Bras N Things

Largest asset sale to date

Bras N Things (BNT) was created in 1986 with BBRC’s purchase of a three-store franchise called the Bra Shop, and has grown into a leading specialty retailer of intimate apparel with 170 stores across Australia, New Zealand and South Africa. BNT also has a fast growing e-commerce platform.

BBRC completed the sale of BNT to HanesBrands Inc. (NYSE: HBI) on February 12, 2018 for an EV of US$400m / 10x 2017 EBITDA. 50% of BNT was sold in 2008 and then repurchased in 2013, generating an IRR of 74% from the 2013 repurchase to the 2018 sale.

CompanyBras N ThingsYear