Myer Holdings Limited (AU:MYR) has released an update.
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Myer Holdings Limited has announced a transformational merger with Apparel Brands, including Just Jeans and Jay Jays, to create a leading retail platform across Australia and New Zealand. This combination, expected to complete in early 2025, aims to enhance Myer’s scale and capabilities, potentially increasing earnings by at least $30 million per annum. The merger will also leverage Myer’s loyalty program and eCommerce platform, promising significant growth and investment opportunities.
For further insights into AU:MYR stock, check out TipRanks’ Stock Analysis page.
