Australian retailer Myer's top shareholder looks to oust board, criticises out-of-touch chief

Australian retailer Myer's top shareholder looks to oust board, criticises out-of-touch chief

Shoppers use their phones as they walk past the entrance to a Myer department store, owned by Australia's biggest department store chain Myer Holdings Ltd, in Sydney, Australia, November 1, 2017. REUTERS/Steven Saphore

Myer Holdings Ltd’s top shareholder plans to formally request a meeting to oust its board within weeks, escalating an attack on the department store firm’s new chief who recently said he was old-fashioned and rarely went shopping.

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