Pacific Brands looks to sell shoe business

Socks and jocks maker Pacific Brands has confirmed it is in discussions to break up and sell its Brand Collective division, which owns Volley and Grosby shoes and holds licences for clothing brands Superdry and Mossimo.
"The company confirms that it is in discussions regarding a potential sale of its Brand Collective business," Pacific Brands said in a statement on Monday. "However, a transaction has not been agreed."  Sydney Morning Herald – Read more…