More hard yakka ahead for PacBrands

PacBrand’s annual result reveals the good and bad to John Pollaers’ growth strategy, and undeniable rationale to selling off workwear brands. Presumably there will be more portfolio changes ahead.

When John Pollaers quit as chief executive of Pacific Brands earlier this year the explanation given was that a divergence of views between him and the board had become apparent during a strategic review of the perennially challenged business by Macquarie Capital.

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