Solomon Lew Calls for Resignation of Chairman Garry Hounsell from the Board of Myer Holdings

Myer Holdings Limited is an Australia-based company that is engaged in the department store business. The Company operates approximately 58 department stores across Australia, as well as its online business, myer.com.au. The Company’s merchandise offer includes core product categories: Womenswear; Menswear; Childrenswear; Beauty; Homewares; Electrical Goods; Toys and General Merchandise. The Company's operations are in Australia and encompass Myer department stores, sass & bide, and Marcs and David Lawrence (MDL). It directly sources products from over 300 suppliers across 16 countries for its private-label brands. It offers a loyalty program, MYER one, where members earn credits on purchases at Myer that convert into reward cards on a quarterly basis. Its subsidiaries include NB Elizabeth Pty Ltd, NB Russell Pty Ltd, NB Lonsdale Pty Ltd, NB Collins Pty Ltd, Warehouse Solutions Pty Ltd, Myer Group Pty Ltd, Myer Pty Ltd, Myer Group Finance Limited and The Myer Emporium Pty Ltd.