PRT Port.fd.idr

RNS NO 1494W
PARTNERS HOLDINGS PLC
27th August 1997


                    PARTNERS HOLDINGS PLC
                        ("Partners")
                              
                              
                        AGM Statement
                              
                              
All  resolutions  were passed at Partner's AGM  held  today.
Michael  Scorey,  Chairman, made the following  comments  on
current trading:


"Turnover   this   year  has  increased  14.9%,   reflecting
additional  sales generated by the newly opened stores.   We
have  not  in  our  underlying  business  seen  any  current
evidence of a rise in consumers' spending.  As was mentioned
in  the  Annual  Report, trading during  the  summer  months
comprises our lowest sales weeks of the year and do not form
a  reliable basis for forward projections with the busy Back
to   School  and  College  in  late  August/  September  and
Christmas periods still to come.

Our  store opening programme is on target with 12 new stores
opening since 31 March 1997, more than half way towards  the
20  planned for the year.  These new stores have  opened  on
time   and  are  trading  in  line  with  our  expectations.
Electronic Point of Sale is now operational in all stores.

Our  new  purpose  built warehouse, and  office  complex  at
Crewe,  is  also  on  target  and  the  warehouse  will   be
operational at the end of September."

Enquiries:

Partners Holdings plc                   Tel: 01782 534328
Peter Davey, Chief Executive

College Hill                           Tel: 0171 457 2020
Matthew Smallwood
Nick Elwes



END

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