Premier Investments Limited

( ASX:PMV ) - Retailing


Smiggle, Online Buoys Premier Investments

Despite a tough domestic retail environment, Premier Investments ((PMV)) continues to maximise trading outcomes for its portfolio of brands. The driver of growth in the company’s retail footprint is Europe, where Smiggle stores will be launched in the Netherlands in the second quarter of FY19.

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Analyst Views

PMV – UBS rates the stock as Buy

UBS retains a positive view on the stock following the 10.77% investment in Myer ((MYR)).The company has stated it does not currently intend to make a takeover offer and, should its intentions change, the broker envisages synergies of well over $25m in the form of revenues and gross profit.

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