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…
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