The Australian Competition and Consumer Commission has taken online retailer Kogan to the Federal Court, alleging that the company indulged in misleading advertising about a 10% discount promotion in breach of Australian Consumer Law.
Online retailer Kogan has blamed a sharp fall in new Apple products, in particular the new iPhone, for a drop in revenue of its global brands for the first half of full-year 2019, saying that revenue fell by 46.7% during the period.
Online retailer Kogan has seen its shares fall by about a third on Monday, with a drop to $3.11, losing $1.53.
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