Bendon merger with Pleasure State started with A$2M deposit, accounts show

Tue, 07 Aug 2012

By Paul McBeth Aug. 8 (BusinessDesk) - Bendon Group, which has the global distribution rights for Elle Macpherson Intimates and Stella McCartney underwear, put up A$2 million to kick off a 2011 merger with Australian rival Pleasure State in a deal that shrank millionaire Eric Watson’s stake in the company. Bendon's Australian unit made the deposit on Pleasure State during the 12 months ended June 30, 2011, before acquiring its rival on Aug. 12, according to the financial report lodged with the Australian Companies Register. The full price p...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Opinion
Putin's war is a challenge to global corporate conscience
David Brain | Sat, 28 May 2022

Global businesses with strong retail brands appear the most likely to stop doing business in Russia altogether, but there are holdouts.

On the Money
ON THE MONEY: Greg Foran, Straker and Ryman Healthcare
Victoria Young | Sat, 28 May 2022

OTM this week: The PM’s US tour, Grant Robertson’s golden rules, Greg Foran and more.

Politics
Sydney firm to build NZ Police’s arms information system
Ava Bradley | Fri, 27 May 2022

The company’s software will provide a secure digital database of all firearms transactions and legally owned firearms in NZ and is estimated to bring in $13 million for the ASX-listed company.

Partner content
Small business lessons for attracting and retaining staff

Employers battling through the ‘Great Resignation’ are now faced with the ‘Great Brain Drain’.

Partner content
People leaders are key to wellbeing but still need help

One in three people say they have experienced an issue with an unsupportive manager