20.8 C
Wednesday, October 21, 2020


Home Business News Premier Investments says high rents could close 350 stores - NEWS.com.au

Premier Investments says high rents could close 350 stores – NEWS.com.au

Premier Investments warns of looming store closures across its network of iconic Australian brands as crippling retail conditions persist because of the coronavirus recession. The retail company backed by billionaire Solomon Lew says “inevitable” closures will occur if shopping mall landlords are unable to negotiate new rental agreements.
Premier said it was prepared to close up to 350 stores across its Australia and New Zealand store network.
“While it is not Premier Retail’s objective to clo…

Click here to view the original article.

- Advertisment -
- Advertisment -

Most Popular

Medical costs comparison website ‘has little credibility among doctors and consumers’ in Australia | Australia news

Consumer groups have criticised the federal government’s $17m of spending in the October budget on a website launched in December that allows patients...

Neymar and Bruno Fernandes reveal a tale of two talismans in Paris | Jonathan Liew | Football

How Manchester United must wish they could play Paris Saint-Germain every week. Of course, given the current mood within the game, one imagines...

Geelong Cats’ Tom Hawkins all clear for game v Richmond Tigers

Coleman medallist Tom Hawkins admits the thought of what would have happened if the minor sore throat he contracted early in the week...

Mayor of Darwin ‘within his technical rights’ to sidestep democracy, but questions linger over secret information

In the heated moments after the Mayor of Darwin deferred a decision on a proposal for one of the most sought after spots...

You might also like ...

post featured image
2 Warren Buffett ASX shares to buy right now – Motley Fool Australia
Australian Online News Splash Image
Aldi drop Christmas seafood range with cult-favourite lobster tails – 9Honey
Australian Online News Splash Image
Future Fund cash balance swells to more than $30b – The Australian Financial Review