Shareholders approve Myer and Premier Investments deal | ABC NEWS

Tough trading conditions are upending Australia's fashion retailers. Myer's shareholders have voted for the department store to takeover five fashion brands in a bid to stay relevant. The deal comes as another Australian chain, Rivers, is being shut down completely with 650 people to lose their jobs. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2025-01-23/myer-premier-shareholders-approve-apparel-brands-deal/104847090 ABC News provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation. For more from ABC News, click here: https://ab.co/2kxYCZY Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1 Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2 Like ABC News on Facebook: http://facebook.com/abcnews.au Follow ABC News on Instagram: http://instagram.com/abcnews_au Follow ABC News on X (Twitter): http://twitter.com/abcnews Note: In most cases, our captions are auto-generated. #ABCNews #ABCNewsAustralia