Premier wants the Myer FY21 results released immediately
By Imogen Bailey | 3 August 2021
Premier Investments chairman Solomon Lew is calling on Myer to immediately update the market on its expected FY21 results, so prospective new board members have time to consider the opportunity before the annual general meeting (AGM).
According to Premier, it is in conversation with several highly-regarded and well-credentialed independent non-executive directors, but wants to allow them time to mull over the opportunity to join the Myer board with the retailer s FY21 results in hand.
To avoid calling an extraordinary general meeting (EGM) before the AGM to appoint the new board members – of which Premier expects will comprise of an independent chairman and two Premier nominees – Premier has written to Myer s acting chairman to request an appropriate window of opportunity after the release of the company’s results before calling this year’s AGM.
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Footwear retailer Accent stands down staff after running out of excess JobKeeper
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The chief executive of national footwear retailer Accent Group has said he had no choice but to cut hours and stand down staff after running out of the $10 million in excess JobKeeper funds set aside to support staff during future lockdowns.
Accent Group, which operates brands such as Platypus, Hype, and Skechers, told its full-time employees yesterday they would be either stood down without pay or put on 15 hours per week to fulfil online orders until lockdowns in Sydney, Melbourne and Adelaide ended.