Myer profit warning a present for Lew

Original article by Eli Greenblat
The Australian – Page: 20 : 15-Dec-17

Solomon Lew might be more likely to get support for his push for an extraordinary general meeting of Myer shareholders after the department store chain issued another profit warning on 14 December. Lew is Myer’s largest shareholder through Premier Investments, and he has been attacking the Myer board for some months over what he claims is its flawed business strategy. Myer’s shares fell to a record low after it revealed that sales for the last two weeks were down five per cent.

CORPORATES
MYER HOLDINGS LIMITED – ASX MYR, PREMIER INVESTMENTS LIMITED – ASX PMV, OROTONGROUP LIMITED – ASX ORL, VERTIUM ASSET MANAGEMENT, LIVE CLOTHING, LOVER

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