, valuations<br />
consultancy and rent collection.<br />
This broad background provided<br />
the foundation for Raine &<br />
Horne’s outstanding reputation<br />
and has helped hundreds of<br />
thousands of homebuyers buy<br />
into the “Great <strong>Australia</strong>n Dream”.<br />
By the 1970s and driven by the<br />
enthusiasm of current Chairman Max Raine, the<br />
Raine & Horne network stretched across Sydney.<br />
Not satisfied with the extent of expansion, the Raine<br />
& Horne Board decided that Raine & Horne would<br />
become only the second property group to pursue<br />
a franchising business model. This proved a major<br />
watershed for Raine & Horne, which opened its<br />
first franchised office, Raine & Horne Liverpool<br />
NSW, in 1976. As a result, Raine & Horne now has<br />
offices in the <strong>Australia</strong>n Capital Territory,<br />
Queensland, South <strong>Australia</strong>, Northern Territory,<br />
Tasmania, Victoria, and Western <strong>Australia</strong> as well<br />
as more than 40 offices globally.<br />
Raine & Horne is today one of<br />
the oldest privately owned firms in<br />
the southern hemisphere and<br />
through its 125 years has survived<br />
world wars, booms, busts and<br />
depressions. It is now into its fourth<br />
generation of family ownership with<br />
Angus Raine taking over as the<br />
company’s CEO in December 2006.<br />
84<br />
084-085_raine & horne.p65<br />
84<br />
10/21/2007, 5:47 AM
THE MARKET<br />
Office paper performs an essential role in our<br />
day to day lives. In a world where our lifestyle<br />
depends on so many things made from nonrenewable<br />
resources it remains a unique, fully<br />
recyclable product made from natural materials.<br />
Technology has dramatically increased the<br />
amount of data available to businesses and<br />
paper remains an important tool in managing<br />
this flow of information. The unique physical<br />
presence of paper continues to make it an ideal<br />
technology for developing and sharing<br />
information and ideas in homes and offices<br />
throughout <strong>Australia</strong>.<br />
The office papers market in <strong>Australia</strong><br />
continues to grow. In recent years there has<br />
been a higher level of consumer focus on<br />
environmental issues in the office paper<br />
category. In response to this trend, Reflex<br />
Recycled continues to grow at well above market<br />
rates based on its premium quality positioning.<br />
Being <strong>Australia</strong>n made using locally sourced waste<br />
paper, Reflex Recycled contributes to reducing<br />
<strong>Australia</strong>n landfill.<br />
ACHIEVEMENTS<br />
Reflex is the most recognised office paper brand in<br />
the <strong>Australia</strong>n market with close to 100 per cent<br />
total recall amongst paper buyers. Following its<br />
release in 1984, Reflex was the first office paper in<br />
the world to be advertised on television and is now<br />
the most widely distributed and leading brand of<br />
office paper in the <strong>Australia</strong>n market.<br />
Reflex is ranged across a broad spread of<br />
channels from supermarket retailers to large contract<br />
stationers. The<br />
Reflex brand was originally launched with the key<br />
product offering, Reflex A4. Over the past 23 years,<br />
the offer has expanded to include a range of sizes<br />
as well as Reflex Unwrapped, Reflex Colours, Reflex<br />
Recycled, Reflex Laser and Reflex Platinum.<br />
In 2006, Reflex demonstrated environmental<br />
leadership by becoming the first <strong>Australia</strong>n made<br />
office paper to achieve Forest Stewardship Council<br />
(FSC) Chain of Custody Certification (SW-COC-<br />
1966) for A4 Reflex products manufactured at the<br />
Maryvale Mill in Victoria.<br />
The FSC is an international not-for-profit<br />
organisation which promotes responsible<br />
stewardship of the world’s forests. Currently, WWF<br />
(formerly known as the World Wildlife Fund)<br />
considers FSC certification the most credible forest<br />
certification system that<br />
ensures environmentally<br />
responsible, socially<br />
beneficial and economically<br />
viable management of<br />
forests.<br />
HISTORY<br />
By the early 1980s, dry<br />
toner photocopying<br />
machines had become the<br />
dominant office printing<br />
technology and demand for<br />
office paper was booming.<br />
At the time, price was a<br />
major driver of purchase,<br />
yet research showed that<br />
paper buyers regarded<br />
quality as more important<br />
than price. Following further market research,<br />
local manufacturer APPM rebranded its<br />
premium office paper, “Reflex”.<br />
To support the launch of this new<br />
copy paper brand, a powerful integrated<br />
marketing campaign was developed.<br />
Success in the form of sales growth<br />
was immediate and Reflex went on to<br />
become a household name.<br />
APPM became <strong>Australia</strong>n Paper<br />
after the company was purchased by<br />
Amcor in 1993 and key Reflex products<br />
were transferred to <strong>Australia</strong>’s largest<br />
paper making complex at Maryvale in<br />
Victoria’s Latrobe Valley. Reflex was<br />
given a further quality boost in<br />
February, 1999 with the investment of<br />
$300 million in a new, world class paper<br />
machine at the Maryvale Mill. In April 2000,<br />
Amcor demerged its fine papers division to form<br />
PaperlinX which was then listed on the<br />
<strong>Australia</strong>n Stock Exchange. PaperlinX Office<br />
(www.paperlinxoffice.com.au) was formed in 2006<br />
as a new integrated office products business.<br />
One of its key responsibilities is the ongoing<br />
development of the Reflex brand.<br />
THE PRODUCT<br />
Over the past two decades, <strong>Australia</strong>ns have<br />
continued to rely on Reflex for its superior quality,<br />
reliability and performance.<br />
Reflex maintains its premium quality,<br />
consistency and reliability by using advanced<br />
technology during the manufacturing process.<br />
The paper surface has been specially developed<br />
to ensure guaranteed performance. Paper quality<br />
86<br />
086-087_reflex.p65<br />
86<br />
10/21/2007, 7:04 AM
THE MARKET<br />
The razor blade market in <strong>Australia</strong> is currently<br />
valued at approximately $198 million split between<br />
replaceable razor blades ($106m), disposable razors<br />
($65m) and razors ($25m).<br />
The past few decades have seen some fairly<br />
