The owner of chains such as Peter Alexander and Just Jeans has announced a new retail chief executive after incumbent Mark McInnes decided to step down.
Premier Investments, owner of retail chains including Peter Alexander and Just Jeans, has defended not repaying $15.6 million in JobKeeper assistance after reporting an 88 per cent profit increase.
The company behind franchises Just Jeans, Smiggle and Peter Alexander expects its first-half earnings to rise by as much as 85 per cent following a spike in online sales.
The federal government has borrowed nearly $60 billion since December, while 25,000 Western Australians will head back to work as stage one restrictions are lifted, according to Treasurer Josh Frydenberg, who has been tested for COVID-19 after a coughing fit in parliament.
Premier Investments' rent standoff with its landlords will continue at least until May 11, with the retail giant to continue not paying any rent until it can open its network of shops safely.
Just Jeans, Peter Alexander and Smiggle are among several Australian brands set to close their doors tonight due to the COVID-19 crisis, while commercial landlord Dexus has withdrawn its earnings guidance for 2020.
The number of women in executive leadership positions across Australia's largest listed companies is slowly increasing according to a new report, with Emeco Holdings, Wesfarmers and South32 the top performers for Western Australia.