Myer Holdings completes acquisition of Just Group from Premier Investments

Myer Holdings (ASX:MYR) has completed the acquisition of Just Group from Premier Investments (ASX:PMV).

The move follows an earlier agreement outlined in a share sale and implementation agreement dated Oct. 29, 2024.

The acquisition involves the transfer of five apparel brands—Just Jeans, Jay Jays, Portmans, Dotti, and Jacqui E—to Myer.

In exchange, Premier Investments will receive 890.5 million new fully paid ordinary shares in Myer.

The finalisation of the acquisition was confirmed after successful outcomes at Myer's extraordinary general meeting and Premier Investments’ general meeting on Jan. 23.

Myer Holdings is engaged in the department store business. The company operates approximately 56 department stores across Australia, as well as its online business, myer.com.au.

The company’s merchandise offer includes core product categories: womenswear; menswear; childrenswear; beauty; homewares; electrical goods; toys and general merchandise.