Westfield.com.au, it does seem to confirm the newscorp local and regional papers, everywhere from Miranda to Hornsby. seems Scentre Group are trying to zombie their own business and zombie all their all retailers?
Should be an ASIC investigation of the Board and the executives because it should massacre the retailers and Westfield Australia/ Scentre Group itself.
There will be suicides and social disorder as a result of these retailers going to the wall now that parking charges being re-introduced. incredibly tone deaf and a business decision that appears designed to kill the Scentre business.
Peter Allen, the CEO, potentially the most colorful character in the Australian or Southern Hemisphere business world, especially with the Cheyenne Tozzi “model” saga, clearly should set out the reasons for Re-introducing the parking charges now when some parts of Australia are going into Stage 4 restrictions.
why would Peter Allen’s executives kill off their own business by reintroducing parking charges?
Does the Board know? Did the Board sanction Peter Allen and the executive for their zombie measures? does the Board have good independent Board members or does it have sycophants and identity appointments on it?
what are the compliance and governance monitoring of actions such as the parking charges at these Westfields? And these zombie creation schemes?
What is ASIC doing about companies that behave in this way and executives that appear to zombie their own businesses?
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