Pacific Brands Limited (ASX:PBG) says it is unlikely to accept a take-over offer in the near future.
The clothing and footwear manufacturer has been the target of takeover interest since the beginning of this year.
The company said in a statement it expects a weak outlook for its earnings and underlying sales due to weak retail conditions.
Pacific Brands owns Bonds, King Gee and Slazenger labels.
Earlier this year, Pacific Brands reported a half year loss because of restructuring costs of more than $13 million and writing down the value of its underwear business by $388.7 million.
Pacific Brands Limited (ASX:PBG) has reported a net loss of $362.2 million for the half-year ended 31 December.
