Retail

Premier Investments (PMV) recently announced the proposal received from Myer Holdings to divest PMV’s non-core Apparel Brands to Myer via an all-script sale.

We revisit Cettire's fulfilment and returns policy including the latest customer reviews in comparison to luxury e-commerce peers since our last assessment in Nov-22.

Propel Funeral Partners announced three acquisitions in regional Australia/New Zealand at A$10.6m (cash/script based) and an upsizing of funding facilities.

PMV announced a strong 1H21 result ahead vs its 13 January update, with EBIT (pre-AASB16) lifting 88.5% vs pcp to $237.8m (vs guidance $221m-$233m).

PMV recently provided an update on trading for 1H21, with key highlights including 1H21 EBIT guidance to be $221m-$233m, 1H21 EBIT margin balloons to >28% vs 17.2% in 1H20 and robust sales performance.