Hot Topic Hawke’s Bay

General Business

3 mins to read

Naked Brands sells assets as Watson support dries up

Lingerie and swimwear group at mercy of bank.

Tim Hunter Wed, 10 Jul 2019

Eric Watson’s Naked Brand Group is mulling the sale of several brands in its portfolio as it faces delisting from Nasdaq and default on its bank loan after reporting a loss of $49.2 million for the year to January.

The Australian-headquartered company makes and markets lingerie and swimwear

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Tim Hunter Wed, 10 Jul 2019

Contact the Writer: thunter@nbr.co.nz

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Tags

Naked Brands Eric Watson Cullen Investments BNZ