Myer launches massive bid to take over Just Jeans, Jay Jays, Portmans and Dotti in Apparel Brands portfolio Myer makes initial offer for Apparel Clothing firm Portfolio includes Just Jeans, Jay Jays and others READ MORE: All Godfreys shops to shut forever as rescue bid fails By Max Aitchison For Daily Mail Australia Published: 11:26, 24 June 2024 | Updated: 11:26, 24 June 2024 e-mail View comments Myer has launched a massive takeover bid for a group of retail clothing brands including Just Jeans and Jay Jays. The department store giant announced on Monday that it's interested in buying the Apparel Brands portfolio, which is owned by billionaire Solomon Lew's Premier Investments. The portfolio of renowned clothing brands, which has more than 700 stores across Australia and New Zealand and also includes Portmans, Jacqui E and Dotti, generated $845million in revenue in the last financial year.
Mr Lew, who already owns a 31 per cent stake in Myer, would land a seat on the board under the proposed terms of the deal. The announcement played well with investors on Monday, sending Myer's share price north of 20 per cent, while Premier's rose to just under seven per cent. Myer announced on Monday it is interested in buying the Apparel Brands portfolio, which is owned by billionaire Solomon Lew's Premier Investments The portfolio of clothing brands, which has over 700 stores across Australia and New Zealand includes Just Jeans (pictured) and Jay Jays, generated $845million in revenue i.
