Throwing cold water on Myer’s ‘merger of equals’

Myer's less than impressive results show why it is seeking a merger as a solution to its structural problems. Unfortunately for CEO Bernie Brookes, David Jones' Paul Zahra is yet to warm to the idea.

The Myer interim result was more or less in line with expectations, which is to say it wasn’t exactly the set of numbers off which to launch its merger proposal with David Jones.

The 8.1 per cent decline in earnings had been broadly flagged, with Myer digesting a range of factors that will eventually wash through its numbers.


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