Myer and Premier Investments Announce Major Retail Merger

Premier Investments Limited (AU:PMV) has released an update.

Myer Holdings Ltd has announced a significant merger with Premier Investments Limited to integrate Apparel Brands, forming a leading retail platform across Australia and New Zealand. This strategic move is set to enhance Myer’s growth potential by leveraging the strengths of both companies, with expectations of at least $30 million in annual earnings benefits. The merger aims to expand Myer’s customer base and improve its market position, creating a more diversified shareholder base and enhancing its brand management capabilities.

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