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Premier Investments to open stores, repay rent

Premier Investments says it will pay rent in arrears for its global store network at a gross percentage of sales, as it prepares to re-open Australian shops shut due to the novel coronavirus pandemic.

Premier Investments to open stores, repay rent
Peter Alexander stores across the country have been closed since late March. Photo: Shutterstock

Premier Investments says it will pay rent in arrears for its global store network at a gross percentage of sales, as it prepares to re-open Australian shops shut due to the novel coronavirus pandemic.

The ASX-listed retail operator, which owns the Just Group of brands including Smiggle, Peter Alexander, Just Jeans and Portmans, among others, announced today that its Australian shops will reopen on May 15.

Premier had ceased paying rent to its l…