Brett Blundy has finally offloaded his Bras N Things lingerie retail chain to US giant Hanes Brands in a deal valuing the group at $500 million, and proceeds will be rolled into his private firm BBRC Capital Management Fund I.
The deal appears to be a silver lining in an ugly week that included Wesfarmers $1 billion debacle with Bunnings UK and Myer's horrid January when it said comparable store sales fell 6.5 per cent, after a tough December.
Loading...
Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
