Sunday 8 April 2018

Will David Jones Make An Offer For Myer?

With the share price of beleaguered Myer sitting at 34.5 cents it is little wonder that speculation is mounting of a possible buy-out and David Jones is high on the list of suitors.

David Jones is now owned by South African retailer, Woolworths, who have been keen to invest in the struggling department store category, most recently with David Jones investment in its new food concept.

David Jones denies any interest in buying Myer although one major Australian newspaper is claiming they have hired experts to examine the possibility.