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…

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