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…
-
General18 hours agoAustralian celebrity chef Peter Russell-Clarke dies aged 89
-
Noosa News23 hours agoSouth-west Queensland highway closed after truck carrying oxygen cylinders catches fire
-
Noosa News18 hours agoUnvaccinated horse dies from Hendra virus as Queensland records first case in three years
-
General21 hours agoBack-to-back rate cuts tipped when Reserve Bank meets