‘Nothing to gain’: Solomon Lew rejects Myer’s board seat offer
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Billionaire retailer Solomon Lew has rejected department store Myer’s offer for a seat on the board alongside its current directors and has called for Myer’s three remaining non-executive directors to resign, in a further escalation of tensions between the two businesses.
In a statement issued on Thursday afternoon by Mr Lew’s investment company Premier Investments, the company said it had “nothing to gain” by spending time working with the current Myer board.
Analytics startup Lexer emerges from stealth mode with $33 5 million raise smartcompany.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from smartcompany.com.au Daily Mail and Mail on Sunday newspapers.
Customer data platform Lexer raises $25.5M Series B for global expansion
Left to right: Lexer founders Dave Whittle, Aaron Wallis and Chris Brewer. Image Credits: Lexer
The massive shift to online shopping during the COVID-19 pandemic means retailers need to analyze customer data quickly in order to compete against rivals like Amazon. Lexer, a customer data platform headquartered in Melbourne, Australia, helps brands manage data by organizing it on one platform, making analysis easier for small to medium-sized brands. The company announced today that it has raised $25.5 million in Series B funding for expansion in Australia, the United States and Southeast Asia.