Billionaire Solomon Lew’s raids on retailers have vaulted him into a hallowed place in the country’s business establishment.
It’s not only his bold manoeuvres but how he does it: often accumulating shares using veteran stockbrokerBrent Potts and deploying satellite corporate entities that can result in the target chasing its own tail.
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Mark Di Stefano is Rear Window columnist, based in the Sydney newsroom. He previously worked at BuzzFeed, the Financial Times and The Information before joining the Financial Review as a media and tech correspondent. Connect with Mark on Twitter. Email Mark at mark.distefano@afr.com
