Australia's Dusk Group slumps as corporate watchdog launches safety standards case

Dusk

22/07/2026 05:01

** Shares of Australia's Dusk Group DSK.AX fall as much as 15.2% to A$0.640, their lowest level since mid-July, 2024
** Stock clocks its biggest intraday pct fall since late August 2025
** Australia's competition watchdog commences federal proceedings against the home fragrance products retailer 
** Australian Competition and Consumer Commission (ACCC) alleges co's unit supplied homewares containing button batteries that did not comply with mandatory button battery safety and information standards
** Proceedings relate to alleged contraventions concerning products sold between CY23 and 2024, containing button batteries
** Co in a separate statement says it did not identify reports of harm to customers associated with products
** Adds it takes product safety seriously and has cooperated fully with ACCC throughout the investigation
** About 436,933 shares trade hands, near 6.4x the 30-day average 
** Stock down 9.1% YTD, including session's moves 
     
     

(Reporting by Subhalakshmi Dey in Bengaluru)
((Subhalakshmi.Dey@thomsonreuters.com;))