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...

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