Video will play in Play now Don't auto playNever auto playKiwi businessman Eric Watson has his eye on consumers, capital markets and acquisitions as Auckland-headquartered lingerie brand Bendon heads to the US stockmarket. Naked Brand Group had a closing share price on Thursday prior to the announcement of US$1.04 ($1.46), and a market capitalisation of US$6.3m. Victoria's Secret was the biggest player in the US market, Watson said, but the hundreds of other smaller players created an opportunity for further acquisitions. Watson's investment firm Cullen Investments bought Bendon in 2002 for $1.90 per share valuing the company at $58.7m. Bendon was founded in NZ in 1947 by former naval officer Ray Hurley and his brother Des, a pattern cutter.

Source: New Zealand Herald January 15, 2017 16:01 UTC