Premier Investments Limited (AU:PMV) has released an update.
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Myer Holdings Ltd is conducting a strategic review to boost profitability and has identified growth opportunities through a potential merger with Premier Investments’ Apparel Brands. This move aims to enhance Myer’s market position by leveraging scale and synergies, and expanding its private label and exclusive brands, while discussions remain preliminary and non-binding. Myer will also continue its strategic review to strengthen its retail platform and grow its private label portfolio, retaining key brands such as sass & bide, Marcs, and David Lawrence.
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