Just Acquires Smiggle - Investor Update



Just Acquires Smiggle - Investor Update
Just Acquires Smiggle - Investor Update
July 2007
• Great brand
• Colourful, bright stationery
with fashion input
• 18 stores in Victoria, New
South Wales and Queensland
and wholesale in Australia Post
Business Overview
• Founded in 2003
• Stores
– Average size 60m2
– Strip locations (3) and major Shopping Centres (15)
• Distribution agreement with Australia Post – 80 outlets
Attractive addition to lifestyle segment
Mature women
30’s / Lifestyle
Consumer Age
Contemporary Fashion
Existing brands
New brand
Potential brands
Accessories / Intimates / Footwear, etc.
Same Retail Model
• Highpoint
• Chadstone
• Northland
• Melbourne Central
• Hawthorn
• South Yarra
• Knox
• Brighton
• Southland
• Fountain Gate
• Frankston
• Bondi
• Castle Hill
• Hornsby
• Miranda
• Parramatta
• Chermside
• Indooroopilly
Same Supply Chain
Best Apparel Supply Chain
• 100% own label
• China sourced
• Fast response
Same Fashion and Youth Focus
Dolly Magazine January 2007
Purchase Structure
• Purchase price
– At least $29.0m
– $23.2m payable on completion at end of August 2007
– Balance payable after 2010 based on 2009 and 2010
business profitability (earn out)
• Existing management continuing
• Objectives totally aligned
• Stores
– Annualised effect and continued growth of existing stores
– New stores
• Wholesale expansion in Australia Post and potentially other
• On line
Acquisition expected to be Just Group earnings per share accretive
by at least 1 cent in each of FY08 and FY09
Australasia’s Leading Specialty Fashion Retailer
Investor Update
July 2007

Similar documents

Buy from a Range of Mens Clothing in Australia

Buy from a Range of Mens Clothing in Australia Buy online from a huge collection clothing for men in Australia at celebritystylefashion.com.au. If you spend over $50 then use code KYLIE15 to get 15% off! Get up to 90% off! Free Shipping available on all orders! Visit Us: https://www.celebritystylefashion.com.au/

More information

fashion blog

fashion blog A fashion blog is space where you can find lots of fashion updates and which covers and share about the current status of fashion industry like latest collection of clothing’s, accessories, celebrity fashion choice, beauty products, street fashion, upcoming fashion show, personal fashion choice etc.

More information