Business
Premier threatens to shut 350 stores if landlords don’t budge on rent – Sydney Morning Herald
The fashion retailer has warned it is prepared to close as many as 350 stores across Australia and New Zealand if landlords are unwilling to renegotiate rents.
Major fashion retailer Premier Investments has warned it is prepared to close as many as 350 stores across Australia and New Zealand if landlords are unwilling to renegotiate rents for a post-COVID retail environment.
At its full-year results released on Friday morning, the retailer continued its longstanding battle against its landlords, putting them on notice that it would not hesitate to shut doors if reasonable rent agreements are not reached.
The company, which operates chains such as Jay…
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