Naked Brand Group Inc. (NASDAQ:NAKD) (“Naked”), an innovative
fashion and lifestyle brand, today announced that Edward Hanson has
officially joined Naked’s Board of Directors. Mr. Hanson’s
appointment was effective on January 17, 2017 and was made pursuant
to the Company’s Letter of Intent for the proposed business
combination with Bendon Limited. The appointment of Mr. Hanson, who
will serve as an independent director of Naked, brings the
company’s Board membership to nine.
Mr. Hanson has served as Principal at Global Partners Fund, a
private equity fund investing in asset backed businesses, since
2009. Prior to this, he was Director at Babcock & Brown (UK)
Ltd, focused on Private Equity and real estate. Mr. Hanson
currently serves on the Board of Directors of Nasdaq-listed Long
Island Iced Tea Corp., and is also currently a Director of
London-based investment companies Corviglia Capital Limited and
Haka Capital Limited. Previously, he was a member of Cullen
Agricultural Holding Corp. Mr. Hanson holds a Bachelor of Commerce
from the University of Auckland in New Zealand.
Carole Hochman, Naked’s Chief Executive Officer and Chairwoman,
stated, “We are pleased to welcome Ed to our Board and look forward
to his insights as we work to accelerate our growth in the
innerwear fashion and lifestyle market. We believe his knowledge
and experience will be especially valuable as Naked continues to
execute its strategic plan.”
About Naked Brand Group Inc.:
Naked was founded on one basic desire--to create a new standard
for how products worn close to the skin fit, feel, and function.
Naked's women's and men's collections are available at
www.wearnaked.com, and Naked has a growing retail footprint for its
innovative and luxurious innerwear products in some of the leading
online and department stores in North America including Nordstrom,
Bloomingdale's, Dillard's, Soma, Saks Fifth Avenue, Amazon.com,
BareNecessities.com, and more. In 2014, renowned designer and
sleepwear pioneer Carole Hochman joined Naked as Chief Executive
Officer, Chief Creative Officer, and Chairwoman with the goal of
growing Naked into a global lifestyle brand. In June 2015, Naked
announced a strategic partnership with NBA Miami HEAT (now Chicago
Bulls) star Dwyane Wade. The 3-time NBA Champion, 11-time All Star,
and Olympic Gold Medalist joined Naked's Advisory Board, and is the
Creative Director for a signature collection of men's innerwear
which launched in 2016. Naked is headquartered in New York City and
plans to expand in the future into other apparel and product
categories that can exemplify the mission of the brand, such as
activewear, swimwear, sportswear and more.
http://www.nakedbrands.com/
About Bendon Limited:
Bendon is a global leader in intimate apparel and swimwear
renowned for its best in category innovation in design, and
technology and unwavering commitment to premium quality products
throughout its 70-year history. Bendon has a portfolio of 10 highly
productive brands, including owned brands Bendon, Bendon Man,
Davenport, Evollove, Fayreform, Hickory, Lovable (in Australia and
New Zealand) and Pleasure State, as well as licensed brands Heidi
Klum Intimates and Swimwear and Stella McCartney Lingerie and
Swimwear.
In October 2014 Bendon announced supermodel and television host
Heidi Klum as the Creative Director and face of Bendon's flagship
Intimates collection, succeeding Elle Macpherson after 25 years
with the brand. Bendon products are distributed through over 4,000
doors across 34 countries as well as through a growing network of
60 company-owned Bendon retail and outlet stores in Australia, New
Zealand and Ireland. Bendon’s global supply chain is one of its
strongest assets, controlling sourcing, manufacturing and
production at over 30 partner facilities across Asia. The company
has more than 700 staff at offices and stores in Auckland, Sydney,
New York, London and Hong Kong and is poised for continued
meaningful growth as it opens additional retail stores and expands
its current portfolio of products. http://www.bendongroup.com/
Additional Information and Where to Find It:
This communication does not constitute the solicitation of any
vote or approval. On January 18, 2017, Naked announced that it had
entered into a letter of intent (“LOI”) with Bendon for a proposed
business combination of the companies (the “Business Combination”).
