Veteran Australian retail entrepreneur Solomon Lew will consolidate some of his key assets in a complex merger of his company Premier Investments with department store chain Myer. The long awaited deal, telegraphed several months ago, will give Premier Investments more than half of Myer Holdings'.
Business
Premier Investments to control Myer Holdings after scrip deal
Myer will gain a portfolio of brands including Just Jeans and Portmans, and move to a more vertically integrated retail model.