Bendon’s Naked ambition unravels

Paul McBeth
Fri, 23 Apr 2021

Bendon’s Naked ambition unravels
The Naked family in better times.
Paul McBeth
Fri, 23 Apr 2021
Local lingerie maker Bendon’s future hangs in the balance today – shareholders of its Nasdaq-listed parent Naked Brand either give it away in a sweetheart deal to their chairman Justin Davis-Rice, or they stump up millions to liquidate the knickers company.Davis-Rice and Bendon chief executive Anna Johnson have offered to buy the company for $1, and have the blessing of Naked’s independent directors who just want to be done with the thing.In theory, it seems like a good deal. Naked will shed the cash-burn of Bendon’...

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