The South African owner of department store David Jones, Woolworths Holdings, has once again denied any discussions with Myer about a possible tie-up of the two retailers.
The Myer share price jumped as much as 13 per cent in trading on Friday before closing 7.3 per cent higher at 37¢ following a News Corp report of a possible merger. Woolworths Holdings said the report was speculation and untrue.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
