Retail

Briscoe repays $11.5m wage subsidy

Jenny Ruth
Fri, 16 Oct 2020

Jenny Ruth
Fri, 16 Oct 2020

Briscoe Group will repay the government's covid wage subsidy after coming under fire for weathering the crisis and then paying a dividend.That's despite the firm keeping all staff on full pay throughout the 50-day lockdown when its stores were closed."Management have confirmed that the sales momentum we saw leading into our half-year results has continued into the third quarter," chair Rosanne Meo announced."Whilst we were unquestionably eligible for the first round of wage subsidy, our recent trading performance has give...

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Briscoe repays $11.5m wage subsidy

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