Bendon posts wider loss despite better sales as Naked merger nears

Mon, 26 Jun 2017

By Rebecca Howard June 26 (BusinessDesk) - Underwear maker Bendon, owned by NBR Rich Lister Eric Watson, has disclosed mounting losses related to tax adjustments as a proposed merger with Nasdaq-listed Naked Brand Group draws nearer. Bendon had previously disclosed 2016 sales of about US$100 million in documents relating to the tie-up with the unprofitable Naked Brand. However, Naked Brand's first-quarter report included more detailed information about the New Zealand firm's earnings, showing Bendon’s net sales rose 8.7 percent to US$105...

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