Rich Lister-backed Spotlight Grouphas joined the growing ranks of retail giants insisting on massive rent reductions, amid a growing backlash from landlords whose income has taken a pounding.
Owned by Zac Fried, Morry Fraid & family – worth collectively $1.6 billion – the Spotlight Group operates fabric and craft chain Spotlight, outdoor adventure outlets Anaconda and Mountain Designs, and is on the cusp of paying $50 million for failed department chain Harris Scarfe.
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Larry Schlesinger writes on real estate, specialising in commercial and residential property. Larry is based in our Melbourne newsroom. Connect with Larry on Twitter. Email Larry at larry.schlesinger@afr.com
