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Behind Solomon’s stake in Myer

Nothing quite stirs the retail rumour mill like a Solomon Lew investment play. The wily investor and retailer has yet again set the industry buzzing with his latest foray, a $101.3 million investment in the lumbering Myer department store group. Much of the intrigue surrounds the timing of the move, which saw Lew’s Premier Investments secure what it described as “a strategic investment” of 10.77 per cent in Myer. Myer had no knowledge of the on market share acquisition until Premier Invest