Myer and its most vocal critic have struck a deal for the department store chain to buy his company’s portfolio of fashion brands, including shopping mall mainstays Just Jeans, Jay Jays and Portmans.
Myer is one step closer to building Australia’s “leading retail ecosystem” after striking a deal with Premier Investments to purchase a swathe of popular fashion brands, including Just Jeans.
Shares in Australia’s Premier Investments rose as much as 12 per cent on Tuesday after retailer Myer bought its fashion portfolio for A$863.8mn ($569mn). Myer will acquire the Dotti, Jacqui E, Jay ...