
Myer to raise AUD221m for turnaround as FY profit plummets
Ailing Australian department store retailer Myer Holdings has revealed plans to raise AUD221m (US$155.7m) to fund a new turnaround plan, after seeing its full-year profit plummet.

Ailing Australian department store retailer Myer Holdings has revealed plans to raise AUD221m (US$155.7m) to fund a new turnaround plan, after seeing its full-year profit plummet.