Airlie makes a Premier investment

Airlie Funds Management has emerged as a major shareholder in Just Jeans parent company Premier Investments.

Airlie Funds Management, the boutique fund manager started by former Perpetual head of equities John Sevior last year, has emerged as a major shareholder in Just Jeans' parent company Premier Investments.

Airlie last night declared it had secured a 5.36 per cent stake in Premier -- some 8.3 million shares valued at $65.8 million, based on yesterday's closing price of $7.91 for Premier.

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