Myer Holdings Limited (AU:MYR) has released an update.
Myer Holdings Limited is actively pursuing a strategic business overhaul aimed at bolstering profitability and has initiated talks with Premier Investments to explore a potential merger with its Apparel Brands business, which includes popular brands like Just Jeans and Portmans. This move could significantly scale Myer’s operations, offering synergies in supply chain, revenue, and brand management, as well as expanding its exclusive brands and leveraging its MYER one loyalty program and eCommerce platform. The outcome of these preliminary discussions remains uncertain, as any proposed combination would require approval from both companies’ boards and shareholders, as well as an independent expert’s report and regulatory engagements.
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