Myer and Premier Investments shareholders back merger deal

Shareholders of Myer and Premier Investments today backed an agreement enabling the department store to expand its retail footprint to more than 780 stores.

Under the deal, Myer will take charge of Premier Investments' clothing division, Apparel Brands, which comprises Portmans, Dotti, Jacqui, Just Jeans and Jay Jays.

Proxy voting figures released ahead of today's separate meetings by Myer and Premier shareholders showed heavy majorities in favour of the deal.

To read more: https://www.9news.com.au/finance/myer-and-premier-investments-shareholders-back-deal/deacd8b9-8dda-4c32-9ffc-35f3d916f967