Naked Brand Group on Thursday announced it has entered into an agreement to acquire an undisclosed leading U.S. online retailer for $42.5 million, in a bid to bolster the Sydney firm's global e-commerce division.
The lingerie group reported on Tuesday that it has entered into a non-binding term sheet to receive a $25 million investment from the owner of La Perla, as the potential partners consider possible operating synergies.
The cruelty-free makeup brand has announced the demise of its iconic eyeshadow palette, which has sold more than 30 million units globally since its creation in 2010. The reason for the palette's passing is unknown.
Naked Brand Group Limited and CVS Health have formed a partnership that will launch Heidi Klum Intimates Solutions in 4,000 CVS locations across the US, making it the single largest retail footprint for Naked.
Fashion and lifestyle brand Naked Brand Group announced today it has completed its merger with intimates company Bendon Limited. The companies will operate as subsidiaries of Naked Brand Group Limited, or "Holdco."