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