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News Jun 11, 2014

Shearman & Sterling Advises Carole Hochman as New CEO of Naked Brand Group

Shearman & Sterling is advising Carole Hochman in connection with her appointment as the new Board Chair, Chief Creative Officer and Chief Executive Officer of Naked Brand Group, Inc., a global lifestyle brand, and in a private placement for Naked.

Carole Hochman is a renowned designer and sleepwear pioneer. She is considered one of the most influential women in the intimate apparel and sleepwear business in the United States. For over 30 years, Hochman has been creating intimate apparel and was the driving force behind the Carole Hochman Design Group, for which she served as Chief Creative Officer until her departure in 2013 and for which she previously served as CEO until its acquisition by Komar in 2010. Under Hochman's leadership, the Carole Hochman Design Group manufactured Carole Hochman brand of sleepwear, loungewear and daywear, and numerous sleepwear collections including Christian Dior, Oscar de la Renta, Ralph Lauren, Jockey, Donna Karan, Tommy Bahama and Betsey Johnson.

Naked is a global lifestyle brand currently offering one of the world's most comfortable and luxurious lines of innerwear and loungewear. The brand's goal is to create a new standard for how apparel products worn close to skin fit, feel and function. Naked apparel for men is currently sold at a premium fashion stores in North America, including Holt Renfrew, Hudson Bay Company and Nordstrom, as well as online stores such as Amazon.com, Hisroom.com and Freshpair.com.

The Shearman & Sterling team includes partner Doreen Lilienfeld (New York-Compensation, Governance & ERISA). Other lawyers involved in the transaction include associates Nader Dabbo (New York-Intellectual Property Transactions), Michael Jokic (New York-Intellectual Property Transactions) and Tasha Matharu (New York-Compensation, Governance & ERISA).