Premier Investments Ltd

PMV: XASX (AUS)
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Premier Investments: UK Exit a Set Back for Peter Alexander's Global Expansion Ambitions

Premier Investments sales declined 2% year-on-year. Unaudited underlying EBIT of AUD 176 million is down 10% year-on-year, missing prior guidance by 4%. Unable to replicate the success of the core Peter Alexander brand in the United Kingdom, it is closing all three physical stores there.

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