The UK’s Brexit decision didn’t affect the sale of pencil cases, according to retailer Premier Investments – a fact that helped push the Solomon Lew-led brand portfolio beyond $1 billion in sales this year.
The 2016 financial year results for the group, which owns a suite of retail brands including Smiggle, Dotti, Just Jeans and Peter Alexander, showed net profit after tax was up 18% on 2015, to $103.9 million.
The darlings of the portfolio were Peter Alexander and Smiggle, both posting significant like-for-like product sales growth.
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