Retail

Just Jeans owner to return $8m to Aussie parent after taking $4.5m wage sub

Victoria Young
Fri, 15 Jan 2021

Victoria Young
Fri, 15 Jan 2021
Kimbyr Investments, operator of major retail chains including Just Jeans, Smiggle and Portmans, has returned $8 million to its Australian parent after taking $4.6 million in New Zealand government wage subsidies.The parent, Premier Investments, has already come under pressure from Australian Labor MP Andrew Leigh who this week said, “it's time Premier repaid the taxpayer.”Premier told the ASX on Wednesday its first-half earnings were up about 80 percent. It did not respond to BusinessDesk questions.Kiwi subsidiary Kimbyr, which...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets
Delisting QEX ‘worst possible outcome’ – NZSA
Dan Brunskill | Fri, 23 Apr 2021

The situation is unprecedented in NZ and allowing the company to delist will only make things worse.

Energy
Lack of 'prudence' behind wholesale electricity price pain
Ian Llewellyn | Fri, 23 Apr 2021

As the hydro lake level watch continues those hurt by high wholesale electricity prices lacked prudence says the regulator.

Markets
AMP 'making the best of a bad lot'
Dan Brunskill | Fri, 23 Apr 2021

The spin off of its private market business will give the asset a chance to thrive away from AMP's reputation problems.

Partner Content
Queenstown – rising above the negativity

Dialogue surrounding Queenstown has lately been one of despair and defeat, but many tourism and event operators are optimismistic and are continuing to innovate.

Partner Content
Highlights from the New Zealand company earnings season

The February earnings season has provided a snapshot of the impact covid-19 has had on different sectors over the last six months and expectations for the year ahead.