Bain reviewing Myer strategy

Global consulting giant to look over retailer's 'five pillars' ahead of Brookes' exit.

Myer Holdings (MYR) has called in worldwide consulting giant Bain and Co to review its corporate strategy as its search to replace long-time chief executive Bernie Brookes intensifies, The Australian reports.

According to the newspaper, Myer chairman Paul McClintock said Bain had been retained six months ago to "benchmark" the local retailer's strategy against its global rivals.

Specifically Myer tasked the group with investigating whether the group's much-touted "five pillars" strategy was appropriate given the constantly changing retail environment. 

"It was a good opportunity to do this leading up to Bernie's replacement," Mr McClintock toldThe Australian.

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