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Myer launches takeover bid for $845 million retail business including Just Jeans, Jay Jays

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The department store has launched a takeover bid for a group of retail clothing brands including Just Jeans and Jay Jays.

Myer has launched a takeover bid for a group of retail clothing brands including Just Jeans and Jay Jays.

"Against the backdrop of a changing retail landscape, Myer has commenced a thorough review of its strategic direction and growth opportunities... as part of this review, Myer is exploring both organic and inorganic investment opportunities that align with our strategic focus areas to create value for Myer shareholders," she said.

"Premier also believes that there may be meaningful opportunity for both businesses from the proposal," it said in a statement to the ASX.

 

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Myer looks to expand by acquiring clothing brands including Just Jeans, Jay Jays, and Dotti7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
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