dramatic technological changes in the wet shaving<br />
market. In the early 1960s the market was dominated<br />
by carbon steel double blades, slowly replaced by<br />
stainless steel towards the end of the decade. The<br />
1970s saw the first systems products evolve and<br />
the introduction of the disposable razor. The first<br />
half of the 1980s was the era of the disposable as<br />
they became widely available in all forms - single<br />
blade, twin blade, fixed and swivel heads. Since<br />
then, the systems razors have benefited immensely<br />
from technological advances. Razor handles<br />
designed specifically for women have been<br />
introduced, as well as lubricating strips, guard bars<br />
and an increasing number of blades all attempting<br />
to deliver a closer, more comfortable shave.<br />
ACHIEVEMENTS<br />
One of the most noteworthy accomplishments of<br />
the Schick Shaving Products Group was the<br />
development of a one-push cleaning feature to aid<br />
in removing debris from between blades. Clean<br />
blades last longer and provide a closer shave.<br />
Many razor systems<br />
produced by the Schick<br />
Shaving Products Group<br />
have a comfort or lubricating<br />
strip located on the cap<br />
above the blades. Warner<br />
Lambert originally patented<br />
this improvement to the daily<br />
shave. These strips, some of<br />
which contain aloe, are made<br />
from water-soluble polymer.<br />
When activated by water<br />
they provide lubrication that<br />
makes the shave more<br />
comfortable. Another<br />
approach to the same end is<br />
used on many products, in<br />
which an aquaglide strip is<br />
positioned on the cartridge<br />
cap. When wet, the strip<br />
becomes extremely slippery<br />
and reduces the friction<br />
between skin and blade.<br />
These innovative materials<br />
are safe to the consumer and<br />
effective in improving<br />
shaving comfort.<br />
In an effort to develop an extremely safe shaving<br />
system the twin blades in some products are<br />
wrapped with very thin wire. Patented Microfine<br />
Wire Wraps protect the skin from nicks, cuts and<br />
irritation while providing the closeness the shaver<br />
needs.<br />
Another major development in shaving is the<br />
flexible cartridge. A sophisticated design and special<br />
materials allow the blades to flex to the contours of<br />
the area being shaved. The innovative flexing action<br />
of the twin blade cartridges shaves like no other<br />
system and conforms to the unique shape of every<br />
face.<br />
Schick’s entry into the women’s blade market<br />
was in 1995 with the Schick Silk Effects for Women<br />
Razor. This razor has patented micro-fine wires<br />
wrapped around twin blades which make getting a<br />
closer shave gentler on your skin. The razor was<br />
the first designed specifically to meet women’s<br />
needs - not just an adaptation of a man’s razor.<br />
Since then Schick has continued to launch<br />
innovative new shaving solutions into the women’s<br />
wet shave market and their differentiated portfolio<br />
of products has seen them recently become the<br />
market leaders within women’s razors in the<br />
<strong>Australia</strong>n market (Aztec scan data MAT 19/8/07).<br />
Schick has been first to market with a number of<br />
products: the first triple<br />
bladed disposable, the<br />
Xtreme3; the first all-in-one<br />
women’s shaving system,<br />
Intuition; as well as the first<br />
four-bladed razor, Quattro.<br />
The Xtreme3 disposable is<br />
currently the number one<br />
selling disposable brand.<br />
HISTORY<br />
Schick traces its origins to the<br />
inventive US Army Lieutenant<br />
Colonel Jacob Schick. He<br />
retired from the military in 1910<br />
but then returned to service<br />
at the start of World War I. In<br />
1921, inspired by the army<br />
repeating rifle, Colonel Schick<br />
invented a new type of safety<br />
razor - the Magazine<br />
Repeating Razor. It had<br />
replacement blades stored in<br />
the handle ready to be fed into<br />
shaving position without the<br />
chore and danger of handling<br />
a sharp blade. Production of this innovative razor<br />
started in Jersey City in 1926. These razors were<br />
the forerunners to the famous Injector Razor. In<br />
1927, Schick sold all his interest in the Magazine<br />
90<br />
090-091_Schick.p65<br />
90<br />
10/21/2007, 5:59 AM
THE SCHWEPPES DEVICE AND THE BUBBLE DEVICE ARE TRADE MARKS OF THE CADBURY SCHWEPPES GROUP USED UNDER LICENCE IN AUSTRALIA BY CADBURY SCHWEPPES PTY LTD.<br />
THE MARKET<br />
Every <strong>Australia</strong>n drinks an average of 119 litres of<br />
soft drinks a year, which makes the carbonated<br />
beverage market in <strong>Australia</strong> one of the largest in<br />
the world.<br />
The total Non Alcoholic Ready to Drink<br />
beverage market is growing at nearly 6% in 2007,<br />
with soft drinks, mixers and mineral waters all in<br />
growth, due primarily to product innovation<br />
delivering healthier options, consumer promotions<br />
and increased advertising support.<br />
ACHIEVEMENTS<br />
The Schweppes brand is the number one mixer<br />
brand nationally, in terms of both volume and value.<br />
Schweppes Mixers have more than 5 times the<br />
market share of any other brand in <strong>Australia</strong>, due<br />
largely to a relentless focus on product quality,<br />
innovation and the fact that Schweppes delivers<br />
more than 95% of the advertising support for the<br />
entire category.<br />
Schweppes is also the leading mineral water<br />
brand in terms of value, across the entire market.<br />
Schweppes Lemonade was re-launched in early<br />
2007 and the results have been exceptional. Building<br />
on its position as an <strong>Australia</strong>n icon brand,<br />
Schweppes Lemonade has shown growth of over<br />
35% in the 2 months since it’s relaunch in April.<br />
Featuring the launch of Schweppes Lemonade<br />
‘Sugarfree’, this activity has exceeded all<br />
expectations.<br />
It was also the only Lemonade brand in growth<br />
throughout 2006, adding over $2.8m to the category.<br />
The Schweppes Traditionals range of flavours<br />
and Schweppes cordials are also strongly<br />
performing product offers, with Schweppes cordials<br />
the clear market leader in the hotel/bar channel.<br />
Also, the combined Schweppes beverage<br />
business (inclusive of brands like Solo, Sunkist &<br />
Cottee’s) is now the largest non-cola beverage<br />
