Connect with us

Business

Plus size womenswear label City Chic under fire for taking JobKeeper despite profit boost – NEWS.com.au

Plus size womenswear label City Chic under fire for taking JobKeeper despite profit boost

Published

on

Article feature image

Plus size womenswear retailer City Chic accepted millions of dollars in JobKeeper payments despite its profits ballooning more than 20 per cent during the last six months of 2020.Releasing its interim financial results, the Australian fashion brand raked in $3.5m in wage subsidies until the end of September last year through the federal government scheme that was designed to assist businesses facing hardship to continue to pay workers.
Its acknowledgment of taking handouts comes as the company posts…

Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

Inside Yarra Capital Management’s $20b deal to buy Nikko – The Australian Financial Review
Is Sonic Healthcare (ASX:SHL) a dividend aristocrat?