SYDNEY MORNING HERALD |
Daniel Mueller, portfolio manager at Vertium Asset Management, was sceptical about the merits of any merger, noting the retailers were trying to get out of leases not increase their footprints.
“Some of the leases Myer is in are very long. You can’t go: ‘I’ll take over and hand the keys back to Westfield for half the stores’. It doesn’t work that way,” he said.
“If it was that simple Myer would do it themselves. They’re stuck between a rock and a hard place, why would someone else want to take on that pain?”
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