Nov 24 (Reuters) - Australia's biggest department store chain, Myer Holdings Ltd (MYR), said on Friday challenging conditions would continue into the second quarter, as it prepared for a crucial vote on the shape of its new board at its annual general meeting.
Chairman Paul McClintock asked shareholders to respect the outcome of the vote, held amid a revolt from major shareholder Solomon Lew.
The billionaire investor has demanded a greater say on the board of the 117-year-old retailer since it posted its worst profit as a listed company in September.
News: PMV Australia's Myer says tough conditions to continue
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$21.61 |
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-0.340(1.55%) |
Mkt cap ! $3.455B | |||
| Open | High | Low | Value | Volume |
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