Myer feels heat from power pair

EMBATTLED department store chain Myer is fighting fire on a new front as its two biggest shareholders call for more retail experience on its board.

Following a scathing attack on the retailer’s performance by major shareholder Solomon Lew earlier this week, fund manager Anton Tagliaferro, of Investors Mutual, has also taken aim.

It comes after Mr Lew’s retail company, Premier Investments, yesterday set the scene for a fight at the Myer annual meeting in November.

Premier announced it had requested a copy of Myer’s share register in case it wanted to write to investors in relation to any resolutions proposed at the meeting.

Mr Tagliaferro confirmed he had begun discussions with Myer about the lack of directors on its board with direct retail experience.

His fund owns 80 million shares in Myer – just over 10 per cent of its share register.