The billionaire retailer has announced he will call Myer shareholders in for an extraordinary general meeting in an effort to force the resignation of the company’s three remaining non-executive directors.
Billionaire retailer Solomon Lew has rejected department store Myer’s offer and renewed his push for the company’s non-executive directors to resign.
Under fire department store Myer has said it is concerned that giving billionaire retailer Solomon Lew representation on the company’s board could cause potential conflict.
The billionaire rag trader is looking to replace the “emaciated” board of struggling department store Myer following his purchase of $16.4 million worth of new shares.
Myer’s directors are headed for the ‘throw out bins’ as the retailer’s muscled-up shareholder Solomon Lew gets ready to press the trigger on a board cleanout.
The retailer,which owns brands such as Peter Alexander,Smiggle and Just Jeans,has continued its run of strong sales off the back of Australia’s COVID-19 recovery.
Solomon Lew’s Premier Investments returned some $15.7 million in JobKeeper payments. But in court,he’s haggling over costs.
Billionaire retailer Solomon Lew’s decision to repay JobKeeper subsidies will not be followed by other notable recipients,including Harvey Norman founder Gerry Harvey.
Labor Senator Kristina Keneally gets a lot of invitations. But here’s one that would have surprised her - an emailed invitation from the Roseville Branch Of The Liberal Party for the Northern Sydney Conservative Forum Function.
Solomon Lew and Richard Murray were brought together last year when they were invited to Kirribilli House by Prime Minister Scott Morrison to discuss the response to the pandemic.
Richard Murray will leave the electronics chain at the end of August to lead billionaire retailer Solomon Lew’s fashion empire Premier Investments.