Premier Investments (PMV) - Demerger of Apparel Brands to Myer

Apparel Brands gets green light

Published: 05 November 2024

Premier Investments and Myer today confirmed the proposal to merge Premier Apparel Brands and Myer. Premier shareholders will receive 7.2 Myer shares at a post synergies 13.0x PE valuation. Premier Investments retains high margin Peter Alexander and Smiggle and an investment in Breville.

Not already a member?
Join now to get all the latest reports in full and stay informed.

Get started