Gazal Corporation responds to media reports

Company News

by Anna Napoli

Gazal Corporation (ASX:GZL) has responded to Fairfax media reports about a potential take-private proposal by PVH Corp.

Gazal says it is in preliminary discussions with PVH around the potential privatization of Gazal.

The branded clothing company says discussions are in very early stages and may not result in a proposal.

PVH is a 50:50 partner in Gazal in the PVH Brands Australia joint venture (JV), and, is in regular discussions with PVH regarding the JV business.

Shares in Gazal Corporation (ASX:GZL) is up 3.81 per cent to $4.36.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.