Myer Holdings Limited is engaged in the operation of the Myer department store business. The store network includes a footprint of approximately 65 stores in retail locations across Australia. The Myer merchandise offer includes 11 product categories, which include womenswear; menswear; Miss Shop (youth); childrenswear; intimate apparel; beauty, fragrance and cosmetics; homewares; electrical goods; toys; footwear, handbags and accessories; and general merchandise. The Company also undertakes activities outside the department store retail business through its subsidiary, sass & bide. The Myer merchandise offering includes national brands, Australian and international designers, as well as 66 brands which are owned or licensed and distributed exclusively by the Company, known as Myer Exclusive Brands. In May 2014, UBS AG and its related bodies corporate ceases to be a substantial share holder of the Company.