It's been a strong start to the FY despite pandemic headwinds which have forced Premier Retail to lose over 40,000 trading days. However, its online sales have been the saving grace for the group, representing...

Premier Investments has shared its 'bitter disappointment' in Myer as it acquired a further 41.1 million shares at $0.40 a share. This gives it an overall effective stake of 15.77 percent. 

Premier Retail has recorded strong growth in its first-half results for 2021, with Peter Alexander and online channels recording standout sales.

The CEO of Premier Retail and the Executive Director of Premier Investments, Mark McInnes, has decided to depart after ten years in the role.

Premier Investments has recorded strong online growth in the first 24 weeks of trading in 1H21, recording strong retail sales from Peter Alexander, JayJays and Just Jeans.

Premier Investments is requesting a copy of both Myer's register of members and the register maintained by Myer, following a letter criticising the retailer's FY20 results. 

After a year-long slur campaign, Solomon Lew’s attempt to overthrow the Myer board has failed, but it’s not all happy news for Myer.

At Premier Investments’ AGM, Solomon Lew told shareholders that the business is committed to improving its digital channels, but offline will always be “a key driver of sales”.

Based on comments made on ABC’s, The Business Broadcast on Wednesday night, Myer believes Premier Investments is staging a coup, claiming investors “should be deeply concerned”.

Chairman of the board, Garry Hounsell, has warned shareholders not to vote against Myer’s board at the upcoming AGM, taking shot at Premier Investments’ “media tricks”.

The AFR has released a scathing review of Myer’s finances, claiming the more than 100-year-old retailer is “at death’s door”.

Myer released its annual report on Thursday morning, revealing changes to board fees and executive salaries to cutback expenses, while re-affirming the company’s customer first and e-commerce focus for FY19.