Replies to post #916 on Naked Brand Group, Inc. (NAKD)

[Penny Monster 01]

Expect update soon re: selling a brand from portfolio...

SYDNEY / ACCESSWIRE / June 27, 2019 / Naked Brand Group Limited (NASDAQ: NAKD) ("Naked" or the "Company"), a global leader in intimate apparel and swimwear, announced today that it is exploring the option to strategically divest one or more of the brands in its portfolio as part of its strategic new direction.

Current brands in the Company's portfolio include Naked, Bendon, Bendon Man, Davenport, Fayreform, Hickory, Lovable, Pleasure State, Frederick's of Hollywood, Heidi Klum Intimates, Heidi Klum Man and Heidi Klum Swim.

"Select brands within our portfolio, such as Fayreform & Pleasure State, have proven to be incredibly successful brands and are household names in select global markets," said Anna Johnson, Chief Executive Officer of Naked Brand Group Limited. "As an inevitable result of this success, we have had numerous inquiries about potentially purchasing a brand in our portfolio, inclusive of these brands.

"As a management team, we will consider offers made for select brands within our portfolio where we feel there is the opportunity to fortify our balance sheet, drive strategic growth initiatives and create value for our shareholders over the long-term. I look forward to providing updates on this front as appropriate," concluded Johnson

[salubris]

I hope you're right! What are you basing this prediction on? Thanks!

[The Wedgie]

And how many stocks have you had do that exactly? lol