Business
Sollykeeper: Billionaire Lew gives retailers a lesson on how to win during COVID – Sydney Morning Herald
Premier’s Solomon Lew has been able to game the government support package beautifully, and legally.
Lew could follow that up with a special tutorial for retail landlords on “why we dont need to be in your mall anymore – unless you give us a big rent reduction”.
So lets unpack how these insights have played into how Lews Premier Retail has managed to turn a second half COVID-19- induced 18 per cent drop in sales into a gain in earnings before interest and tax of up to 11.7 per cent – a record breaking $59.7 million.
Premier’s take no prisoners approach began when in March virtually all of its…
-
Noosa News24 hours agoWoman airlifted to Brisbane hospital after big cat mauling at south-east Queensland zoo near Toowoomba
-
Noosa News19 hours agoRocky waters ahead for Brisbane 2032’s Olympic rowing plan
-
Noosa News23 hours agoUnvaccinated horse dies from Hendra virus as Queensland records first case in three years
-
General24 hours agoIranian supreme leader makes first public appearance since war with Israel