the former Rothschild Australia boss. Myer had a terrible record of managing brands outside its core department store, he added. The pressure is certainly now on Myer’s Wirth to make the merger work.

Billionaire Solomon Lew’s Premier Investments is merging its apparel brands with department store chain Myer Holdings, cementing their dominance in Australian retail.

Department store giant Myer’s nearly $900m deal to merge with billionaire Solomon Lew’s Premier Investments apparel brands has been overwhelmingly approved by shareholders.

Two of Australia’s biggest retailers have agreed to a merger as tough retail conditions continue to cut into the sales of both companies. Department store giant Myer’s nearly $900m deal to ...

SHAREHOLDERS of Australian apparel retail firms Myer and Premier Investments approved on Thursday the merger of the latter’s apparel brands with Myer, in a deal valued at A$864 million (S$734.7 ...

Shareholders of Myer and Premier Investments have both overwhelmingly voted in favour of a deal that will see the department store acquire fashion chains including Just Jeans, Dotti and Jay Jays.

Also unchanged, is our fair value estimate on no-moat Myer at AUD 0.83. We credit significant cost efficiencies from the merger ... with both companies citing a challenging retailing environment.