Myer – a case study in who shouldn’t invest or lead retailers

Since Myer floated in 2009 at a price of $4.10 per share, the retailer has seen its market capitalisation dip from $2.2 billion dollars to $429 million or 59 cents per share. Many people argue that TPG Capital were the only investors to have profited from Myer in over twenty years. Two years ago the Myer board agreed to back a five-year turnaround strategy that would punt a capital investment greater equal to its market capitalisation. Less than two years into the five-year turnaround, investors

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