Pacific Brands
 |
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| Subsidiary | |
| Founded | 1893 (1985 as "Pacific Brands"), listed on ASX and NSX in 2004 |
| Headquarters | Camberwell, Melbourne, Australia |
|
Key people
|
Peter Bush (Chairman) David Bortolussi (CEO & Group General Manager - Underwear Group) David Muscat (CFO) Paul Gould (Group General Manager - Sheridan) Ian Shannon (Group General Manager - Tontine & Dunlop Flooring) |
| Revenue |
 A$789.7 million (2015) |
 A$64.2 million (2015) |
|
| Owner | HanesBrands |
|
Number of employees
|
3500 |
| Subsidiaries | Key brands include Bonds, Sheridan, Berlei, Jockey, Explorer, Tontine and Dunlop Flooring |
| Website | pacificbrands |
Pacific Brands is an Australian consumer products company.
On Tuesday 28 June 2016, the company suspended trading on the ASX in order to be acquired by Hanesbrands. Corporate changes/details were to be announced thereafter.
The company is organised into three operating groups:
The company's origins go back to 1893, when Ireland's Dunlop Pneumatic Tyre Company opened a branch office and factory in Melbourne. The branch was sold in 1899 and became a separate company, Dunlop Pneumatic Tyre Company of Australasia Ltd, independent of the original Dunlop company. After several name changes, the Australian company became Pacific Dunlop.
Pacific Brands was formed as a division of the Australian company Pacific Dunlop in 1985. In 2001, Pacific Dunlop sold the division to CVC Asia Pacific and Catalyst Investment Managers, who in 2004 floated the company on the . The company's stock forms part of the ASX 200 .
As a founding Australian member in 2008 of the Ethical Trading Initiative (ETI), which is an independent and internationally recognised code of labour practice, founded on the conventions of the International Labour Organisation, annually discloses its ethical sourcing program to the ETI, including continuous improvement initiatives.
ETI members must adopt their principles of implementation, which set out the approach to ethical trade, including the requirements for companies to demonstrate a clear commitment to integrate ethical trade into their core business practices; to drive ongoing improvements to worker welfare and working conditions, for example through advice and training; and report openly and accurately about their activities.
Since joining the ETI in 2008, Pacific Brands has demonstrated leadership and yearly improvements which has seen its membership status upgraded from Beginner in 2008, to Improver in 2010 and to Achiever in 2011.
Pacific Brands is also a signatory to the Bangladesh Accord and is committed to driving safe working conditions in the country, notwithstanding that the Company does not currently source from Bangladesh.
Pacific Brands have been criticized by union groups for their decision to move manufacturing overseas. In 2009, the board of Pacific Brands announced the redundancy of 1,850 employees, as part of a plan to move manufacturing operations to China. Union groups protested against the decision.
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Wikipedia