Brett Blundy clears hurdle for $700M Hanes retail purchase

Full story: https://grafa.com/en/news/australia/brett-blundy-clears-hurdle-for-700m-hanes-retail-purchase

The Australian Competition and Consumer Commission approved Brett Blundy’s Singapore-based BBFIT Investments to purchase Bonds, Bras N Things, and Berlei from US giant Hanes.
The transaction value is set at $700 million, with a target completion date set for Christmas.
The acquisition aims to expand the retail portfolio of brands that also includes Sheridan and Playtex.

The Australian Competition and Consumer Commission announced that BBFIT Investments may proceed with the $700 million acquisition of three major apparel brands from Hanes.

The regulatory clearance was granted despite the buyer holding existing investments in discount chain Best & Less and lingerie label Léays.

The competition regulator stated that the acquisition is unlikely to substantially lessen competition in any Australian market despite wholesale and retail supply overlaps.

The transaction covers the purchase of Bonds, Bras N Things, and Berlei, alongside the Sheridan and Playtex brands.

Retail investor Brett Blundy is one of the country's prominent business figures with previous stakes in Lovisa (ASX:LOV) and City Chic Collective (ASX:CCX).

New rules introduced in January require businesses to notify certain acquisitions to the regulator and wait for formal approval before proceeding.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Less and lingerie label Léays.</p>\n<p style=\"text-align: start;\">The competition regulator stated that the acquisition is unlikely to substantially lessen competition in any Australian market despite wholesale and retail supply overlaps.</p>\n<p style=\"text-align: start;\">The transaction covers the purchase of Bonds, Bras N Things, and Berlei, alongside the Sheridan and Playtex brands.</p>\n<p style=\"text-align: start;\">Retail investor Brett Blundy is one of the country's prominent business figures with previous stakes in Lovisa (ASX:LOV) and City Chic Collective (ASX:CCX).</p>\n<p style=\"text-align: start;\">New rules introduced in January require businesses to notify certain acquisitions to the regulator and wait for formal approval before proceeding.</p></body></html>","htmlText":"<html><head></head><body><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/2026ad07e092109c54bea792793e3da1\" tg-width=\"1920\" tg-height=\"1080\"></p>\n<p>Full story: https://grafa.com/en/news/australia/brett-blundy-clears-hurdle-for-700m-hanes-retail-purchase</p>\n<ul>\n <li>\n  <p>The Australian Competition and Consumer Commission approved Brett Blundy’s Singapore-based BBFIT Investments to purchase Bonds, Bras N Things, and Berlei from US giant Hanes.</p></li>\n <li>\n  <p>The transaction value is set at $700 million, with a target completion date set for Christmas.</p></li>\n <li>\n  <p>The acquisition aims to expand the retail portfolio of brands that also includes Sheridan and Playtex.</p></li>\n</ul>\n<p style=\"text-align: start;\">The Australian Competition and Consumer Commission announced that BBFIT Investments may proceed with the $700 million acquisition of three major apparel brands from Hanes.</p>\n<p style=\"text-align: start;\">The regulatory clearance was granted despite the buyer holding existing investments in discount chain Best &amp; Less and lingerie label Léays.</p>\n<p style=\"text-align: start;\">The competition regulator stated that the acquisition is unlikely to substantially lessen competition in any Australian market despite wholesale and retail supply overlaps.</p>\n<p style=\"text-align: start;\">The transaction covers the purchase of Bonds, Bras N Things, and Berlei, alongside the Sheridan and Playtex brands.</p>\n<p style=\"text-align: start;\">Retail investor Brett Blundy is one of the country's prominent business figures with previous stakes in Lovisa (ASX:LOV) and City Chic Collective (ASX:CCX).</p>\n<p style=\"text-align: start;\">New rules introduced in January require businesses to notify certain acquisitions to the regulator and wait for formal approval before proceeding.</p></body></html>","text":"Full story: https://grafa.com/en/news/australia/brett-blundy-clears-hurdle-for-700m-hanes-retail-purchase The Australian Competition and Consumer Commission approved Brett Blundy’s Singapore-based BBFIT Investments to purchase Bonds, Bras N Things, and Berlei from US giant Hanes. The transaction value is set at $700 million, with a target completion date set for Christmas. The acquisition aims to expand the retail portfolio of brands that also includes Sheridan and Playtex. The Australian Competition and Consumer Commission announced that BBFIT Investments may proceed with the $700 million acquisition of three major apparel brands from Hanes. The regulatory clearance was granted despite the buyer holding existing investments in discount chain Best & Less and lingerie label Léays. The competition regulator stated that the acquisition is unlikely to substantially lessen competition in any Australian market despite wholesale and retail supply overlaps. The transaction covers the purchase of Bonds, Bras N Things, and Berlei, alongside the Sheridan and Playtex brands. Retail investor Brett Blundy is one of the country's prominent business figures with previous stakes in Lovisa (ASX:LOV) and City Chic Collective (ASX:CCX). 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