City Chic Collective (ASX:CCX) has responded to an article in today's Financial Review regarding its enterprise agreement.
The retailer has confirmed employees will move from its existing Enterprise Agreement to the General Retail Industry Award from March 4 2019.
City Chic says the new award is more appropriate and that the financial impact to the company will not be material.
As Specialty Fashion Group's star performer, City Chic was the only brand not to be acquired by Noni B in a $31 million takeover last year.
Shares in City Chic Collective (ASX:CCX) last traded at $1.03.