Eric Watson’s problematic loan to cash-strapped Bendon parent

By Paul McBeth | Mon, 13 Jan 2020


Creditors circling Eric Watson may pose problems for the cash-strapped parent of lingerie maker Bendon, which owes the high-profile ex-pat businessman $2.7 million.                             The debt arose in 2018 in a complex arrangement involving Watson’s Cullen Group when Naked Brand Group bought the global online licence to sell Frederick’s of Hollywood lingerie from interests associated with Watson for $19.9 million in new shares and forgiven debt.Watson had just...