Top investor in Australia’s Myer kicks off board reshuffle talks with shareholders By Reuters

July 9, 2021 admin Stock News 0

© Reuters. Shoppers walk outside a Myer department store, Australia’s largest department store operator, in Sydney, Australia, September 14, 2017. REUTERS/Jason Reed/Files

(Reuters) – Myer Holdings’ top shareholder Premier Investments said on Friday it had started discussions with fellow shareholders to revamp the company’s board, after raising its stake in the high-street retailer.

Premier reaffirmed its demand that the Australian retailer’s entire board, sparing chief executive John King, should resign immediately.

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