Myer suitors line up

THE sale of struggling nation-wide department store Myer is expected to go ahead soon as Coles Myer revealed last week that it had received preliminary approaches from more than 10 buyers. The retailer is anticipated to call for expressions of interest within the next week or so. Myer lost $22 million in the second half of the last financial year. A number of international buyers are understood to be among the potential buyers, in addition to the Myer family, which founded the company 105 years ago.


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Myer (MYR)

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