Zara launches Australian wind-back

Wednesday 15 November 2017

After its rock star-like opening and fast expansion program, Zara fashion group is in discussions to break its lease at the QIC-owned Robina shopping centre on the Gold Coast, due to the challenging retail sector.

If the lease is broken, retail leasing agents said it could be a “game changer” in terms of how the international brands are faring.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.