Myer Holdings completed the merger with Premier Investments' apparel brands in an AUD946m deal.

Myer, an Australian mid-range to upscale department store, completed the merger with Premier Investments' apparel brands, an Australia-based company, which operates a number of specialty retail fashion chains, in an AUD946m deal. "The combination of Myer and Apparel Brands is transformational for our business. If approved by shareholders, it will create a leading retail group with more than 780 stores across Australia and New Zealand, with a large and highly engaged customer base and capital to fund future investment and growth," Olivia Wirth, Myer Executive Chair.