business in <strong>Australia</strong> within the national measured<br />
market. The strength of these brands has also<br />
resulted in market leadership of non-cola<br />
carbonates within the O&C channel.<br />
HISTORY<br />
In 1783 Jacob Schweppes, a German born jeweller<br />
and an amateur scientist invented a method of<br />
producing carbonated water on a commercial scale.<br />
This invention set the foundations of a<br />
multibilliondollar soft drinks<br />
industry.<br />
Schweppes became a<br />
public company<br />
and quickly<br />
established<br />
a reputation<br />
for innovation<br />
and forward<br />
thinking. Several<br />
products launched<br />
in the World War I<br />
era are still around<br />
today – Schweppes<br />
Tonic Water, Schweppes<br />
Ginger Ale, Schweppes Ginger<br />
Beer and Schweppes Bitter Lemon.<br />
MIX WITH THE BEST<br />
The company merged with Cadbury plc in<br />
1969, leading to the formation of Cadbury<br />
Schweppes, a major force in international<br />
markets. Today the Schweppes brand<br />
is recognised worldwide for its<br />
quality and is available in more<br />
than 75 countries.<br />
In <strong>Australia</strong>, Schweppes<br />
enjoys the unique position of<br />
being the most trusted soft<br />
drink brand in the country. A<br />
household favourite for<br />
92<br />
092-093_schweppes.p65<br />
92<br />
10/21/2007, 6:01 AM
THE MARKET<br />
Since the 1930s, adhesive tapes have become a<br />
basic necessity for every office, shop, factory and<br />
home. The range of adhesive tape applications is<br />
now so diverse that the industry has become highly<br />
specialised, with ever increasing levels of<br />
technology and expertise required.<br />
The worldwide popularity of 3M’s transparent<br />
tape has made the term “Scotch tape” universally<br />
known. In fact, however, Scotch is a brand name,<br />
exclusive to the 3M family of pressure-sensitive<br />
adhesive tapes.<br />
In 2006, 3M estimated that the global market for<br />
Consumer and Office Business was more than US$3<br />
billion.<br />
ACHIEVEMENTS<br />
More than 400 varieties of adhesive tape have<br />
reached the market under the Scotch and 3M brand<br />
names. Scotch brand tapes are everywhere on the<br />
globe, and most people consider tape an<br />
indispensable part of their lives.<br />
Scotch rates third in brand familiarity surveys in<br />
the United States, with a recognition rate of 89 per<br />
cent. It rates even better when respondents are<br />
asked to state their attitude to the brand; Scotch is<br />
second in people’s affections, also with 89 per cent.<br />
Scotch products have been on the market for<br />
over 75 years, the plaid design threading these years<br />
of innovation together. In today’s society, the<br />
frantic lifestyles that many people lead are leaving<br />
consumers time poor and seeking products to<br />
assist in daily tasks.<br />
The recent invention of the Scotch Pop Up<br />
Giftwrap Tape Dispenser by 3M is an example of<br />
such a product. These innovative yet very simple<br />
dispensers are designed to dispense pre-cut strips<br />
of Scotch tape one at a time. No more messing<br />
around with scissors or fiddling with tape that has<br />
doubled over on itself, or not having enough hands<br />
to hold the present as well as cut the tape! The<br />
handy pop-up dispenser can be worn on your hand<br />
or wrist completely freeing up your hands for<br />
giftwrapping.<br />
HISTORY<br />
In the 75 years since its invention, Scotch®<br />
Transparent Tape has become one of those rare<br />
products found in virtually every American or<br />
<strong>Australia</strong>n office and home. It is available all around<br />
the world. It was the first transparent tape invented<br />
and remains today the market leader.<br />
But when its inventor, a brash, banjo-playing<br />
3M engineer, cooked up the formula for the<br />
forerunner of transparent tape, he had in mind<br />
neither universal popularity nor the countless uses<br />
it has today.<br />
In fact, tape may not have been invented at all if<br />
young Richard G. Drew hadn’t happened to walk in<br />
on a St. Paul auto painter who had just ruined a<br />
paint job on a brand new Packard.<br />
Drew had joined 3M in 1921. Back then, the<br />
company was a struggling sandpaper manufacturer.<br />
He had taken a trial batch of newly developed<br />
waterproof sandpaper to a local auto body shop<br />
for testing. This is where he saw the problem: twotone<br />
paint finishes on cars had just been introduced<br />
and become all the rage. But during the spray<br />
painting of the cars, there was no effective way to<br />
keep one color masked from the other. Drew vowed<br />
that he would develop a tape to make two-tone<br />
paint application easy.<br />
By happy coincidence, 3M management was<br />
searching for a way to diversify the company. They<br />
gave Drew the time and financial backing to conduct<br />
some experiments.<br />
The young inventor’s impulsive promise turned<br />
into two years of toil. Seeking the perfect adhesive,<br />
Drew experimented with vegetable oils, various<br />
resins, chicle, linseed and glue glycerin. For the<br />
tape base, he finally settled on some leftover treated<br />
crepe paper.<br />
3M’s chief chemist took samples of the new tape<br />
to the automakers in Detroit. They immediately<br />
placed an order for three carloads. It was 1925.<br />
Masking tape was born. And 3M, a sandpaper<br />
manufacturer in its 23rd year, found itself in a new<br />
business – pressure-sensitive adhesives.<br />
Five years later, Drew conceived the product<br />
that would bring 3M worldwide fame. Like masking<br />
tape, this innovation was inspired by customer need.<br />
A St. Paul firm had an order to insulate hundreds<br />
of refrigerated railroad cars, and needed a<br />
waterproof seal. The insulation firm consulted 3M,<br />
and Drew, now resident pressure-adhesives expert,<br />
94<br />
094-095_scotch.p65<br />
94<br />
10/21/2007, 6:05 AM
THE MARKET<br />
The Scouting program delivered by Scouts<br />
<strong>Australia</strong>, prepares young people aged 6-26 for<br />
business and community leadership, developing<br />
life skills, teamwork and leadership skills through a<br />
value based program called the Scout Method.<br />
However in recent times, available activities for<br />
young people have increased dramatically.<br />
Scouting now competes with organised sport,<br />
other youth development programs and informal<br />
