Briscoe repays $11.5m wage subsidy

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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