Gazal Corporation Limited (Gazal) is a leading Australian branded apparel company and is a listed public company of the Australian Stock Exchange

Australian Stock Exchange

The Australian Securities Exchange was created by the merger of the Australian Stock Exchange and the Sydney Futures Exchange in July 2006. It is the primary stock exchange group in Australia....

. The company is based in Banksmeadow in the Australian state of New South Wales

New South Wales

New South Wales is a state of :Australia, located in the east of the country. It is bordered by Queensland, Victoria and South Australia to the north, south and west respectively. To the east, the state is bordered by the Tasman Sea, which forms part of the Pacific Ocean. New South Wales...

. Its main business areas are men's, ladies' and children's clothing, and it and its subsidiaries are engaged in the design, manufacture, importation, wholesale and retail of branded apparel and accessories including business shirts, school wear, surf and casual wear, as well as intimate apparel. The company owns brands such as Mambo, Davenport and Bisley Workware and imports brands such as Nautica, Calvin Klein

Calvin Klein

Calvin Richard Klein is an American fashion designer who launched the company that would later become Calvin Klein Inc. in 1968. In addition to clothing, Klein has also given his name to a range of perfumes, watches, and jewelry....

 Underwear and holds the license for Oroton

Oroton

Oroton is an Australian luxury fashion accessories company known for its leather handbags. Oroton is owned by the OrotonGroup which is listed on the Australian Stock Exchange and has held the license for the Polo Ralph Lauren in Australia and New Zealand for 2 decades. .-History:Oroton was...

 underwear. The Company has operations in Australasia and Europe.http://finance.google.com/finance?q=ASX:GZL

Profile

The Gazal Group of Companies was founded in 1958 by Joe Gazal and was listed on the ASX in 1973.

In 1993, the company closed a number of its loss-making divisions, which were selling non-branded products, and decided to focus on the sale of branded products. This changed the company from a supplier of "house-brands" to a supplier of recognised national brands.

Another change of approach for the company group was primarily towards the ownership of the brands that it manufactures, markets and distributes. This is a departure from its previous policy of seeking licensing arrangements. The intention is to secured a longer term tenure and greater flexibility for brand development.

The group distributes its products through major retailers such as David Jones

David Jones Limited

David Jones Limited , colloquially known as DJs, is a high-end Australian department store chain.David Jones was founded in 1838 by David Jones, a Welsh immigrant, and is claimed to be the oldest continuously operating department store in the world still trading under its original name. It...

 and Myer

Myer

Myer is Australia's largest department store chain, retailing a broad range of merchandise including women's, men's and children's clothing, footwear and accessories; cosmetics and fragrance; homewares; electrical; furniture and bedding; toys; books and stationery; food and confectionery; and...

 as well as through a range of independent retail outlets. It competes with various clothing manufacturers and distributors for the different demographics that the group targets.

History

• 1958 - The Gazal Group of Companies was founded in Sydney, as manufacturer of men's shirts and pyjamas.
• 1973 - The company was listed on the Australian Stock Exchange.
• 1993 - The company rationalised its unbranded business and made its national brands the main focus of the Company.
• 1994 - The company reached an agreement with joint venture partners in Hong Kong and China to manufacture and market the Arrow brand men's shirt in China.
• 1996 - The company acquired the Lovable brand in Australia, New Zealand and Papua New Guinea.
• 1997 - The company acquired a 25% stake in Gross Industries Pty Limited.
• 1998 - The company secured a licence agreement to sell Nautica men's lifestyle collection brand in Australia and New Zealand.
• 2003 - The company acquired the Davenport Underwear Group. As part of the deal, the company also acquired Body Art Australia Pty Limited, which had the Australasian distribution rights for Calvin Klein underwear.http://jobs.careerone.com.au/texis/company?compid=4706011342a60
• 2005 - The company acquired the Bracks Apparel Group, which is the long-established market leader in men’s pants and trousers in Australasia, famous for its renowned “Bracks slacks”. The acquisition included Bracks’ Australian business, as well as Bracks’ growing New Zealand business located in Auckland. The acquisition took the Company into additional product categories of men’s casual and formal trousers and men’s suits.
• 2008 - The company sold its remaining interest in the Mambo brand and its related Australian wholesale and retail businesses.https://www.businessspectator.com.au/bs.nsf/Article/Gazal-Corp-sells-Mambos-non-EU-assets-BB85A?OpenDocument The sale was reported to have been for about $10 million, compared to the $20 million paid in March 2000. The sale included eight stores plus wholesale distribution rights to surf stores and David Jones in Australia and overseas — except for Europe, where the licence is held by British company The Outdoor Group.http://www.topstocks.com.au/stock_discussion_forum.php?action=show_thread&threadid=197234
• 2011 - The company sold its Brands United retail stores to Pacific Brands.

Products

Gazal Corporation operates predominantly in the clothing industry, and divides its operation into 2 divisions:

• Wholesale Group - Brands include Van Heusen, Bisley, Midford, Bracks, Paramount & Pierre Cardin.
• Retail Group - Brands include Trade Secret, Calvin Klein Underwear & Midford School Stores. In 2011, the group had 46 stores.