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Lew’s Premier Investments posts record Black Friday sales

Carrie LaFrenz

Key Points

  • Premier Investments posted record Black Friday sales over the week.
  • Chairman Solomon Lew says the first stage of the demerger review found significant future growth options for each business.
  • Premier Retail is guiding $200 million of EBIT for the first half of 2024.

Billionaire chairman Solomon Lew says his Premier Investments – the retailer behind brands including Peter Alexander and Smiggle – had record Black Friday trading and its demerger investigations are still underway.

Mr Lew told shareholders at Premier’s annual meeting in Melbourne on Friday that an early-stage review into a spin-off of some of its brands confirmed “significant” growth available to each of its businesses.

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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com

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    Original URL: https://www.afr.com/companies/retail/lew-s-premier-investments-posts-record-black-friday-sales-20231201-p5eo9n