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Retail collapses to surge once welfare stops

June 2, 2020 - 10:20 -- Admin

PwC partner Stephen Longley expects a surge in retail collapses once the federal government’s JobKeeper wage subsidy scheme ends in late September. Longley has been appointed administrator of retailer PAS Group, which went into voluntary administration on 29 May. Meanwhile, KPMG restructuring partner James Stewart forecasts the use of what he terms ‘tactical’ administrations, whereby

The post Retail collapses to surge once welfare stops appeared first on MacroBusiness.

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