Myer’s next chief lied, Lew tells shareholders

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”.