Australia Briefing

The Fast Food Billionaire Aiming to Turn Around Pizza Stores

Jack CowinPhotographer: Kelly Defina/Getty Images

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By Carmeli Argana

August 26, 2025 at 11:01 PM UTC

Good morning, it’s Carmeli in Sydney here to bring you all the latest news to start your day. Earnings season continues, with Woolworths and Domino’s Pizza due to report today. But first…

Today’s must-reads:

Billionaire Jack Cowin built a fast-food empire by bringing fried chicken to 1960s Australia. Now, at 83, he’s back to attempt a turnaround of the biggest Domino’s Pizza franchisee outside the US. Domino’s stock has plunged 88% from its peak four years ago as rising costs and heightened competition eroded its market share.