Pacific Brands is holding talks with KKR after this buyout company made an unsolicited bid to buy the Australian company. Pacific Brands has the rights to the Everlast, Clarks and Bonds brands in Australia, and has been struggling of late, with sales down by 7.3 percent to US$1.65 billion in the last fiscal year. It has been hurt by high cotton prices, which aren't expected to ease up this year. Pacific Brands noted that there is no certainty that the talks with KKR will result in a sale.

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