Revenge is sweet and profitable for rag trade king Solly Lew

Revenge is sweet and profitable for rag trade king Solly Lew

If share prices of Premier Investments and Myer are any indications,this deal is a hit.

  • byElizabeth Knight

Latest

Myer buys billionaire Solomon Lew’s clothing brands in $950m deal

Myer buys billionaire Solomon Lew’s clothing brands in $950m deal

Myer will acquire a suite of Premier Investments’ clothing brands in Australia and New Zealand,giving the businessman a seat on its board.

  • bySumeyya Ilanbey
Solly Lew delays Smiggle,Peter Alexander spin-off amid Myer talks

Solly Lew delays Smiggle,Peter Alexander spin-off amid Myer talks

The billionaire rag-trader has his hands full amid a potential acquisition by Myer of five of its brands and a stoush with Smiggle’s ex-boss.

  • byJessica Yun
Myer CEO Olivia Wirth doubles down on profit-sinking exclusive fashion labels

Myer CEO Olivia Wirth doubles down on profit-sinking exclusive fashion labels

Myer shares have tumbled after the company unveiled its full-year results,but new CEO Olivia Wirth has vowed to invest in its languishing sass&bide,Marcs and David Lawrence brands.

  • byJessica Yun
Macarthur iron mine attracts the smart money
Sponsored
Bulls N'Bears

Macarthur iron mine attracts the smart money

A deal that could see Macarthur Minerals get up to $70 million in royalties after the sale of its WA hematite iron asset has wooed smart money to its register.

  • byJames Pearson
Myer in talks to merge with Just Jeans and other Solomon Lew brands

Myer in talks to merge with Just Jeans and other Solomon Lew brands

The merger would give veteran rag trader Solomon Lew his long-awaited seat on Myer’s board.

  • byJessica Yun
Advertisement
How Lew is lining himself up to be the ultimate winner

How Lew is lining himself up to be the ultimate winner

He has taken his sweet time,but Solomon Lew is putting the pieces in place to cash out a decent part of the retail empire he has spent decades building.

  • byElizabeth Knight
David Jones downsizes:Why department stores keep slashing floor space

David Jones downsizes:Why department stores keep slashing floor space

Australia’s department store chains have been reducing floor space since 2017,but experts believe they’re not done yet as consumer habits evolve.

  • byJessica Yun
Prize catch for Lovisa as retail billionaires’ poaching season hots up

Prize catch for Lovisa as retail billionaires’ poaching season hots up

Poaching John Cheston from kids stationery group Smiggle feels like a declaration of retail war.

  • byElizabeth Knight
Tabcorp scandal is not the only bizarre corporate blooper from last week

Tabcorp scandal is not the only bizarre corporate blooper from last week

To be pinged for making sexual jokes about a person who is in a powerful position over the company’s regulatory fortunes,that’s just next level.

  • byElizabeth Knight
Qantas’ former loyalty chief Olivia Wirth appointed new Myer boss

Qantas’ former loyalty chief Olivia Wirth appointed new Myer boss

After being pipped for the top job at Qantas by Vanessa Hudson,Olivia Wirth has landed at Myer to become its new chief executive and executive chair.

  • byJessica Yun