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Myer operated its own direct mail order company, Myer Direct, from 1989 until its sale to EziBuy [74] in January 2002. In October 2007, Myer launched an online gift store, including electronic goods, perfumes, miss shop clothing and gift cards. [75]
On 13 March 2006, Coles Myer announced it would sell Myer to a consortium controlled by US private equity group Newbridge Capital. The consortium also included the Myer family, who held a 5% stake. The sale was completed for A$1.4 bn on 2 June 2006. [15] Coles Myer changed its name to "Coles Group Limited" in November 2006. [16]
Grace Bros was an Australian department store chain, founded in 1885. It was bought by Myer (later Coles Myer) in 1983.There were 25 stores across New South Wales and the Australian Capital Territory plus a few in Victoria, until they were re-branded under the Myer name in 2004.
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[23] [24] [45] Exactly a year later, Brazin stated that after a rocky start (with staff recruitment issues and aligning products with the typical Myer customer), Virgin at Myer was up 45 per cent on comparative sales and was performing well. [4] [46] A Sanity outlet within the Northgate Shopping Centre