leisure activities such as computer games and TV.<br />
The demands on school students are everincreasing,<br />
and school activities and homework are<br />
taking up more of young people’s time.<br />
As a result, young people have less available<br />
time, and more choices than ever before, putting<br />
Scouting in a competitive market environment.<br />
ACHIEVEMENTS<br />
Since its inception in 1907, Scouting has spread to<br />
all but six countries in the world, and membership<br />
is now estimated at 28 million. With an emphasis<br />
on peace, education and understanding, it<br />
transcends all cultures, religions, races, politics, age<br />
and gender barriers. Tens of thousands of young<br />
people from around the globe meet every four years<br />
at World Jamborees to share in the fun and exchange<br />
of knowledge and understanding such events have<br />
to offer. Every day, hundreds of thousands of<br />
projects that benefit local communities are<br />
conducted by Scouts working to improve their<br />
world.<br />
An estimated 2 million <strong>Australia</strong>ns have been<br />
Scouts since it was founded in <strong>Australia</strong> in 1908.<br />
Many of these have used the skills and confidence<br />
gained in Scouts, to achieve success in their<br />
careers, or other community contributions. Scouts<br />
<strong>Australia</strong> has taught millions of young people<br />
resourcefulness, self reliance, leadership, decision<br />
making and concern for their community and the<br />
environment.<br />
The significant benefits Scouting brings to the<br />
community has recently been acknowledged by<br />
the <strong>Australia</strong>n Government which has declared 2008<br />
as “The Year of the Scout”.<br />
HISTORY<br />
On 1 August 1907, Lord Robert Baden-Powell, held<br />
the very first ‘Scout camp’ for a group of 20 boys<br />
on Brownsea Island in the UK. B-P as he is known,<br />
was a national hero in the UK, following his victory<br />
over the Boers at the siege of Mafeking during the<br />
Boer War. He had developed a method of ‘Scouting’<br />
which he taught his soldiers, involving keen<br />
observation and self reliance. On his return to the<br />
UK, he was encouraged to apply his methods to<br />
the training of boys, and thus held the Brownsea<br />
Island camp. The boys lived in tents, cooked their<br />
own food and learnt many valuable skills through<br />
games.<br />
The camp was extremely successful and BP then<br />
began a fortnightly publication ‘Scouting for Boys’<br />
which the youth of the UK quickly adopted and<br />
started to follow. <strong>Australia</strong> was one of the first<br />
countries to adopt Scouting. In early 1908 the<br />
Sunday Times printed an article by Lord Baden-<br />
Powell about the Scouting Movement which raised<br />
much interest in <strong>Australia</strong>. By the end of 1908 Scout<br />
groups had formed throughout NSW, Queensland,<br />
Western <strong>Australia</strong> and Victoria.<br />
By 1922 a federal council of Scout groups had<br />
been established in <strong>Australia</strong>. The Scout<br />
Association of <strong>Australia</strong> was incorporated by Royal<br />
Charter and Act of Parliament in 1967 and the<br />
Association is a member of the World Organisation<br />
of the Scouting Movement.<br />
Today there are around 60,000 Members of<br />
Scouts <strong>Australia</strong>, including women and girls who<br />
were first admitted in the 1970s.<br />
THE PRODUCT<br />
Scouts <strong>Australia</strong> is <strong>Australia</strong>’s largest youth<br />
development organisation, and has over 1600<br />
Groups in all parts of the country. Scouting is<br />
inclusive and membership includes both girls and<br />
boys, Scouts from remote locations, Scouts with<br />
special needs, Scout Groups from particular cultural<br />
backgrounds, including Indigenous Groups. The<br />
aim is to encourage the physical, social, intellectual,<br />
emotional and spiritual development of young<br />
people so they take a constructive place in society<br />
96<br />
096-097_scouts.p65<br />
96<br />
10/21/2007, 6:10 AM
THE MARKET<br />
Winter in <strong>Australia</strong> is all about Football. The great<br />
game of Aussie Rules was formed in 1858 and to<br />
this day is the largest football code in <strong>Australia</strong>.<br />
Player participation in 2007 exceeds 700,000 people<br />
across a number of cultural, gender and social<br />
communities. Since 1990, player participation has<br />
increased by 32 per cent and the game has never<br />
been in a stronger position. At AFL level attendance<br />
rates are up 17 per cent since 2000. The competition<br />
is now truly national.<br />
The game is played in all States around the<br />
country and is developing in other markets such as<br />
New Zealand, Canada, USA, UK and South Africa.<br />
As the game has developed and grown to the<br />
size it is today there has been one brand that is the<br />
stable influence in the game: “The Sherrin” football.<br />
Sherrin is the official brand of the AFL, and sells<br />
over 500,000 balls into the <strong>Australia</strong>n market each<br />
year. The remarkable penetration of the Sherrin<br />
brand in <strong>Australia</strong> has been made possible by years<br />
of dedication to craftsmanship and providing the<br />
game with the best possible product.<br />
ACHIEVEMENTS<br />
The Sherrin brand has received numerous awards<br />
for its excellence of workmanship. As far back as<br />
1881 and 1888, Tom Sherrin was awarded a Diploma<br />
of Merit for his fine craftsmanship.<br />
Sherrin currently holds a dominant share of<br />
football sales and is the official ball of the AFL<br />
competition. It is the No.1 preferred football brand<br />
by most leagues.<br />
Sherrin is the official ball sponsor for the AFL<br />
Auskick program and is committed to the growth<br />
of participation at grass roots level.<br />
HISTORY<br />
Thomas William Sherrin grew up as one of nine<br />
children in a close family. Tom Sherrin didn’t follow<br />
his father into carpentry but decided to become a<br />
saddler, repairing and manufacturing horse saddles,<br />
bridles and other leather equipment.<br />
The saddlery where Tom worked was in<br />
Wellington Street, Collingwood. In the 1870s this<br />
area was dominated by tanneries and clothing and<br />
shoe manufacturers.<br />
Tom was involved with a small club close to<br />
work called the Britannia Football Club. <strong>Australia</strong>n<br />
