Solomon Lew’s relentless siege of the Myer department stores group looks closer to delivering him a board seat, after the billionaire retailer confirmed that his listed investment company controls nearly 20 per cent of the department store chain.
The Australian Financial Review’s Street Talk column reported that Mr Lew picked up another 3.9 per cent of Myer Holdings’ stock on Friday, increasing his stake from 15.77 per cent to 19.88 per cent, via his Premier Investments group. Premier filed a notice confirming the stake late on Tuesday.
Loading...
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
