City Chic confirms new employee award agreement

Company News

by Anna Napoli

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.
 

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.