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.