Australian retailer Pacific Brands has completed its divestments of the Brand Collective and Workwear businesses.

The news comes just a week after Australia's competition regulator gave the go-ahead to Wesfarmers' takeover of Pacific Brands Workwear division, which includes the Hard Yakka, KingGee and Stubbies brands, for AUD180m (US$127.2m).

In a statement today (1 December), Wesfarmers said the transition of 1,000 of Pacific Brands employees would now commence and a platform for future growth will be established.

"Wesfarmers Industrial and Safety (WIS) looks forward to bringing together its customer relationships, distribution channels and industrial workwear offer with these new leading brands to deliver growth, an expanded offer to customers and development opportunities in new markets," WIS managing director Olivier Chretien said.

Meanwhile, the Brand Collective apparel and footwear business has been split in a AUD39m (US$34m) deal. Private equity firm Anchorage Capital Partners has acquired the division's footwear and apparel categories, which include the Grosby, Julius Marlow and Volley brands, along with licensed labels Clarks, Hush Puppies, Mossimo and Superdry.

Sports brands Dunlop and Slazenger have been offloaded to IBML, a division of Sports Direct International, while sport assets related to the sport business, including Everlast equipment, have been sold to Designworks, a division of Australian apparel company The PAS Group.

Click on the following link for further insight on the company's divestment plans: Pacific Brands review may drive further divestments.