Lew demands Myer sales update ahead of board showdown
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Billionaire retailer Solomon Lew has demanded struggling department store Myer immediately update shareholders on the company’s full-year trading performance to give potential board nominees more information ahead of a likely end-of-year reshuffle.
In a statement on Tuesday, the Premier Investments chairman and majority Myer shareholder said the retailer should give shareholders an update on its recent trading performance given the major lockdowns in Sydney, Brisbane and Melbourne since the end of the financial year.