Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Bendon and Pleasure State merge intimate businesses

Media release
Tuesday, 24 August 2011

Bendon and Pleasure State merge intimate businesses in global push

International lingerie company Bendon has today announced the merger of the iconic New Zealand business with Australia’s Pleasure State business.

This adds to Bendon’s already substantial global sales platform and will see a palette of brands on offer to customers around the world.

The merger and the strategic direction of now a wider range of brands will be led by Bendon’s Chief Executive Officer, Justin Davis-Rice and supported by recently appointed former Myer Executive Chairman, Bill Wavish as Non-executive Chairman.

“Bendon is an iconic New Zealand company with a proud heritage which has firmly established itself in Australia. I look forward to being part of the next phase of growth,” says Mr Wavish.

Cullen Investments Executive Chairman Eric Watson says completing the merger and having Mr Wavish join the board are very positive steps for Bendon.

“I am thrilled Bill has agreed to join the board, Bill’s extensive corporate and retail experience will be invaluable in the next phase of Bendon’s growth,” he says.

Cullen Investments will maintain a significant beneficial interest in Bendon.

Mr Watson says the company is in very experienced local hands with Davis-Rice and Wavish, giving him confidence to step away from an active role in the company and allowing him more focus on his northern hemisphere investments.

Mr Davis-Rice says today’s announcement is part of an aggressive growth strategy for the global lingerie company.

“Bendon’s size and scale makes the company a dominant force in the Australasian intimate apparel industry.

We believe the intimate apparel and swimwear market is ripe for consolidation and we intend to capitalise on this opportunity,” he says.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Maritime Union: Deepening Supply Chain Crisis Requires Action

Maritime Union of New Zealand National Secretary Craig Harrison says the global COVID-19 pandemic exposed pre-existing weaknesses in our logistics sector, and created enormous problems... More>>

Air New Zealand: Employees Recognised With $1,000 Share Award

The efforts Air New Zealand employees made during one of the airline’s toughest years will be recognised via an award of $1,000 worth of company shares to all permanent employees... More>>

Consumer NZ: Bank Complaints On The Rise, Survey Shows

Nearly one in five Kiwis had a problem with their bank in the past year, Consumer NZ’s latest satisfaction survey finds. Consumer NZ chief executive Jon Duffy said the number of bank customers reporting problems had jumped to 18%, up from 11% in 2020... More>>

Mercury: Enters Into Binding Agreements To Acquire Trustpower’s Retail Business

Mercury NZ Limited (Mercury) has announced that it has entered into binding agreements with Trustpower Limited (Trustpower, NZX:TPW) to acquire Trustpower’s retail business for NZ$441 million... More>>


ASB: New Zealanders Missing Out On Hundreds Of Millions In KiwiSaver Government Contributions

New Zealanders have just over a week to ensure they’re eligible for the maximum annual government KiwiSaver contribution... More>>

Stats NZ: GDP Climbs 1.6 Percent In March 2021 Quarter Following December Dip

Gross domestic product (GDP) rose by 1.6 percent in the March 2021 quarter, following a 1.0 percent fall in the December 2020 quarter, Stats NZ said today. "After an easing of economic activity in the December quarter, we’ve seen broad-based growth in the first quarter of 2021... More>>