Naked Brand shareholders approve Bendon sale to management
27 Apr, 2021 05:35 AM
2 minutes to read
The majority of Bendon s retail stores are in New Zealand, with most of its revenue generated here. Photo / Adam Pearse
The majority of Bendon s retail stores are in New Zealand, with most of its revenue generated here. Photo / Adam Pearse
NZ Herald
Shareholders of Nasdaq-listed Naked Brand Group have approved the divestment of Auckland-based lingerie chain Bendon to a group of existing management. Proxy votes were cast in favour of the deal at Naked s annual shareholders meeting in Sydney, despite most shareholders residing in the US.
A preliminary vote tally showed 114.1 million shares were voted in favour of the deal and 1.97 million against, according to a US SEC filing.
Make or break time for Bendon as shareholders prepare to vote on management buy-out
18 Apr, 2021 05:00 PM
4 minutes to read
Heidi Klum on set at a 2014 campaign shoot for Bendon, which is being sold by Naked Brand as it focuses on its e-commerce business. Photo / File
Heidi Klum on set at a 2014 campaign shoot for Bendon, which is being sold by Naked Brand as it focuses on its e-commerce business. Photo / File
Shareholders for the owner of Auckland-based lingerie chain Bendon will this week vote on a management buy-out. Bendon s Nasdaq-listed owner Naked Brand Group (Naked) announced plans earlier this year to restructure and dispose of its