Approved · Notification · Phase 1 · decided in 29 days, 1 Oct 2026
BBFIT Investments Pte Ltd, an investor with apparel retailers Best & Less and Léays, proposes a share sale acquisition of HBI Holdings Australasia Pty Ltd. The target, Hanes Australasia, manufactures, wholesales, and retails apparel and homeware, including Bonds, Bras N Things, and Berlei.
BBFIT Investments Pte Ltd ( BBFIT ) proposes to acquire the entire issued share capital of HBI Holdings Australasia Pty Ltd ( Hanes Australasia ) (the Acquisition ). BBFIT is a private limited company incorporated in Singapore. The company's principal activities include investing and fund management, and its investment portfolio spans the consumer retail, property and technology sectors. BBFIT's controlled portfolio companies include Best & Less and Léays. Best & Less is a value apparel retailer which supplies clothing for men, women and children, baby clothing, sleepwear, underwear, hosiery, fashion accessories, and lifestyle products. Léays supplies lingerie, bras, underwear, shapewear and sleepwear. Hanes Australasia is the Australian parent entity of the Hanes Australasia group companies, the principal activity of which is the manufacturing, wholesaling, and retailing of consumer products in apparel and homeware markets. Hanes Australasia's brands include Bonds, Bras N Things and Berlei. Bonds supplies men's, women's, and children's clothing, underwear, bras, socks, hosiery, babywear and outerwear. Bras N Things supplies bras, underwear/lingerie, sleepwear, shapewear and swimwear. Berlei supplies bras, hosiery, underwear, shapewear, camisoles and singlets.