David Jones is one step closer to a merger with Myer.
David Jones has appointed the services of yet another investment banking firm, Macquarie Capital.
The firm will work alongside current advisor Gresham Partners Advisory.
This follows the recent appointment of management consulting firm Port Jackson Partners to assess strategic benefits of a merger proposal sent from Myer.
The merger proposal, set out in a letter to David Jones from Myer, was lodged with the ASX on 20 February 2014.