Pacific Brands Limited
Apparel and textile industry company news
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HanesBrands completes US$800m Pacific Brands deal
Underwear and activewear maker HanesBrands has completed its US$800m acquisition of Australia's leading underwear and intimates firm Pacific Brands.
Hanesbrands in-sourcing to cut costs at Pacific Brands
With agreements for two acquisitions totalling around $1bn in the space of just 21 days, Hanesbrands is positioning itself as the largest basic apparel company in the world. And the power of its company-owned supply chain is seen as the catalyst for substantial savings.
Hanesbrands to buy Australia's Pacific Brands for $800m
Hanesbrands, one of the world's largest underwear and activewear apparel manufacturers, has acquired Australia's leading underwear and intimates firm Pacific Brands in an US$800m deal.
Pacific Brands reveals move to H1 profit
Australian apparel group Pacific Brands has upped its full-year guidance as it revealed a move into profit in its first-half and sales growth across all major brands.
Pacific Brands looks to develop lean supply chain
Australian apparel group Pacific Brands has said it will develop a sustainable, lean global supply chain and mitigate the impact of foreign exchange on its margins after narrowing its full-year loss.
Charges push Pacific Brands to H1 loss
Australian apparel group Pacific Brands slid to a first half loss thanks to impairment charges of A$138.5m, incurred due to a change of approach and currency depreciation.
Top company strategic reviews of 2014
Macro factors, particularly in the US and Europe, have created a somewhat challenging environment for retailers in 2014. Many succumbed to heavy promotional activity in order to keep sales up. Subsequently, however, margins and earnings were hit. As a result, a large number of firms were forced to carry out strategic reviews on their business operations in order to turn their businesses around. Here are some of those that just-style has reported on this year.
Pacific Brands divests brand and workwear units
Australian retailer Pacific Brands has completed its divestments of the Brand Collective and Workwear businesses.
Green light for Wesfarmers' Pacific workwear deal
Australia's competition regulator has given the green light to Wesfarmers' takeover of Pacific Brands workwear division.
Pacific Brands divests Brand Collective for AUD39m
Australian retailer Pacific Brands is to split and sell off its loss-making Brand Collective apparel and footwear business for AUD39m (US$34m).
Pacific Brands in talks to sell footwear business
Australian clothing and footwear retailer Pacific Brands has confirmed it is in discussions on a potential sale of its Brand Collective shoe business.
IN THE MONEY: Pacific Brands review may drive further divestments
Clothing and footwear business Pacific Brands has said it will consider selling more of its brands as it continues to find ways to drive a better company performance.
AUSTRALIA: Pacific Brands divests workwear unit amid FY loss
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.
AUSTRALIA: Target discloses Bangladesh suppliers
Retailer Target Australia has disclosed the locations of its supplier factories in Bangladesh – a move welcomed by charity Oxfam.
AUSTRALIA: Pacific Brands boss Pollaers steps down
Pacific Brands CEO and managing director John Pollaers has stepped down amid differences over the strategic direction of the clothing and footwear business.
AUSTRALIA: Pacific Brands issues FY profit warning
Clothing and footwear business Pacific Brands has lowered its full-year earnings forecast by more than 10% thanks to “challenging” market conditions.
AUSTRALIA: Pacific Brands swings to $219m H1 loss
Australian clothing and footwear group Pacific Brands has booked its first rise in reported sales in five years, but swung to a net loss on write-downs linked to its struggling workwear division.
BANGLADESH: Kmart reveals supplier factory locations, Target to follow
The decision by Australian retailers Kmart and Target Corp to reveal the location of their supplier factories in Bangladesh has been described by Oxfam as a ''watershed moment'' for the country's retailers.
AUSTRALIA: Oxfam urges retailers to sign Bangladesh accord
Australian clothing brands and retailers are being urged to take more responsibility for their supplier factories in Bangladesh as part of a campaign by Oxfam in the run-up to Christmas.
AUSTRALIA: Pacific Brands issues profit warning
Australian clothing group Pacific Brands has issued a full-year profit warning, citing difficult trading conditions and a downturn in the workwear market.
AUSTRALIA: Pacific Brands swings to full-year profit
Australian clothing group Pacific Brands has swung to a full year profit, driven by sales growth in its underwear division.
AUSTRALIA: Pacific Brands CEO unveils turnaround plan
The CEO of ailing Australian clothing and footwear company Pacific Brands has revealed a five-year plan to try to turnaround the company.
AUSTRALIA: Pacific Brands swings to first half net profit
Australian clothing company Pacific Brands swung to a first half net profit despite seeing sales decline over the period.
2012: A year in review - Manufacturing winners and losers
Weak consumer spending, difficulties in securing credit, competition from China and the Far East resulted in factory closures and subsequent layoffs in 2012. But ramping up labour and sustainability standards, eco-friendly production technologies, cost cutting and efficiency improvements saved others from significant losses.
AUSTRALIA: Pacific Brands sales continue to fall
The new CEO of Australian clothing and footwear company Pacific Brands has admitted that group underlying sales have continued to fall since the end of the company's financial year.
In the money: Pacific Brands faces rocky road to recovery
Troubled Australian clothing maker Pacific Brands is in the midst of a multi-year transformation programme that has now claimed its CEO, Sue Morphet, who announced plans to step down as the group saw full-year losses widen. With former Foster's boss John Pollaers set to take the helm, just-style considers the challenges facing the company.
AUSTRALIA: Pacific Brands CEO steps down as losses widen
Australian clothing and footwear company Pacific Brands has announced that CEO Sue Morphet will step down after the company booked wider full-year net losses.
AUSTRALIA: Pacific Brands sells Wentworthville site
Australian clothing company Pacific Brands has agreed to sell underwear brand Bonds' freehold property in Wentworthville, New South Wales.
AUSTRALIA: Pacific Brands pays down $25m debt
Troubled Australian apparel and footwear group Pacific Brands has cut its debt by A$25m due to stronger cash flow and the sale of two surplus properties.
AUSTRALIA: Pacific Brands appoints Bush as chairman
Pacific Brands' chairman James MacKenzie has decided to step down from his role at the Australian apparel manufacturer.
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