Myer buys big brands from Solomon Lew’s Premier Investments

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Myer will transform from a department store to a $1 billion retailer owning the Just Jeans, Jay Jays and Dotti clothing brands after agreeing to merge with parts of billionaire Solomon Lew’s Premer Investments business.

The deal will hand Mr Lew about 30 per cent of the bigger Myer, and leave Premier Investments focused on growing its Peter Alexander sleepwear and Smiggle stationery brands, which have been booming recently.

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