Retailer Myer to takeover of Premier’s apparel business in $623 mln deal – ET Retail
AI Generated representative image Australian department store owner Myer will buy retail billionaire Solomon Lew‘s Premier Investments‘ apparel brands business, in a deal valued at A$863.8 million ($568.38 million), the companies said on Tuesday. Myer will issue Premier 890.5 million new shares in the retailer and there will be an A$82 million cash contribution by…