ASX Announcements
Market Sensitive
Proposal received from Myer Holdings Limited
Progress Report, Company Administration - Other
- Jun 24, 2024
- 2 pages
Market Sensitive
MYR: Approach to Premier and Strategy Update
Progress Report, Company Administration - Other
- Jun 24, 2024
- 3 pages
Application for quotation of securities - PMV
Appendix 2A (Application for Quotation of Securities)
- Jun 17, 2024
- 7 pages
Application for quotation of securities - PMV
Appendix 2A (Application for Quotation of Securities)
- Jun 4, 2024
- 7 pages
This Month
Solomon Lew’s surprise role model? Vegas mogul Sheldon Adelson
Like the colourful businessman, the billionaire rag trader won’t stop building his empire. And Myer, with a new chief, is finally playing ball.
- Updated
- Jemima Whyte
June
Joe Aston on Qantas’ nosedive | Star CEO’s danger money | Myer’s makeover
This week, Anthony and special guest Joe Aston get advice on negotiating pay from Star Entertainment’s recruit, look at Qantas’ latest fall from grace and go shopping with Solomon Lew at Myer.
Premier, Myer alliance could yield savings of $55m a year
The merger could land the department store chain a $1 billion-plus valuation, brokers say.
- Carrie LaFrenz
- Opinion
- Chanticleer
Myer’s new brigade imagines a future with warring Solomon Lew
Myer’s battle with its biggest shareholder hasn’t been good for anyone, so credit to the new brigade for bringing it to a head.
- Updated
- Anthony Macdonald
Myer outlines massive expansion plan with Just Jeans, Jay Jays buy
The department store has proposed acquiring several brands owned by Solomon Lew’s Premier Investments, its largest shareholder, in a bid to trigger growth.
- Kylar Loussikian
Myer taps Barrenjoey, Clayton Utz for Premier approach
Premier is working closely with UBS and Arnold Bloch Leibler to assess the proposal.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Lovisa investors remain bullish despite high-profile CEO exit
But brokers have downgraded the Brett Blundy-controlled chain as the executive who oversaw rapid international expansion, Spaniard Victor Herrero, leaves.
- Carrie LaFrenz
- Opinion
- Chanticleer
Brett Blundy’s poaching of Solomon Lew’s exec leaves a big question
As Solomon Lew’s Premier Investments considers a spin-off of Smiggle, the departure of the chain’s boss, John Cheston, raises questions about the timing of such a deal.
- James Thomson
Brett Blundy poaches new Lovisa boss from Solomon Lew’s retail empire
The jeweller’s chief executive, Victor Herrero, will be succeeded by John Cheston, who runs Smiggle. Premier Investments has been hoping to float the kid’s stationery chain.
- Updated
- Carrie LaFrenz
May
- Opinion
- Retail
Why Olivia Wirth’s top Myer role is a governance fail
Myer’s decision to appoint Olivia Wirth as executive chair and CEO has stunned corporate governance experts but has the full support of Solomon Lew.
- Sue Mitchell
March
Banks want to take more risk; Exciting stocks to watch; Do execs deserve mega pay?
This week, James and Anthony reveal why our big bank CEOs want to take more risks, ask whether big executive salaries really incentivise business leaders, and take the pulse of the market with a special guest fund manager.
- Updated
- Earnings season
Solomon Lew advances plan to break up Premier Investments
The billionaire rag trader says the aim is to spin off the children’s stationery brand Smiggle and PJs brand Peter Alexander in 2025.
- Updated
- Carrie LaFrenz
- Opinion
- Chanticleer
Solomon Lew’s $3b bet on global growth
Premier Investments is set to split itself in three, launching the Smiggle and Peter Alexander divisions onto the ASX as separate companies.
- Updated
- James Thomson
- Opinion
- Chanticleer
Olivia Wirth parachutes into Myer with a mission
Wirth faces a steep learning curve as Myer’s new executive chairwoman. But she has three things on her side – including the backing of Solomon Lew.
- Updated
- James Thomson
January
Metcash appoints former JB Hi-Fi CEO to run tools franchise
Richard Murray abruptly left Solomon Lew’s Premier Investments in August and was previously chief executive at JB Hi-Fi. He starts at Total Tools this month.
- Updated
- Kylar Loussikian
November 2023
Lew’s Premier Investments posts record Black Friday sales
The billionaire told Premier’s AGM a review into a possible demerger confirmed “significant” future growth options available to each of its brands.
- Carrie LaFrenz
November 2023
- Opinion
- Retail
Why Black Friday discounts could come back to bite retailers
In a desperate attempt to boost lacklustre sales, retailers have turned what was originally a short, sharp shopping promotion into an extended margin-sapping clearance sale.
- Sue Mitchell
Myer CEO predicts Black Friday to beat Christmas
First-quarter same-store sales fell 0.9 per cent, but the trend in the last seven weeks improved as the retailer heads into its key trading period.
- Carrie LaFrenz
- Opinion
- Retail
Cup Day rate rise casts pall over Black Friday, Christmas spending
Retailers are counting on Black Friday to save Christmas, but the latest rate rise could dent confidence and force retailers to discount more deeply.
- Sue Mitchell
Solomon Lew raises concerns too many Myer executives are quitting
The billionaire retailer is the department store’s largest shareholder and has urged it to provide a market update at its annual meeting on Thursday.
- Carrie LaFrenz