Rules Football was a game derived from many fine<br />
sports including Irish<br />
Gaelic football, rugby<br />
and soccer. In its<br />
infancy, the game<br />
used rugby balls<br />
imported from<br />
England. The<br />
physical torture<br />
these balls<br />
endured in this<br />
tough, vibrant and<br />
robust new game<br />
created considerable wear.<br />
They were regularly<br />
sent to Tom’s saddlery<br />
to be repaired. Tom<br />
had to pull the ball<br />
apart in some cases to<br />
complete the repair work, and one day had a<br />
brainstorm which was to revolutionise the ball.<br />
The rugby ball was elongated, and used to wear<br />
heavily on the ends. Tom created a new shape and<br />
developed a pattern that made the ball rounder on<br />
the points. The ball was still oval in shape, but it<br />
bounced more evenly and was easier to kick. His<br />
design was quickly accepted.<br />
Tom scraped his pennies together and in 1879<br />
built a small factory at 32 Wellington Street in<br />
Collingwood. T.W. Sherrin Pty Ltd was now<br />
established, and Tom employed a small band<br />
of tradesmen to produce enough<br />
footballs to keep up with the<br />
strong demand. The<br />
design of the new ball<br />
was so widely<br />
accepted that<br />
the National<br />
Football<br />
League of<br />
<strong>Australia</strong><br />
eventually<br />
used the size<br />
and shape of<br />
the Sherrin<br />
football as the<br />
standard.<br />
When Tom passed away in 1912, the business<br />
was left to Tom’s nephew John Sydney Sherrin,<br />
who had served his apprenticeship with the<br />
company as a teenager. After his death in 1941, the<br />
War Department instructed young Tom (Syd’s son)<br />
to carry on the family business, and discharged<br />
him from duties with the Air Force.<br />
Tom was a very likeable man. He had a great<br />
association with the Collingwood<br />
Football Club and eventually<br />
became president between<br />
1963 and 1974. The<br />
Collingwood FC<br />
recognized the<br />
magnificent services<br />
of the Sherrin family<br />
in 1976, when they<br />
named their new<br />
stand at Victoria<br />
Park, “The Sherrin<br />
Stand”.<br />
During the<br />
1960s, Tom battled with<br />
his football business.<br />
He felt he had to double<br />
the production in order to absorb running costs<br />
and still remain profitable. Without growth, T.W.<br />
Sherrin Pty.Ltd. would stagnate, and he could not<br />
see a bright future for the next generation of the<br />
family. He finally sold the business to Spalding in<br />
1972.<br />
Tom stayed on as manager of the Sherrin<br />
division of Spalding until his death in 1978. The<br />
Sherrin takeover by Spalding appeared on the<br />
front page of every major newspaper in <strong>Australia</strong><br />
and made news bulletins in Europe<br />
and America.<br />
98<br />
098-099_sherrin.p65<br />
98<br />
10/21/2007, 6:13 AM
THE MARKET<br />
In little more than a century the small electrical<br />
appliance market in <strong>Australia</strong> has developed into a<br />
significant industry, with approximately 14.7 million<br />
units sold each year, at a total value of more than<br />
$910 million.<br />
Appliances such as irons and toasters, which<br />
were once considered luxuries, have become<br />
everyday household items.<br />
With new segments evolving to meet consumer<br />
demand and market trends, today’s aspirational<br />
appliances include home espresso machines and<br />
water filters, and products made from long-lasting<br />
materials such as die-cast alloy, ceramic or stainless<br />
steel.<br />
While an influx of imported appliances from Asia<br />
in the early ‘90s saw a surge in cheaper commodity<br />
products, recent market growth has primarily been<br />
driven by product innovation. A strong focus on<br />
local design and technology has resulted in<br />
significant growth at the premium end of the market.<br />
ACHIEVEMENTS<br />
Sunbeam is the name behind many of <strong>Australia</strong>’s<br />
iconic small appliances including the Mixmaster ® ,<br />
Electric Frypan, Toastermatic ® and Pro Steam ® Iron.<br />
Today Sunbeam is still the market leader, with<br />
particular dominance in toasters, kettles, fryware,<br />
electric blankets, irons, food processors, mixers and<br />
novelty appliances.<br />
Many innovative appliances have been the<br />
creation of Sunbeam’s <strong>Australia</strong>n based design<br />
team. The first plastic jug-style kettle, aptly named<br />
the Express Kettle ® , was launched in 1984, and<br />
revolutionised the kettle market. Utilising unique<br />
‘fast boil’ technology that boiled one cup of water<br />
in 30 seconds, it sold more than 200,000 units in the<br />
first 12 months.<br />
Also released in 1984 was the <strong>Australia</strong>n Design<br />
Award winning ‘Selectronic’ iron. It was the world’s<br />
first electronic iron and featured a patented<br />
‘automatic safety cut-out’ which represented a<br />
significant advancement in safety. This feature has<br />
since been licensed to manufacturers around the<br />
world.<br />
In collaboration with Paul Bassett, the youngest<br />
person and only <strong>Australia</strong>n to win the World Barista<br />
Championship, Sunbeam developed the world’s<br />
first twin pump, twin thermoblock domestic<br />
espresso machine in 2005. The innovative TPTT TM<br />
system enabled the machine to pour espresso and<br />
texture milk simultaneously like its commercial<br />
counterparts.<br />
Another market leading launch for Sunbeam was<br />
the world’s first “underfloor element” ceramic kettle.<br />
Combining the beauty of ceramic with 21st century<br />
technology, this twist on a familiar design was<br />
inspired by a growing trend in aspirational ceramic<br />
tableware.<br />
Sunbeam’s market leadership and innovation<br />
extends beyond product design and development.<br />
In 1987, for example, the company introduced the<br />
12 Month Replacement Guarantee across its entire<br />
range of appliances. This was an <strong>Australia</strong>n and<br />
world first and continues to be a strong part of<br />
Sunbeam’s commitment to product quality and<br />
customer satisfaction.<br />
As testament to its ongoing commitment to<br />
design excellence, Sunbeam has 33 <strong>Australia</strong>n and<br />
international design awards to its credit, including<br />
the prestigious Red Dot and iF awards. Locally,<br />
Sunbeam is the most awarded small appliance brand,<br />
