Why Solly Lew would make a Myer play

By Elizabeth Knight
Updated March 29 2017 - 6:03pm, first published 5:46pm
CEO - Premier Retail mark McInnes and (red tie) Solomon Lew, Chairman of Premier Investments. Chairman in Peter Alexander shop in the CBD. . Photo: Edwina Pickles. 19th Sept 2011 Photo: Edwina Pickles
CEO - Premier Retail mark McInnes and (red tie) Solomon Lew, Chairman of Premier Investments. Chairman in Peter Alexander shop in the CBD. . Photo: Edwina Pickles. 19th Sept 2011 Photo: Edwina Pickles

Billionaire retailer Solomon Lew has a plan for department store group Myer but it's one that is not likely to involve making a takeover bid anytime soon - he just needs a stake to ensure someone else can't buy the company. That someone is the South African giant Woolworths Holdings, that owns Myer rival, David Jones.