Bendon deal would provide lifeline for unprofitable, Nasdaq-listed Naked Brand

Mon, 16 Jan 2017

By Paul McBeth Jan. 16 (BusinessDesk) - NBR rich lister Eric Watson's plan to merge his lingerie maker Bendon with New York-headquartered Naked Brand would provide a lifeline for the unprofitable company, which is on notice to maintain stockholder equity or risk losing its Nasdaq listing. Nasdaq warned Naked Brand in September that it wasn't in compliance with listing rules when stockholder equity dropped below US$2.5 million, the US underwear maker said in its third-quarter update. Losing the listing would make it more difficult for inv...

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