recieving its seventh <strong>Australia</strong>n Design Award in<br />
2007 for the Ceramic Collection TM Kettle.<br />
HISTORY<br />
Sunbeam’s reputation for creating quality products<br />
dates back more than 85 years, when a sheep<br />
shearing equipment manufacturer diversified into<br />
small electrical appliances with the launch of the<br />
‘Princess’ dry iron.<br />
Since then, Sunbeam has been responsible for<br />
driving trends in small appliance design and<br />
technology, and established itself as an<br />
internationally recognised and respected brand.<br />
In 1996, <strong>Australia</strong>n manufacturer and marketer<br />
GUD Holdings added Sunbeam to its portfolio of<br />
market leading brands which today includes Victa<br />
lawncare products, Oates Cleaning hardware, Ryco,<br />
Wesfil and Goss automotive parts, and Davey<br />
pumps and water pressure systems.<br />
In 2004, Sunbeam established one of the largest<br />
electric blanket manufacturing facilities in the world,<br />
in a joint partnership with Europe’s leading electric<br />
blanket producer. It was also during this period<br />
that the Emjoi ® epilator and FoodSaver ® vacuum<br />
bag sealer brands were added to the Sunbeam range.<br />
Further cementing its position as a key<br />
international small appliance designer and marketer,<br />
Sunbeam opened a Hong Kong subsidiary in 2007<br />
to support its growing export program.<br />
THE PRODUCT<br />
Sunbeam continues to incorporate <strong>Australia</strong>n firsts<br />
100<br />
100-101_sunbeam.p65<br />
100<br />
10/21/2007, 6:16 AM
THE MARKET<br />
While <strong>Australia</strong> is a wealthy country, the<br />
unfortunate reality is that not every <strong>Australia</strong>n<br />
enjoys a life of comfort and prosperity.<br />
Homelessness, a crisis in our ability to care for<br />
older people, family breakdown and conflict,<br />
alarming levels of domestic violence and sexual<br />
abuse, inadequate provision for the mentally ill,<br />
and problems arising from drug, alcohol and<br />
gambling related addictions are growing challenges<br />
faced by the community and The Salvation Army.<br />
ACHIEVEMENTS<br />
The Salvation Army - affectionately known as ‘the<br />
Salvos’ - is one of this country’s most well-loved<br />
organisations, with research revealing it is the most<br />
highly thought of charity in <strong>Australia</strong>.<br />
The Salvation Army’s ‘Christianity with its<br />
sleeves rolled up’ ethos has endeared it to the<br />
<strong>Australia</strong>n public, in a country where religion has<br />
always struggled to gain acceptance.<br />
A reputation for being at the frontline of need<br />
was largely achieved through the strong presence<br />
of Salvation Army officers amongst <strong>Australia</strong>n<br />
armed forces in times of war. Assisting the troops,<br />
burying the dead and dispensing cups of tea, the<br />
Salvos were considered to be as much a part of the<br />
fighting forces as the soldiers themselves.<br />
The battle has not ended, and in times of<br />
emergency and national disaster today the Salvos<br />
are still there offering comfort and support. Recent<br />
years have seen ordinary <strong>Australia</strong>ns facing<br />
extraordinary disasters including the worst drought<br />
on record, the devastating Cyclone Larry in North<br />
Queensland, and countless bushfire and flood crisis<br />
situations.<br />
The Salvation Army’s commitment to helping<br />
the international community was particularly<br />
evident following the tragic Boxing Day<br />
Tsunami in 2004. Funds donated within<br />
<strong>Australia</strong> have supported three main projects<br />
in southern India, which aim to provide ongoing<br />
rehabilitation of housing needs and help restore<br />
the livelihoods of local people, who are mostly<br />
fishermen.<br />
The growing battle against poverty,<br />
addiction and despair rages daily for many<br />
<strong>Australia</strong>ns and their families - one of the most<br />
important aspects of The Salvation Army’s work<br />
is its provision of caring social and community<br />
services from day to day.<br />
HISTORY<br />
The Salvation Army was founded in 1865 in the<br />
slums of London by a former Methodist<br />
minister, William Booth, who wanted to make<br />
the church more accessible to the whole<br />
community. At the time, many poor and working<br />
class people were excluded from the churches.<br />
Originally known as the Christian Mission, the<br />
name ‘The Salvation Army’ was adopted in 1878<br />
and since then the organisation’s structure has<br />
been based on military lines.<br />
Initially Booth’s Christian Mission intended to<br />
gather the poverty-stricken multitudes of London’s<br />
East End and link them up with existing churches.<br />
However, as such people were regarded as outcasts<br />
and were not welcomed by the wealthy and<br />
respectable church members of the day, Booth was<br />
forced to provide a more permanent organisation<br />
for the ongoing spiritual care of his converts.<br />
Booth’s concern for the destitute masses of<br />
England was not only spiritual. The more he learned<br />
of the plight of the thousands spurned by Britain’s<br />
industrial revolution, the more determined he was<br />
to see lasting social change.<br />
From the Army’s earliest days, various social<br />
programs had grown up alongside the mission’s<br />
spiritual ministry, including food shops, shelters,<br />
and homes for ‘fallen’ girls.<br />
However, these were just the first elements in a<br />
88<br />
088-089_salvos.p65<br />
88<br />
10/21/2007, 5:55 AM
THE MARKET<br />
The <strong>Australia</strong>n market for automotive lubricants<br />
and car care products is changing. The<br />
increased cost to run and maintain a motor<br />
vehicle has influenced consumer<br />
behaviour. The majority of motorists are<br />
DIFM (Do-it-for-me) consumers, having<br />
their oil professionally changed as part<br />
of the car service at a car dealership<br />
or workshop. Extended car<br />
manufacturer warranties and<br />
the time and cost to service<br />
vehicles all influence the<br />
consumer’s choice of<br />
service provider. The DIY<br />
(Do-it-yourself) market is<br />
relatively small in<br />
comparison. Consumers in<br />
the DIY market can be<br />
segmented into two broad<br />
groups: enthusiasts who<br />
enjoy tinkering with their car,<br />
and pragmatists who<br />
change the oil themselves<br />
in order to save money.<br />
The automotive lubricant<br />
