Myer finds a new executive; Domain acquires allhomes for $50 million: Midday Roundup

Myer finds a new executive; Domain acquires allhomes for $50 million: Midday Roundup

Myer has moved quickly to fill the gap left in its leadership team by Andrew Flanagan, who was fired by the department store after it was revealed he lied about his past work experience.

Fairfax reports Myer has hired Gary Williams as executive general manager of strategic planning and business development.

Williams, who will start in the role next month, is currently senior executive vice president of Westfield Property Group in the US. He has previously worked for sports brands Reebok and Puma and previously served as managing director of Coca-Cola Australia.

A Myer spokesperson told Fairfax Williams was not the retailer’s second choice for the role. “This is a more senior role which reports directly to the CEO,” the spokesperson said. “Mr Flanagan’s position was as a group general manager reporting to the chief financial officer.”

As previously reported by SmartCompany, Myer was not the only organisation to be duped by Flanagan, who had brief stints working for Specialty Fashion Group, recruitment firm Carmichael Fisher, and the Australia Arab Chamber of Commerce.

Domain acquires allhomes for $50 million

Property player Domain Group has bought the Canberra-based real estate listing website, allhomes, for $50 million, as it looks to take on market leader, reports Business Spectator.

Allhomes lists properties for more than 180 real estate agents in the ACT and surrounding areas.

Domain, which is owned by Fairfax Media, has long had the News Corp-owned in its sights and the acquisition is set to solidify its Australia-wide presence.

Fairfax managing director Greg Hywood said the acquisition demonstrates Fairfax‘s commitment to growing Domain’s profile nationwide.

“Canberra is a strategically important market for Fairfax and allhomes reinforces our digital position in the ACT,” said Hywood said.

Aussie shares up

Aussie shares have followed a positive overnight lead form Wall St.

The S&P/ASX200 benchmark was down 3.4 points to 5455.9 points at 12:33pm AEDT. On Wednesday, the Dow Jones closed 78.99 points up, rising 0.47% to 16,985.6 points.


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