Premier Investments (PMV)

Shares / Stock Code

PMV

Stock Exchange / Sharemarket

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Premier Investments (PMV) is an investment company. The Company holds significant shares in Coles Myer, Housewares International, and money market deposits. Premier is operating several speciality retail fashion chains through its subsidiaries. It listed on the Australian Stock Exchange on 15 December, 1987. During the fiscal year ended June 30, 2008, (fiscal 2008), the Company had been primarily engaged in investing in listed securities and money market deposits. As of June 30, 2008, the Company had a shareholding of 24.8% in Housewares International Limited. The Company also owns in excess of 90% shares of Just Group Limited. PMV’s significant shareholding in Coles Myer Limited which was later renamed to Coles Group, had been the key investment of the Company for many years. This investment was disposed of by Premier in April 2007 to an entity associated with Wesfarmers Limited. In August 2008 Premier successfully acquired the control of the Just Group, a quality retailing business. Premier now holds a portfolio of Just Jeans, Jay Jays, Portmans, Jacqui E, Peter Alexander, Dotti and Smiggle brands. Premier is currently focused on leveraging its expertise and capital position to acquire and operate a range of retail and wholesale businesses. The Company has a team of highly experienced professionals having deep expertise across the retail spectrum and throughout the economic cycle.

Premier Investments History

Premier was founded as an investment company with an objective to increase the capital returns to shareholders through the acquisition of controlling or strategic shareholdings in premier Australian companies, with a main focus on retail, import and distribution businesses. Premier floated on the ASX in August 1987. In 1999 Premier completed the disposition of 80% of its holding in Housewares International via an IPO.