market is a mature market with<br />
volume expected to decline over<br />
time given that crankcase<br />
capacities are decreasing and<br />
service intervals are<br />
increasing. This change,<br />
along with more<br />
demanding manufacturer<br />
specifications designed to increase<br />
fuel economy and protect vital<br />
engine parts, is placing more<br />
pressure on the engine oil to<br />
perform than ever before and<br />
will increase the demand for<br />
premium, quality lubricants<br />
in the longer term in both<br />
market segments.<br />
ACHIEVEMENTS<br />
In a category where the<br />
consumer cannot taste, feel<br />
or interact with the<br />
product, the Valvoline<br />
brand is seen as a premium<br />
lubricant specialist and has earned<br />
a high level of consumer trust and<br />
advocacy. Valvoline has consistently grown<br />
its volume and share in a mature <strong>Australia</strong>n<br />
automotive lubricant market by seeking<br />
to understand its customers and<br />
developing new products and<br />
services to best serve them.<br />
In the DIY category, Valvoline<br />
was the first to introduce the<br />
successful 6 litres Value Pack<br />
concept. In 1993 it also<br />
developed a packaging<br />
innovation by introducing<br />
the 8 litres oil drain pan. The<br />
pack initially was sold with 8<br />
litres of engine oil. The<br />
packaging could later be re-used<br />
as a drain pan and storage device<br />
for used oil.<br />
Prior to Valvoline’s growth<br />
in importance in the DIY<br />
category, its heritage lay in the<br />
DIFM channel and Valvoline<br />
was considered a product<br />
innovator. Valvoline was first to<br />
market professional grades of<br />
synthetic fortified lubricants<br />
differentiating these from<br />
its retail range under the<br />
Formula 5000 and ProBlend<br />
sub-brands. It also pioneered<br />
the marketing of premium<br />
synthetics in this channel by<br />
putting together programs<br />
where service attendants<br />
sold the benefits of<br />
synthetics to their<br />
customers and offered the<br />
option to upgrade their oil.<br />
Today Valvoline is a leading<br />
supplier of premium engine oils<br />
into this market with the<br />
majority of its<br />
resources focused<br />
on winning in the<br />
DIY channel. While<br />
its competitors are<br />
rationalising their<br />
service levels in this<br />
channel, Valvoline<br />
has increased<br />
service and sales<br />
support recognising<br />
that customer needs<br />
call for going beyond<br />
simply recommending<br />
and delivering the right engine oils. Thus<br />
Valvoline has positioned itself as a true business<br />
partner to these customers.<br />
HISTORY<br />
Valvoline traces its beginnings to 1866, when an<br />
American physician, Dr. John Ellis, became<br />
fascinated with various claims relating to the<br />
medicinal value of crude oil. Although he quickly<br />
concluded that the medicinal claims were<br />
unfounded, Ellis became consumed with the notion<br />
that it might be possible to create a machinery<br />
lubricant from the crude oil. Ellis built the world’s<br />
first mineral lubricating refinery in Binghamton, New<br />
York. Eight years later in 1873 the product that he<br />
called Binghamton Cylinder Oil<br />
was given the first mineral<br />
lubricating trademark ever<br />
registered: Valvoline.<br />
In the 1930s Valvoline<br />
introduced the first ever allseason,<br />
all-purpose gear<br />
lubricant which became the first<br />
lubricating oil for diesel and peak<br />
loads in gasoline engines. In<br />
1940, Valvoline<br />
became the first<br />
company to offer an<br />
unconditional<br />
money-back<br />
guarantee on its<br />
motor oil. Valvoline<br />
was acquired by<br />
Ashland Oil in the<br />
late 1950s and is still<br />
part of Ashland’s<br />
portfolio.<br />
In <strong>Australia</strong><br />
Valvoline was initially<br />
sold through<br />
102<br />
102-103_valvoline.p65<br />
102<br />
10/21/2007, 6:21 AM
THE MARKET<br />
Vegemite is a truly iconic <strong>Australia</strong>n brand and its<br />
unique heritage is unmatched by any other spread<br />
or perhaps even any other <strong>Australia</strong>n brand.<br />
Vegemite has always been around, it’s a part of<br />
growing up happy and healthy in <strong>Australia</strong> – part<br />
of our DNA, and consumers naturally associate it<br />
with their childhood.<br />
Families have always eaten Vegemite. Parents<br />
want their children to like Vegemite so it can be<br />
passed on to future generations, making Vegemite<br />
much more significant than just their own childhood<br />
memories. Loving Vegemite makes you part of the<br />
bigger <strong>Australia</strong>n family – a link across generations.<br />
Not that its enjoyment is restricted to family use<br />
only; in the Second World War Vegemite was in<br />
the trenches alongside the Diggers.<br />
Vegemite is produced in <strong>Australia</strong> at Kraft<br />
Foods’ Port Melbourne manufacturing facility. This<br />
has the capacity to produce 235 jars of Vegemite a<br />
minute, and more than 22 million jars are sold in<br />
<strong>Australia</strong> every year.<br />
ACHIEVEMENTS<br />
Mention Vegemite to any <strong>Australia</strong>n and you are<br />
likely to find instant recognition. There are bald<br />
facts about Vegemite, such as the fact that 70<br />
percent of it is consumed at breakfast, and most is<br />
eaten on toast. But facts alone cannot convey the<br />
full flavour of this unassuming black paste.<br />
Vegemite is one of the world’s<br />
richest known sources of B complex<br />
vitamins, especially thiamine,<br />
riboflavin, niacin and folic acid.<br />
HISTORY<br />
At the beginning of the 1920s, the<br />
Fred Walker Company had a<br />
successful business making, selling<br />
and exporting food products. Its<br />
owner Fred Walker decided that it was<br />
time to tackle the concentrated yeast<br />
spread market, and in 1923 he hired Dr<br />
Cyril P. Callister to develop an <strong>Australia</strong>n<br />
yeast spread.<br />
In a laboratory at the Albert Park factory Dr<br />
Callister, who incidentally became <strong>Australia</strong>’s<br />
leading food technologist in the 1920s and ’30s,<br />
experimented with brewers’ yeast from the Carlton<br />
& United brewery. By July 1923 he had developed<br />
the spread that Walker wanted. The product was<br />
ready but the name wasn’t.<br />
Fred Walker turned to the <strong>Australia</strong>n public and<br />
