It’s more important now than ever for retailer Solomon Lew to get the best manufacturing deals. He thinks Donald Trump’s trade policies might help.
Myer investors have overwhelmingly voted in favour of the mega-deal that chief executive Olivia Wirth says sets up the department store for the long term.
If share prices of Premier Investments and Myer are any indications,this deal is a hit.
Myer will acquire a suite of Premier Investments’ clothing brands in Australia and New Zealand,giving the businessman a seat on its board.
The retail billionaire joins a long list of big-end-of-town businessmen who have taken issue with how Labor is performing.
The billionaire rag-trader has his hands full amid a potential acquisition by Myer of five of its brands and a stoush with Smiggle’s ex-boss.
The Solomon Lew camp has taken a big swing sacking John Cheston,who was poached a few months ago by billionaire retailer Brett Blundy.
A deal that could see Macarthur Minerals get up to $70 million in royalties after the sale of its WA hematite iron asset has wooed smart money to its register.
The merger would give veteran rag trader Solomon Lew his long-awaited seat on Myer’s board.
He has taken his sweet time,but Solomon Lew is putting the pieces in place to cash out a decent part of the retail empire he has spent decades building.