Noni B buys up clothing stock

Company News

Noni B Limited (ASX:NBL) says following its recent acquisition of the Queenspark and Events brands it has acquired the stock of 13 stores for an undisclosed sum. 
 
Noni B recently paid $675,000 for the Queenspark and Events brands from a subsidiary of BD Standard. 
 
Noni B planned to operate the brands online and license the retail stores to s subsidiary of BD Standard . Today the clothing retailer says it has licensed those stores on an interim basis while it assesses their future viability. 
 
Noni B made a net loss of $7.8 million for the 2014 financial year. 

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