Myer’s next chief lied, Lew tells share­hold­ers

Mercury (Hobart) - - BUSINESS -

RE­TAIL mag­nate Solomon Lew has con­tin­ued his as­sault on Myer, telling its share­hold­ers in a new let­ter that their in­com­ing chair­man has lied to them.

Mr Lew said there was no other way to de­scribe some state­ments made by the de­part­ment store chain’s chair­man-elect, Garry Houn­sell.

“I don’t like to use such lan­guage, but there is no other way to say it ac­cu­rately — Mr Houn­sell has lied to you on sev­eral points,” Mr Lew wrote.

Mr Lew’s Pre­mier In­vest­ments is Myer’s big­gest share­holder.

Pre­mier op­poses the ap­point­ment of Mr Houn­sell at its an­nual meet­ing next week. He wants two Pre­mier di­rec­tors and a third rep­re­sen­ta­tive ap­pointed to the board of the de­part­ment store group.

Myer branded Mr Lew’s let­ter “of­fen­sive”.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.