The proposed Business Combination will be submitted to the
stockholders of Naked for their consideration. In connection
therewith, Naked intends to file relevant materials with the
Securities and Exchange Commission (the “SEC”), including a
definitive proxy statement. Such documents are not currently
available. Before making any voting or investment decision with
respect, investors and security holders of Naked are urged to read
the definitive proxy statement and the other relevant materials
filed or to be filed with the SEC carefully and in their entirety
when they become available because they will contain important
information about Naked, Bendon and the proposed Business
Combination. The definitive proxy statement and other relevant
materials (when they become available), and any other documents
filed by Naked with the SEC, may be obtained free of charge at the
SEC web site at www.sec.gov. In addition, investors and security
holders of Naked may obtain free copies of the documents filed with
the SEC by Naked by directing a written request to: Naked Brand
Group Inc., 95 Madison Avenue, 10th Floor, New York, New York
10016, Attention: Investor Relations.
This communication shall not constitute an offer to sell or the
solicitation of an offer to sell or the solicitation of an offer to
buy any securities, nor shall there be any sale of securities in
any jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.
Participants in the Solicitation:
Naked and its directors, executive officers and certain other
members of management and employees may be deemed to be
participants in the solicitation of proxies from the stockholders
of Naked in connection with the proposed Business Combination.
Information regarding the participants in the proxy solicitation of
the stockholders of Naked and a description of their direct and
indirect interests, by security holdings or otherwise, will be
contained in the definitive proxy statement regarding the proposed
Business Combination and other relevant materials to be filed with
the SEC by Naked when they become available. Additional information
regarding the directors and executive officers of Naked is also
included in Naked’s Annual Report on Form 10-K for the year ended
January 31, 2016 and the proxy statement for Naked’s 2016 Annual
Meeting of Stockholders. These documents are available free of
charge at the SEC’s web site (www.sec.gov) and from Investor
Relations at Naked at the address described above.
Forward-Looking Statements:
Certain statements either contained in or incorporated by
reference into this press release, other than purely historical
information, including estimates, projections and statements
relating to Naked’s business plans, objectives and expected
operating results, and the assumptions upon which those statements
are based, are “forward-looking statements” within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. All
statements, other than statements of historical facts, included in
or incorporated by reference into this press release regarding
strategy, future operations, future transactions, future financial
position, future revenue, projected expenses, prospects, plans and
objectives of management are forward-looking statements. Examples
of such statements include, but are not limited to, statements
relating to Naked’s anticipated growth and development; the
structure, timing and completion of the proposed Business
Combination; Naked’s continued listing on the NASDAQ Capital Market
until closing of the proposed Business Combination; the combined
company’s listing on the NASDAQ Capital Market after closing of the
proposed Business Combination; expectations regarding the
capitalization, resources and ownership structure of the combined
company; the adequacy of the combined company’s capital to support
its future operations; Naked’s and Bendon’s plans, objectives,
expectations and intentions; the nature, strategy and focus of the
combined company; the executive and board structure of the combined
company; and expectations regarding voting by Naked’s stockholders.
Naked and/or Bendon may not actually achieve the plans, carry out
the intentions or meet the expectations disclosed in the
forward-looking statements and you should not place undue reliance
on these forward-looking statements. Such statements are based on
management’s current expectations and involve risks and
uncertainties. Actual results and performance could differ
materially from those projected in the forward-looking statements
as a result of many factors, including, without limitation, risks
and uncertainties associated with stockholder approval of and the
ability to consummate the proposed Business Combination through the
process being conducted by Naked and Bendon, the ability of Naked
to enter into a definitive agreement and consummate such
transaction, the ability to project future cash utilization and
reserves needed for contingent future liabilities and business
operations, the availability of sufficient resources of the
combined company to meet its business objectives and operational
requirements, the ability to realize the expected synergies or
savings from the proposed Business Combination in the amounts or in
the timeframe anticipated, the risk that competing offers or
acquisition proposals will be made, the ability to integrate
Naked’s and Bendon’s businesses in a timely and cost-efficient
manner, the inherent uncertainty associated with financial
projections, and the potential impact of the announcement or
closing of the proposed Business Combination on customer, supplier,
employee and other relationships. Naked disclaims any intent or
obligation to update these forward-looking statements to reflect
events or circumstances that exist after the date on which they
were made.
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version on businesswire.com: http://www.businesswire.com/news/home/20170215005363/en/
Media:Naked Brand GroupICRAlecia Pulman/Brittany
Fraser, ICR203-682-8200NakedBrandsPR@icrinc.comorInvestor
Relations:ICRJean Fontana/Megan Crudele,
ICR646-277-1200Jean.fontana@icrinc.com
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