Gucci, Bulgari and the company behind Cartier and Montblanc claimed more than $10 million combined in JobKeeper while also making multimillion-dollar profits | domp swrighteconomy
Gucci, Bulgari and the company behind Cartier and Montblanc claimed more than $10 million combined in JobKeeper while also making multimillion-dollar profits, putting increased pressure on the federal government to produce a list of the scheme’s top claimants.
Upmarket outfitter Gucci’s accounts for the 2020 calendar year reveal it claimed $4.75 million through the wage subsidy. This came after its profits grew 4.75 per cent to $14.6 million for the year, though sales fell by 36 per cent to $268 million. “At a time when people are being asked to tighten their belts, when real wages are forecast to fall for the typical Australian, it’s only right to be putting a bit of a spotlight on who got JobKeeper and then saw their revenues rise,” he said.
Jewellery and fragrances seller Bulgari claimed $1.85 million in JobKeeper after growing profits to $2.6 million. It also received $152,000 worth of payroll tax relief.
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