Stationery brand Smiggle and sleepwear business Peter Alexander will be spun off from Premier Investments’ portfolio of brands next year to become standalone ASX-listed retailers with ambitious international expansion plans.
Smiggle is set to be demerged by the end of January next year, while a similar spin-off for Peter Alexander is being explored for some time in calendar 2025. Premier’s board of directors is working through regulatory approval processes to execute the proposed spin-off. Regarding Peter Alexander’s potential spin-off, Lew said: “It’s all about the day-to-day shareholders and creating the opportunity and the profitability, there milestones and timetables, but we’re working through all those.”
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