"These actions are extremely disappointing, given the current environment, and difficult to comprehend in the context of a relationship that spans close to 40 years," said Mosaic chairman Richard Facioni.
The closures are the latest manifestation of wider tensions between landlords and retail tenants over rent paid during coronavirus lockdowns. A spokesperson for Scentre Group told ABC News: "We don't comment on commercial arrangements with our retail partners."
Pay your rent any excuse is a good another
Monopolizing rental income, privately owned air conditioned housing impost on anticipated ClimateChange experience. Unethical capitalization on a global declination. Shop ownership? Asset management leaves nothing for prodigy of life long tenants. Outlaying $10m in 20years CNN
The more shops with unethically sourced cheap throw away products are closing, the better. Good on you SCG.
Retail is in a very bad state right now, Westfield is not doing itself any favours with this considering how much it relies on the rent from these small shops.
westfieldsyd hope the malls die after this
If Westfield is benefitting from taxpayer funds then it needs to join the program and save the jobs of every retailer, otherwise it should suffer enforced rent control.
Turnover in household goods was 30 per cent above the levels of July 2019, with sales of furniture, whitegoods Gov generous bailout made people spend on laptops n sound system
Unites we win Every retailer only pay (covid rate) Then Westfield will sit down and negotiates Greedy landlord
Shareholders should be ‘slamming’ the Scentre Group board and CEO, because the rent rise actions in the current environment will lead to no rent and a loss of shareholder income when the shops are empty.
LockdownsKill HCQWorks VitaminD VitaminC Zinc
What do you expect
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Westfield locks retailers out of stores as rent battle escalatesWestfield shopping mall owner Scentre has begun locking non-rent-paying retailers out of their stores in a dramatic escalation of tensions between major landlords and their retail tenants. domp Why Hydroxychloroquine can save life? Why none of the CCP officers gets the virus? Because they used Hydroxy chloroquine in December 2019 and controlled all the media and WHO to lie to the world saying Hydroxy is no use at all. domp Unfortunately that drug does not work on all people and all degree or type of specific sickness. Helpful to some not all. domp I'm sure they'll have no trouble finding new tenants in the middle of a pandemic and a recession.
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Westfield closes 129 stores run by Mosaic GroupWestfield’s parent company has closed dozens of shops – including Rivers, Noni B, Katies, Millers and Crossroads – as a nasty rent spat escalates. This is the government’s doing not Westfield. The mandated shops closed and told landlords and tenants to sort it out themselves. No sales no income no rent. Time to boycott them
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'Extremely disappointing': SA loses its oldest and largest regional newspaper after 159 yearsSouth Australia's Limestone Coast is reeling after the shock closure of its prominent local newspaper which will roll off the presses for the last time today. Please fix the typo in the link whats a reginal newspaper It seems some staff at the ABC need to be removed for creating racist issues and waving the racist card .
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Wesfarmers boss warns of heavy lockdown tolls as company profits slideA litany of writedowns and provisions were listed in relation to Target, which Wesfarmers is in the process of restructuring, closing around 75 stores and converting another 92 into Kmarts. converting into kmarts . . . seriously . . . where everything is the same brand . . . like shopping in soviet era Russia . . . its horrible
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Clive Palmer launches defamation action against WA PremierAnother salvo in the bitter dispute between Clive Palmer and Mark McGowan has been launched, with the mining magnate officially filing a defamation action against the WA Premier | hamishhastie crossdaile
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Blow-up in Tasmanian Parliament over allegations of 'anti-China' racismA bitter row over allegations of 'unconscious bias against China' spills over in Parliament, after a fiery exchange between Tasmania's Greens leader and the Liberal Speaker ended in a walkout. The Greens are worse than China btw. I have a bias against China but am certainly not racist. Criticism of a totalitarian regime is not racism. I believe, for example, that Taiwan is a great nation and that it is a pity that the Democratic Taiwanese Government does not rule all of China. China’s not a race.
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