Johnson Winter & Slattery (JWS) and Hardings Lawyers have advised on the changing hands of underwear brands from an ASX-listed clothing corporation to a New Zealand-based company.
Gazal Corporation Limited underwear brands, including Davenport, Kissed By Lovable, Crystelle, Fineform and Jenifer Hawkins' Lovable, will now be owned by the lingerie companyBendon Limited.
The deal is the latest in a series of transactions since 2005 in which JWS has advised Gazal and follows the sale of Gazal's Mambo brand to Equity and Capital Finance Australia in 2008, as well as the sale of Gazal's Brands United outlet stores to Pacific Brands earlier this year.
JWS Partner Tim Bowley managed the sale of the underwear brands for Gazal in a deal that will see Lovable brand ambassador Jennifer Hawkins now provide her services to Bendon Limited.
Bendon was represented in the transaction by Michael Treeby of Hardings Lawyers.