Shares in Premier Investments have rallied despite a first-half profit slump, after billionaire chair Solomon Lew said he was in no rush to spin-off a key brand until the valuation was right.
Premier posted a first-half net profit after tax of $117.1 million, with pre-tax profits down 12.7 per cent as sales for kids stationary giant Smiggle slumped 14.5 per cent from the equivalent half.
