If share prices of Premier Investments and Myer are any indications,this deal is a hit.
Myer will acquire a suite of Premier Investments’ clothing brands in Australia and New Zealand,giving the businessman a seat on its board.
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.
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.
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.
The merger would give veteran rag trader Solomon Lew his long-awaited seat on Myer’s board.
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.
Australia’s department store chains have been reducing floor space since 2017,but experts believe they’re not done yet as consumer habits evolve.
Poaching John Cheston from kids stationery group Smiggle feels like a declaration of retail war.
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.
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.