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Myer returns to profitability, thanks to Customer First Plan

Lew demands Myer sales update ahead of board showdown

Lew demands Myer sales update ahead of board showdown We’re sorry, this service is currently unavailable. Please try again later. Dismiss Normal text size Advertisement 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.

Detectan evidencias de una estructura oculta dentro del núcleo de la Tierra

Top investor in Australia's Myer kicks off board reshuffle talks with shareholders

Top investor in Australia s Myer kicks off board reshuffle talks with shareholders 07/09/2021 3:46 (Reuters) -Myer Holdings top shareholder Premier Investments said on Friday it has begun talks with fellow shareholders to revamp the company s board, after raising its stake in the high-street retailer. Premier reaffirmed its demand that the Myer s entire board should resign immediately, sparing the chief executive John King. Any other action would be futile, and costly for Myer shareholders who have endured enough, Premier said in a statement. Including King, Myer s board currently has four members – acting chairman JoAnne Stephenson and two non-executive directors. The top investor said it has also hired a proxy solicitation firm and is trying to procure a copy of Myer s shareholder register ahead of calling an extraordinary general meeting.

Myer responds to Solomon Lew, looks forward to "constructive dialogue"

Myer responds to Solomon Lew, looks forward to constructive dialogue By Imogen Bailey | 8 July 2021 Following Premier Investments increased investment in the department store, acting chairman JoAnne Stephenson has offered the firm Board representation.  Acknowledging that Premier Investments has increased its holding in the Company to greater than 15% and the significance of this change, I have reached out to Mr Lew and look forward to constructive dialogue, Stephenson said in a statement.  We will also be reaching out to other major shareholders. The Board is open to discussing appropriate Board representation of Premier Investments through nomination to the Myer Board, she said.