Naked Brand Group Inc. (NASDAQ:NAKD) Files An 8-K Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a RegistrantItem 2.03
On December 12, 2016, Naked Brand Group Inc. (the “Company”) received an advance of $116,000 from Carole Hochman, the Company’s Chief Executive Officer and Chairwoman. On December 14, 2016, Ms. Hochman advanced an additional $37,000. The Company intends to use the funds to purchase inventory. The terms of the advances are subject to the negotiation and execution of definitive documentation, which are expected to be on terms substantially similar to those contained in that certain non-convertible promissory note, dated November 7, 2017, which was previously disclosed in the Company’s Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on November 9, 2016.
About Naked Brand Group Inc. (NASDAQ:NAKD)
Naked Brand Group Inc. is an apparel and lifestyle brand company. The Company is focused on innerwear products for women and men. The Company designs, manufactures and sells men’s and women’s underwear, intimate apparel, loungewear and sleepwear under Naked brand name. The Company sells its products through retail partners and direct to consumer through its online retail store www.wearnaked.com. The Company offers a range of innerwear products for men, including boxer briefs, trunks, briefs, undershirts, t-shirts, lounge pants, lounge shorts and robes. Its primary men’s collections include Luxury, Active and Essential. Its women’s collections include a range of products, such as boyshorts, hipsters, lounge pants and tops, camisoles, tank tops, pajamas, chemises and sleepshirts. The Company also makes French Terry robes, as well as Double Gauze woven cotton sleepwear. Naked Brand Group Inc. (NASDAQ:NAKD) Recent Trading Information
Naked Brand Group Inc. (NASDAQ:NAKD) closed its last trading session down -0.13 at 1.00 with shares trading hands.
