Australian-owned company Charles Parsons is expected to announce it has bought the Line 7 brand, The New Zealand Herald reported.
Interest in sports and casual wear label Line 7 was reportedly strong with receivers KordaMentha issuing 57 information memorandums to potential buyers.
Charles Parsons is a fabrics, textiles and homewares company that operates in Australia, this country, China, Hong Kong, Singapore and Fiji.
