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Bonds (clothing)
Australian clothing company
Australian clothing company
| Field | Value | ||
|---|---|---|---|
| name | Pacific Brands Underwear Group | ||
| logo | [[Image:BondsAustraliaBrand.svg | 200px | The Bonds Industries logo]] |
| type | Subsidiary | ||
| foundation | Sydney () | ||
| founder | George Alan Bond | ||
| location_city | 115 Cotham Rd, Kew, Melbourne | ||
| location_country | Australia | ||
| industry | Clothing | ||
| products | Underwear | ||
| parent | Hanesbrands | ||
| homepage | www.bonds.com.au |
Socks
Sleepwear Light casual apparel Pacific Brands Underwear Group, known under its core brand Bonds, was an Australian manufacturer and is now a subsidiary of Hanesbrands. It is an importer of men's, women's and children's underwear, socks and other clothing. The head office is located at 115 Cotham Rd in Kew, Melbourne. They sell a range of clothing including underwear and sleepwear.
History
In 1923 Bond's company established a cotton-spinning mill at Wentworthville in western Sydney, with imported machinery costing 150 thousand pounds. The mill commenced operations in October 1923. This particular section of Wentworthville was soon renamed Pendle Hill in honour of his Scottish family origins. To facilitate easy access to Bond's Spinning Mills for employees, a railway station and eventually a whole new suburb were created.
The company went into liquidation in December 1927 and a public company, Bonds Industries Limited, was established. In 1970 the company merged with Coats Paton Pty Ltd. In 1987 the company was taken over by Pacific Dunlop, and it was then sold in 2001 to form a separate entity, Pacific Brands Holdings Pty Ltd. At that time also the spinning mill was closed. In 2004 Pacific Brands Limited was listed as a public company on the Australian Stock Exchange (ASX) and the New Zealand Exchange (NZX).
In 2006, Bonds manufactured 40% of its goods in Australia at three sites in New South Wales: Cessnock, Unanderra and Wentworthville.
Pacific Brands cut 1850 jobs and ceased manufacturing in Australia by September 2010 to reduce manufacturing costs. After public outrage and media coverage of the sacked staff, a group of former employees banded together to form Tuffys & Tuffetts underwear, buying much of Bonds' old equipment and rehiring sacked staff.
On 28 April 2016 Pacific Brands entered into an agreement with Hanesbrands for the acquisition of 100% of the company and it became a wholly owned subsidiary of Hanesbrands on 15 July 2016.
References
References
- Kaye, Byron. (2016-04-27). "Australia's top underwear brand back in U.S. hands after $836 million buyout". Reuters.
- "Bonds UK - About us". Bonds UK.
- [https://trove.nla.gov.au/newspaper/article/159916554 Industrial Section], ''Daily Commercial News and Shipping List'' (Sydney), 24 October 1923, page 18.
- [https://trove.nla.gov.au/newspaper/article/85873471 Cotton Spinning Mill!: Bond's Enterprise], ''Windsor and Richmond Gazette'', 9 November 1923, page 6.
- Sharp, Ari. (2009-02-25). "Pacific Brands Exit Australia". Sydney Morning Herald.
- (2013-09-23). "Bonds Staff resurrect Australian manufacturing". Daily Telegraph.
- (28 April 2016). "Pacific Brands Board unanimously recommends acquisition proposal from Hanes Brands". Company Announcement.
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