Myer's Dubai move put on hold

Exec chairman of Australia's largest department store chain says expansion plan into UAE postponed.
Myer's Dubai move put on hold
By Sonali Paul
Tue 24 Mar 2009 07:13 AM

Myer Ltd, Australia's largest department store chain, said on Tuesday any expansion into Dubai was on hold as its joint venture partner Nakheel had postponed building the shopping centres Myer would have entered.

"I don't see anything happening with that in the short to medium term," executive chairman Bill Wavish told analysts and reporters at the group's first-half results.

Myer said last year it was in talks with Nakheel Retail to set up department stores, and at the time had expected the first to open in Dubai in late 2009 or early 2010. (Reuters)

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