C13 Textile Leather Clothing and Footwear Manufacturing

Threadbare ethics of Australia’s fashion brands shown in charity group’s report

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Original article by Genevieve Thorpe
The New Daily – Page: Online : 18-Oct-22

Charity organisation Baptist World Aid has released its annual ‘Ethical Fashion Guide’, in which it assesses 581 fashion and footwear brands against six key areas, including use of sustainable fibres, commitment to climate action and payment of living wages. The brands were ranked out of 100, with the total average score being just 29.25, down from 33.6 in 2021. Ethical underwear brand Mighty Good Basics achieved the highest score with 86 points, while 40 per cent of brands had no idea where their raw materials come from.

CORPORATES
BAPTIST WORLD AID

Billabong still has long wave to ride

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Original article by Sue Mitchell
The Australian Financial Review – Page: 19 : 27-Feb-15

Australian-listed Billabong International has posted a 2014-15 interim net profit of $A25.7m, following a $A126.3m loss for the first half of 2013-14. The surfwear group’s EBIT from continuing operations was 4.9 per cent lower at $A42.81m. Billabong has flagged an increase in annual capital expenditure in the next few years, with an upgrade of its supply-chain systems and the implementation of an omni-channel retail platform

CORPORATES
BILLABONG INTERNATIONAL LIMITED – ASX BBG, SURF DIVE N SKI AUSTRALIA PTY LTD, SURFECTION PTY LTD, BEACH CULTURE INTERNATIONAL PTY LTD, WEST 49 INCORPORATED, RVCA

Pacific Brands: hope after loss

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Original article by Simon Evans
The Australian Financial Review – Page: 7 : 18-Feb-15

Restructuring costs and impairment charges contributed to Pacific Brands’ $A108.7m for the first six months of 2014-15. Revenue was six per cent higher at $A391.8m, and its Bonds brand achieved sales of $A176.3m. CEO David Bortolussi warns that the recent fall in the Australian dollar will force all underwear manufacturers to increase their prices in 2016. Some market watchers have suggested that prices could rise by 10-15 per cent

CORPORATES
PACIFIC BRANDS LIMITED – ASX PBG, BONDS INDUSTRIES LIMITED, HARD YAKKA, KING GEE CLOTHING COMPANY, WESFARMERS LIMITED – ASX WES, SHERIDAN AUSTRALIA PTY LTD, TONTINE BEDDING, KMART AUSTRALIA LIMITED, TARGET AUSTRALIA PTY LTD, GROSBY FOOTWEAR, VOLLEY, BRAND COLLECTIVE

Foreigners dive in to Aussie beach brands

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Original article by Rebecca Thurlow
The Australian – Page: 17 : 12-Jan-15

The acquisition of Mambo by Saban Brands is the latest example of an overseas group being attracted to an Australian clothing business with links to the nation’s beach and surfing culture. Previous ones were the purchases of Seafolly by LVMH Moet Hennessy Louis Vuitton and of Billabong International by a consortium of US-based hedge funds headed by Centerbridge Partners. Saban’s manager of strategic business development, Dan Castle, says Mambo’s irreverent design philosophy will be largely retained

CORPORATES
MAMBO, SABAN CAPITAL GROUP INCORPORATED, BILLABONG INTERNATIONAL LIMITED – ASX BBG, SEAFOLLY PTY LTD, CENTERBRIDGE PARTNERS LP, LVMH MOET HENNESSY LOUIS VUITTON SA, QUIKSILVER INCORPORATED, BONDS INDUSTRIES LIMITED, PACIFIC BRANDS LIMITED – ASX PBG, SPEEDO AUSTRALIA PTY LTD, BRAND FINANCE (AUSTRALIA) PTY LTD, NEW YORK STOCK EXCHANGE

Anchorage to buy Pacific’s Brand Collective unit

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Original article by Sarah Thompson, Sue Mitchell
The Australian Financial Review – Page: 15 & 20 : 18-Nov-14

Private equity firm Anchorage Capital Partners is believed to be in talks to acquire the Brand Collective division of Australian-listed Pacific Brands. The division boasted sales of $A205m in fiscal 2014, but it posted a loss of $A0.9m prior to one-off costs. Anchorage will be hoping to emulate its success in turning around the fortunes of Dick Smith. Brand Collective owns brands such as Volley and Grosby, and operates several chains of shoe stores

CORPORATES
PACIFIC BRANDS LIMITED – ASX PBG, BRAND COLLECTIVE, ANCHORAGE CAPITAL PARTNERS PTY LTD, GROSBY FOOTWEAR, VOLLEY, SHOE WAREHOUSE, SHOE SUPERSTORE GROUP PTY LTD, DICK SMITH HOLDINGS LIMITED – ASX DSH, SUPERDRY, MOSSIMO, HUSH PUPPIES, CLARKS SHOES LIMITED, WOOLWORTHS LIMITED – ASX WOW, MYER HOLDINGS LIMITED – ASX MYR, HARD YAKKA, KING GEE CLOTHING COMPANY, STUBBIES CLOTHING COMPANY, WESFARMERS LIMITED – ASX WES, MACQUARIE CAPITAL PTY LTD, KPMG AUSTRALIA PTY LTD, BONDS INDUSTRIES LIMITED, SHERIDAN AUSTRALIA PTY LTD

Gazal woos tribal tradies in Wesfarmers workwear fight

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Original article by Simon Evans
The Australian Financial Review – Page: 25 : 23-Oct-14

Gazal Corporation will ramp up its marketing of the Bisley workwear brand. It will also launch new products in the Bisley range as it prepares to face competition from conglomerate Wesfarmers, which has bought the King Gee and Hard Yakka brands from Pacific Brands. DS WorkWear & Safety’s Shaun Spencer says tradespeople have a high level of loyalty to workwear brands

CORPORATES
GAZAL CORPORATION LIMITED – ASX GZL, BISLEY WORKWEAR, WESFARMERS LIMITED – ASX WES, KING GEE CLOTHING COMPANY, HARD YAKKA INDUSTRIES PTY LTD, DS WORKWEAR AND SAFETY, VAN HEUSEN, MIDFORD, PACIFIC BRANDS LIMITED – ASX PBG, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, DAVID JONES LIMITED, WORKIN’ GEAR PTY LTD, FXD, GLOBE INTERNATIONAL LIMITED – ASX GLB, JUST JEANS PTY LTD, PREMIER INVESTMENTS LIMITED – ASX PMV, NINE NETWORK AUSTRALIA LIMITED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC