The confirmation from Pacific Brands that it has been approached by KKR raises the very real possibility that for the second time in less than a decade the consumer brands group could find itself in private equity hands.
Pacific Brands
120 more Pac Brands jobs to go … good for the shareholders
Some times you have to wonder about the thinking of company boards, and the way many in the media just lay down on the job and don’t get upset or astonished any more at some of the corporate greed and self-enriching going on.
Time to re-evaluate Chinese manufacturing? PacBrands fails to deliver
At first glance, Pacific Brands’ half-year profit announcement was disastrous. But the news was even worse: results showed the company’s highly contentious move to manufacture offshore has not delivered, says James Boston.
Rebel with a pause as private equity puts hit-and-run on hold
News that private equity has pulled another attempt to take the money and run from a poorly performing retailer again causes us to ask, just where is the added value from private equity?
Bernie Brookes: Myer still firing
Myer chief executive Bernie Brookes tells Business Spectator that he rejects the federal government’s changes to workplace law.
Morning Market Report: US Financials react positively to stress-tests
The US Financials were up 8.3% in response to the government’s bank stress-test results, but at home, the market was down 25.
Rafter takes pay cut, but stays loyal to Bonds
Rafter has signed up for another two years as the face — er, crotch — of Bonds undies, but says he’s taken a pay cut in solidarity with the 1850 workers sacked by Pacific Brands.
The risky business of private equity floats
The majority of private equity floats of recent years have been disastrous for shareholders, writes Adam Schwab.
It’s time to redefine success
After a century of badgering from pinkos and greenies, captains of industry are grudgingly starting to accept that profits are not everything, writes Peter Vogel.
Opportunists line up to destroy PacBrands
Just when we thought a little bit of sanity was returning to the executive pay debate and Pacific Brands, along comes Peter Costello, writes Stephen Mayne.
Teflon PacBrands chairman cops some overdue stick
Pacific Brands chairman James McKenzie is having a tough time trying to be the teflon man of Australian business, writes Glenn Dyer.
SackWatch: PacBrands … Lonely Planet … Blakes … ATO
Yesterday’s staggering announcement that manufacturing icon Pacific Brands will sack 1,850 workers could just be the tip of the iceberg, writes Andrew Crook.
