Globe International returns better than Myer for Solomon Lew
Simon EvansSenior reporter
Updated
Billionaire Solomon Lew has fared much better with skateboards and streetwear over the past 12 months than with department stores.
Mr Lew's corporate vehicle Poly Town Pty Ltd is the fourth-largest shareholder in ASX-listed Globe International and that investment has produced a return of more than 20 per cent in the past year, while his investment in ailing Myer is down 64 per cent over the same time.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
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