Myer Holdings Ltd
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— From the desk
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Myer records modest group sales growth as loyalty and online gains offset challenges
Retailer Myer Holdings (ASX: MYR) has reported a modest sales increase from the Myer Group for the second half of FY 2025. Given the group is in a year of transition, Myer considers the 1.9% increase in total sales to $837.2 million for the period a positive outcome. However, while overall sales were positive, Myer’s […]
Myer launches proposed merger with Premier Investments’ fashion business
Australian retailer Myer Holdings (ASX: MYR) has approached Premier Investments (ASX: PMV) to explore the potential acquisition of its Apparel Brands business. The proposed deal – part of Myer’s ongoing strategic review to increase profitability and drive sustainable earnings growth – would see Myer’s exclusive brands portfolio combine with labels including Just Jeans, Jay Jays, […]
TPG Global bids for InvoCare, Xero culls workforce and Myer posts record half sales
Private equity firm TPG Global has taken advantage of beleaguered funeral services company InvoCare’s (ASX: IVC) lacklustre FY2022 results, with a non-binding cash takeover offer valuing it at $12.64 per share. Under the non-binding indicative offer, which was made on Tuesday, TPG is proposing to give InvoCare shareholders $12.65 cash for each share held. This […]
Shares that could make for handy EOFY tax losses
In keeping with the pre-30 June end of financial year (EOFY) vibe, this week your columnist opines on a few well-known underperformers that arguably are worthy of being sacrificed on the altar of the fiscal fiend. In other words: they’re unlikely to recover in a hurry and their best use is as a tax loss. […]