ASX Announcements
Market Sensitive
PMV: Proposal received from Myer Holdings Limited
Progress Report, Company Administration - Other
- Jun 24, 2024
- 2 pages
Market Sensitive
Approach to Premier and Strategy Update
Progress Report, Company Administration - Other
- Jun 24, 2024
- 3 pages
Notification of cessation of securities - MYR
Appendix 3H (Notification of cessation of securities)
- Jun 21, 2024
- 4 pages
Yesterday
- Updated
- Earnings season
Jump in JB Hi-Fi sales fuels retail earnings optimism
Investors predict better-than-expected earnings for retailers after months of soft trading.
- Updated
- Carrie LaFrenz
This Month
Big discounting and store closures hit Myer’s bottom line
The department store has warned it will record a fall in sales when it publishes its financial results next month, as lower customer spending takes its toll.
- Carrie LaFrenz
July
The war in Gaza is dividing Australians. Business is worried
Paul Bassat says Australia is fighting a “war of ideas” and losing; John Mullen says business people are too scared to say what they really think and Rod Eddington fears multiculturalism is under threat.
- Patrick Durkin
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.
- 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
Kean gets top climate job; Cettire dives 44pc; Myer’s huge expansion
Read everything that’s happened in the news so far today.
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
Bernie Brookes’ retail business emerges from administration
The ex-Myer boss owns Colette and The Daily Edited. Just two months ago, his business was tipped into voluntary administration, but has emerged a much smaller group.
- 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
April
Solly Lew’s stake in Myer creeps up to 31pc; UCP on trade
The trade would take Premier Investments to circa 31 per cent of the Australian retail giant’s register.
- Sarah Thompson, Kanika Sood and Emma Rapaport
March
How loyalty saved Myer from the retail graveyard
In 2019 Myer’s loyalty scheme was terminal. Five years later, it is central to driving sales at the recharged department store.
- Carrie LaFrenz
- Opinion
- Australian economy
Wirth’s dual role at Myer is tricky for good governance
Boardroom culture that supports open and honest discussions is far more important than whether the chief executive and the chairman are one and the same.
- Megan Motto
Why Brookfield wants Optus | Myer boss’ big test | Could AI be deflationary?
This week, James and Anthony examine what SingTel could gain from selling Optus, look at whether an ex-Qantas exec could grow Myer, and discuss two tectonic shifts in markets that will decide the next decade.
- 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
- Updated
- Executive shake-up
Former Qantas Loyalty chief executive Olivia Wirth to run Myer
She will assume the role of executive chairwoman at the Solomon Lew-backed retailer, which also announced a fall in its interim net profit on Thursday.
- Updated
- Carrie LaFrenz
‘Substantial’ risk to GDP growth as firms destock
A surprise fall in inventories could shave 1 percentage point off GDP growth and raises the possibility the economy contracted in December for the first time since the pandemic downturn.
- Updated
- Michael Read
February
Myer launches buyer search for trio of fashion labels; KPMG hired
KPMG started contacting potential buyers just before Christmas, and a sale flyer was sent to interested parties in the past fortnight.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Retail stocks nail the soft landing, lighting a fire under shares
The ASX’s retailers are the early earnings season winners, smashing dire predictions about the financial health of Australian consumers and the economy.
- Joshua Peach and Joanne Tran