launched a nationwide competition to find a name<br />
for his new food. The prize pool held a very tempting<br />
fifty pounds, and the name selected was Vegemite.<br />
An English yeast spread dominated the<br />
<strong>Australia</strong>n market at the time, and shoppers were<br />
reluctant to add Vegemite to their baskets. Sales<br />
languished. The product was actually renamed only<br />
four years after its introduction, and relaunched as<br />
“Parwill”. This was an attempted play on words: “If<br />
Marmite… then Parwill” was the intended pun, but<br />
it didn’t sell the product.<br />
Walker went back to his first choice of name<br />
when he became convinced that the problem was<br />
getting consumers to try the product. He launched<br />
a vigorous two year coupon redemption scheme<br />
and gave away a jar of Vegemite with every<br />
purchase of another product in the Fred Walker<br />
Company range.<br />
The campaign worked: consumers tried the<br />
product, and loved it. Baby health centres across<br />
the nation were even recommending it as an ideal<br />
food supplement for both babies and nursing<br />
mothers. <strong>Australia</strong>ns of all ages continue to love<br />
Vegemite today. Its unique flavour could almost be<br />
called the taste of <strong>Australia</strong>.<br />
Just before the outbreak of the Second World<br />
War, Vegemite gained official endorsement from the<br />
British Medical Association. It was then advertised<br />
in the <strong>Australia</strong>n Medical Journal, and doctors were<br />
increasingly recommending it as a<br />
nutritionally balanced food. During<br />
the War, supplies of Vegemite to<br />
civilians were rationed as the Armed<br />
Forces bought it by the seven<br />
pound (3.2kg) container.<br />
During the post-war “baby<br />
boom”, wartime goodwill translated<br />
into a boom in Vegemite sales. In<br />
1950, Vegemite came under the Kraft<br />
Foods Limited umbrella, and the<br />
company has consistently<br />
reinforced the food value and<br />
“<strong>Australia</strong>n-ness” of Vegemite.<br />
Soon after that, the song which<br />
was to secure Vegemite’s place in the<br />
<strong>Australia</strong>n heart forever was introduced. This was<br />
the “Happy Little Vegemites” song.<br />
THE PRODUCT<br />
The original Vegemite concentrated yeast extract<br />
recipe devised by Dr Cyril Callister in 1923 remains<br />
virtually unchanged. Vegemite is rich in protein and<br />
minerals and a rich source of Vitamin B. B complex<br />
vitamins in Vegemite are essential to the body’s<br />
use of carbohydrates.<br />
RECENT DEVELOPMENTS<br />
Vegemite has become so identified with <strong>Australia</strong><br />
that there has been a tongue-in-cheek proposal of<br />
its label as the new national flag.<br />
Vegemite has seen innovation with the launch<br />
of a Vegemite ‘Snackabouts’ variant in 1999 which<br />
104<br />
104-105_vegemite.p65<br />
104<br />
10/21/2007, 6:25 AM
THE MARKET<br />
There’s no doubt that<br />
<strong>Australia</strong>ns love their<br />
movies and games. With<br />
over 152 million units of<br />
DVDs and games rented<br />
and $1.1 billion worth of<br />
movies and games<br />
bought each year,<br />
<strong>Australia</strong>ns invest more<br />
money per capita in<br />
home entertainment than<br />
any other country in the<br />
world.<br />
Video Ezy’s core<br />
market is DVD and<br />
Games rental, however<br />
over recent years, the<br />
company has been<br />
focusing on growth<br />
opportunities in the<br />
lucrative retail market,<br />
which has grown at a 60%<br />
rate year on year. Video<br />
Ezy has the lion’s share<br />
of the <strong>Australia</strong>n DVD<br />
rental market, accounting for 40% of total market<br />
share, compared with 30% held by its nearest<br />
competitor.<br />
Video Ezy is adapting<br />
quickly to new technologies,<br />
addressing challenges in the<br />
market, including<br />
DVD mail order, Pay<br />
TV and legal film<br />
downloads direct<br />
from distributors and<br />
non-traditional<br />
competition such as<br />
Telstra BigPond.<br />
Video Ezy has<br />
developed its own<br />
set top box, which<br />
will allow customers<br />
the opportunity to download<br />
movie content on demand. This<br />
will be released to customers in<br />
2008.<br />
ACHIEVEMENTS<br />
Video Ezy has the proud distinction of<br />
being one of <strong>Australia</strong>’s best-loved<br />
brands. 100% <strong>Australia</strong>n-owned, Video<br />
Ezy is the market leader in the video<br />
rental business for both <strong>Australia</strong> and<br />
New Zealand, and has stores in<br />
Thailand, Indonesia, Singapore,<br />
Malaysia, Fiji and the<br />
United Arab Emirates.<br />
With almost 1000 stores<br />
worldwide, Video Ezy is<br />
highly respected within<br />
the home entertainment<br />
industry.<br />
HISTORY<br />
Video Ezy was established<br />
in 1983, with the first store<br />
in Sydney. Video Ezy is<br />
now the largest DVD<br />
rental and retail chain in<br />
<strong>Australia</strong> with 518 stores<br />
and 3 million active<br />
members.<br />
The first Video Ezy<br />
store to be set-up<br />
overseas was in New<br />
Zealand in 1998, which<br />
quickly grew to 162 stores<br />
in New Zealand alone,<br />
making Video Ezy the<br />
market leader in that<br />
country with 40% market<br />
share. Following this, Video Ezy expanded<br />
into the South East Asian market in March<br />
1999. This market was considered by many as<br />
an impossible market to conquer, given the<br />
impact of piracy, but when Video Ezy opened<br />
its first store in Bangkok, it became apparent<br />
that consumers were enthusiastic for quality<br />
product and a brand they could trust.<br />
The early success in Thailand led to further<br />
expansion throughout Asia. Video Ezy is now<br />
a truly international brand, with its 518 stores<br />
in <strong>Australia</strong>, 162 in New Zealand, 143 in<br />
Thailand, 134 in<br />
Indonesia, 26 in<br />
Singapore, 9 in<br />
Malaysia, 3 in Fiji<br />
and 1 in the United<br />
Arab Emirates.<br />
In August, 2005<br />
Paul Uniacke<br />
together with Eddie<br />
Nedelko who between them own 18 Video Ezy<br />
stores in Victoria, purchased the shares held in<br />
Video Ezy Australasia Pty Ltd by Perpetual Trustees<br />
and Ivany Investments, making them the major<br />
shareholders in Video Ezy.<br />
106<br />
106-107_video ezy.p65<br />
106<br />
10/21/2007, 6:30 AM