It is probably no accident that news about McInnes joining billionaire Brett Blundy’s retail empire coincided with a 3.5 per cent fall in Myer’s share price where his former boss,Solomon Lew,is a key shareholder.
The terms of Mark McInnes'departure include two years'retail industry gardening leave during which Premier will pay him his base pay for both years - a total of $5.4 million.
The Spiegel has landed,but he has managed to avoid Sydney hotel quarantine;relationship sparks for Hugh Marks and more from Sydney's social front.
Premier Investments chief executive Mark McInnes has pocketed $5.4 million in pay despite the retailer claiming tens of millions in JobKeeper subsidies.
Solomon Lew's Premier Investments has accused Westfield owner Scentre Group of taking"no action"after staff were exposed to coronavirus positive shoppers.
The owner of retail chains Smiggle,Peter Alexander and Just Jeans has posted record sales and profits but sees"significant hardship"ahead from the coronavirus crisis.
Australia's homegrown children's stationery juggernaut,Smiggle,has put its hand up as the latest victim of Brexit chaos.