Solomon Lew’s Premier Investments has started off the new financial year with a bang with a $50 million share buyback and special dividend in tow, sending the share price to a near five-month-high on Thursday.
Mr Lew told The Australian Financial Review that Premier Retail, which spans seven brands – Peter Alexander, Smiggle, Dotti, Just Jeans, Jay Jays, Portmans and Jacqui E – had opened the new financial year “very strongly”.
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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
