Department store chain Myer has proposed merging with billionaire Solomon Lew's Premier Investments' apparel business. The bid includes acquiring brands such as Portmans, Just Jeans, and Jay Jays. Myer has outlined a massive expansion plan with this acquisition. Solomon Lew is also set to close some retail stores as part of the merger. The department store chain has pitched a bid to buy its Apparel Brands business, which owns a group of retail clothing brands.