Ron Brierley lifts stake in Kirkcaldie ahead of David Jones payday

Mon, 15 Jun 2015

By Suze Metherell June 16 (BusinessDesk) - Veteran corporate raider Ron Brierley has lifted his stake in Kirkcaldie & Stains ahead of the ailing department store's payday from Australia's David Jones. Brierley increased his holding in the Wellington department store to 6.9 percent from 5.7 percent, via his ASX-listed investment vehicle Mercantile Investment Co, buying 91,901 shares for a total $199,317, or $2.17 apiece, on market over the past week, according to a substantial holding notice lodged with the NZX. Brierley also bought 26,831...

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