Premier Investments will shut its Australian stores, stand down 9000 staff and stop paying rent in a sign of a looming war between tenants and landlords.
Lew’s listed investment vehicle Premier Investments, home to the likes of Just Jeans, Portmans and Smiggle, will shut its Australian stores at 6pm on Thursday until April 22, standing down all of its 9000 employees, save for a small team required for essential work.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
