Tagged: David Jones

Thumbnail for 30359

Zahra steps down from David Jones

By Elizabeth Redman David Jones chief executive Paul Zahra has resigned as South Africa's Woolworths takes control of the retailer, saying he will stay on for three months to ensure a smooth handover. Alan...

Thumbnail for 26055

Myer launches new $50m clearance

Myer lost sales to rivals such as David Jones, Target and specialty retailers, which started discounting stock in the first week of June. "It was a risk they took and on one level, it...

Thumbnail for 21363

Lew accepts $200m Country Road offer

Woolworths plans to use Country Road’s brands as a key private label offering within David Jones stores as part of its restructure of the retailer which will see a greater emphasis on company owned...

Thumbnail for 21090

Lew accepts Woolworths' Country Road offer

By AAP Mr Lew has not spoken publicly on the matter, but it appeared he took a stake in David Jones to threaten to block Woolworths' takeover of the department store chain, in order...

Thumbnail for 20853

FIRB clears Woolworths' Country Road bid

By Elizabeth Redman The majority shareholder has been unable to fully acquire Country Road for several years as retail magnate Solomon Lew held on to a minority stake, but Woolworths lobbed a mop-up bid...

Thumbnail for 19963

DataRoom AM: Lew's next angle

By Daniel Palmer In energy, Talisman Energy has drawn Australian interest for a potential sell-off of $5bn worth of assets in the Asia-Pacific region, according to the AFR. In resources, Linc Energy has collected 40 expressions of interest for...

Thumbnail for 19309

DJs boss warns Woolworths of Lew threat

The synergy benefits and cost savings generated by a merger of Myer and Mr Lew‘s other retail interests, which include Just Jeans, Dotti, Smiggle, Peter Alexander, Century Plaza and Playcorp, would be similar to...

Thumbnail for 19169

Woolworths would have walked rather than pay over $4: Cairns

By By a staff reporter In an interview with the paper, David Jones chairman Gordon Cairns said negotiations over the takeover price were "robust and at times vigourous". "In the negotiations they made it...

Thumbnail for 18928

DJs chairman was ‘unconcerned’ by Lew’s stake

By Blair Speedy - The Australian In an interview with The Australian, Mr Cairns said that he met Mr Lew in Melbourne after the billionaire had begun purchasing shares in DJs in May — a...