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This Month
- Opinion
- Governance
The good, the bad and the ugly of corporate Australia in 2024
Big deals, big names, big disasters. From AirTrunk to Woolies to our own Nine Entertainment, here are the biggest moments of the year.
- James Thomson
- Updated
- Retail
Myer’s mega-expansion guards against Temu and Shein threat: expert
The independent assessors of the retailer’s proposed purchase of five Premier Investments chains say scale is needed to compete against cheap global giants.
- Updated
- Simon Evans
CBA, the next 10-bagger, founder woes: The best of Monday Fundie 2024
The fund manager profiles that resonated the most with readers this year were rich in speculative stock tips, but it’s the deep insights that have made this column a hit.
- Jonathan Shapiro
November
- Exclusive
- Retail
Premier claims sacked Smiggle boss ‘interfered’ in HR investigation
The disclosure was issued to proxy advisers, and is the first time that Solomon Lew’s retail empire has made a specific allegation against its former executive.
- Kylar Loussikian
Sacked Smiggle executive John Cheston faces loss of $4m in shares
The board of Solomon Lew’s Premier Investments has unanimously recommended shareholders strip him of stock handed over as part of executive incentives.
- Kylar Loussikian and Carrie LaFrenz
October
- Updated
- Mergers & acquisitions
Myer buys big brands from Solomon Lew’s Premier Investments
The department store will end up with control of Just Jeans, Dotti, Jay Jays and Portmans in a deal that gives the billionaire a massive stake in a larger company.
- Updated
- Carrie LaFrenz
Myer buys Lew’s brands; Trump in damage control; Vanguard eyes super
Read everything that’s happened in the news so far today.
- Opinion
- Chanticleer
This is the number that drove Myer to cut a deal with Solomon Lew
For years, the retailer has been slowly fading away under a small-target strategy. Olivia Wirth and Lew want to put growth back on the agenda.
- James Thomson
Myer board meets to ink $1b merger with Lew’s Premier apparel business
The deal – technically an acquisition by the department store giant – should hand the billionaire retailer a 30 per cent stake in Myer.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Solomon Lew reveals why he is still obsessed with Myer
The 79-year-old retail billionaire has fought a lot of corporate battles over the years, but he remains fixated on the department store chain.
- Patrick Durkin
September
- Opinion
- Chanticleer
Lew’s ‘toughest year in 61 years’ a chance to really shake things up
Few chairmen are pulling strategic levers like Australia’s shrewdest retailer. Where is it all headed?
- Updated
- Anthony Macdonald
Premier Investments delays Smiggle spin-off
Almost $500 million in market value vanished from Solomon Lew’s retail group on its soft trading update on Wednesday.
- Simon Evans
Myer investors grow impatient over new strategy as growth stalls
The mid-market department store was expected to outline its growth plans next month. That has been delayed as it considers buying up well-known fashion brands.
- Carrie LaFrenz
- Opinion
- Chanticleer
Wirth’s rescue plan for Myer is missing one big thing: growth
For much of the last decade, Myer’s strategy has been to accept its diminished place in the market and shrink itself in response. Olivia Wirth’s plan is very different.
- James Thomson
Can Olivia Wirth right the three-decade drift at Myer?
The former Qantas executive has inherited the start of a turnaround at retail’s grand dame. But there is plenty more to do, starting with finding profit growth.
- Jemima Whyte
Do you know this week’s news? Answer these 10 questions
Have you been paying attention this week? Test your knowledge across politics, business and world news.
- Daniel Arbon
- Opinion
- Chanticleer
Inside the bizarre betrayal of Solomon Lew
An apparent attempt to scuttle a deal between Myer and the billionaire’s Premier Investments has played out in the strangest of circumstances.
- James Thomson
The stoush over Solomon Lew’s Premier Investments gets dirty
For decades, the billionaire has been the king of retailing in Australia. But a carefully leaked document shows not all is well in his sprawling empire.
- Simon Evans
Solomon Lew axes Smiggle boss John Cheston
The executive, who had already quit to defect to retail chain Lovisa, has been accused of “serious misconduct” by his former employer, which he denies.
- Carrie LaFrenz
July
Solomon Lew’s surprise role model? Vegas mogul Sheldon Adelson
Like the colourful businessman, the billionaire rag trader won’t stop building his empire. And Myer, with a new chief, is finally playing ball.
- Updated
- Jemima Whyte