Business
Accent Group holds on to JobKeeper despite spike in profits – Sydney Morning Herald
Footwear retailer says its will not hand back any of the near $50 million it has received in subsidies in order to protect staff from future lockdowns.
Footwear retailer Accent Group will not hand back any of the almost $50 million it received in JobKeeper subsidies despite reporting a $20 million jump in profits for the first half of fiscal 2021.
The $1.2 billion retailer, which operates stores such as Platypus, Hype and Sketchers, made no indication it would repay the JobKeeper payments in a statement to investors after market close on Tuesday.
Accent Group CEO Daniel Agostinelli. Credit:
For the six months to the end of December, Accent received…
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