Pacific Brands Limited
Australian retailer Pacific Brands is to split and sell off its loss-making Brand Collective apparel and footwear business for AUD39m (US$34m).
Australian clothing and footwear retailer Pacific Brands has confirmed it is in discussions on a potential sale of its Brand Collective shoe business.
Pacific Brands has moved to a net loss in its full-year and announced the divestment of its workwear business in a deal worth AUD180m.
Retailer Target Australia has disclosed the locations of its supplier factories in Bangladesh – a move welcomed by charity Oxfam.
Pacific Brands CEO and managing director John Pollaers has stepped down amid differences over the strategic direction of the clothing and footwear business.
Experts on China's textile and apparel industry say that international brands must take increasing care to ensure their sourcing is environmentally and socially responsible, ahead of an anticipated tightening of government restrictions.
- New wage ladder lifts workers towards living wages
- US retailers to face logistics issues into 2015
- African apparel sector needs cooperation to thrive
- New scenarios driving sustainability in textiles
- UK fashion sector prospects depend on partnerships
- Bangladesh worker dies as factory boiler ruptures
- Eight footwear factories lead on social compliance
- Global unions join forces on apparel wage poverty
- Gap unveils management changes as Q3 profit rises
- Low cotton prices lead to government intervention