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Lovisa store rollout slows on discussions with overseas landlords

Carrie LaFrenz
Carrie LaFrenzSenior reporter

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Key Points

  • Revenue ($m): 146.9, down 10pc from year-earlier 162.8
  • Pre-tax profit ($m): 27.9 v 38.9
  • Net profit ($m): 19.6, down 27pc from 26.7
  • Interim dividend: 20c, payable April 22

Fast-fashion jewellery chain Lovisa Holdings’ store rollout program is being held up offshore as it tries to negotiate better leasing terms with its landlords in Europe and the US.

Chief executive Shane Fallscheer told AFRWeekend that in order to open more stores amid the COVID-19 backdrop it needs better terms.

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    Original URL: https://www.afr.com/link/follow-20180101-p573rn