0001493152-21-012133 | 20-F | XBRL Viewer

Other Foreign Currency (Gains)/Losses

6	Revenue

Revenue from continuing operations
	For the Year Ended 31 January 2021 NZ$000’s			For the Year Ended 31 January 2020 NZ$000’s			For the Year Ended 31 January 2019 NZ$000’s
Gross revenue		81,155			93,302			120,278
Rebates		(1,116	)		(3,237	)		(8,358	)
		80,039			90,065			111,920
Sale of goods by channel
- Retail		40,492			42,576			50,443
- Wholesale		7,496			15,553			29,394
- Online		32,051			31,936			32,083
		80,039			90,065			111,920
Sales of goods by geography
- New Zealand		34,131			33,786			40,703
- Australia		21,011			24,365			32,065
- United States		24,432			30,863			34,156
- Europe		465			1,051			4,996
		80,039			90,065			111,920

Disaggregation of revenue

The Group derives its revenue from the transfer of goods at a point in time. The table above provides a breakdown of revenue by major business line. The categories above depict how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic data. As disclosed in Note 13, the Group has three operating segments.

Loss for the Period

12 Months Ended

Jan. 31, 2021

Loss For Period

Loss for the Period

7	Loss for the Period

The loss for the period was derived after charging/(crediting):

	For the Year Ended 31 January 2021 NZ$000’s			For the Year Ended 31 January 2020 NZ$000’s			For the Year Ended 31 January 2019 NZ$000’s

Staff costs (see note 10)¹		30,175			28,009			31,380
Depreciation of property, plant and equipment (see note 18)		1,098			1,338			2,151
Depreciation of right-of-use assets (see note 19)		7,144			8,676			-
Amortisation of acquired intangibles (see note 20)²		458			589			231
Impairment of Plant and equipment (see note 18)		341			491			281
Impairment of right-of-use assets (see note 19)		1,221			-			-
Impairment of intangible assets (see note 20)		3,333			8,413			7,892
Loss on disposal of property, plant and equipment		134			322			232
Other income
- Proceeds from Government wage subsidies		(2,878	)		-			-
- Rent concessions received		(1,345	)		-			-
Brand transition, restructure and transaction expense
- Transaction expenses		3,009			9,597			9,267
- Agreed settlement of debt		5,701			-			-
- Contract termination costs		2,175			4,696			-
Operating lease rentals
- Land and buildings		-			-			9,236
- Other		-			-			524
Gain on sale of intangible assets		-			(906	)		-
Auditor’s remuneration (note 11)		743			679			1,050

¹Staff costs include an accrual of $11.6m for phantom warrants which has been recognised in the brand transition, restructure and transaction expense line in the consolidated statement of profit or loss and other comprehensive income

²Amortisation charges on the Group’s intangible assets are recognised in the administrative expenses line of the consolidated statement of profit or loss and other comprehensive income.

Finance Expense

12 Months Ended

Jan. 31, 2021

Finance Expense

Finance Expense

8	Finance expense

	For the Year Ended 31 January 2021 NZ$000’s			For the Year Ended 31 January 2020 NZ$000’s			For the Year Ended 31 January 2019 NZ$000’s
- Interest expense on external borrowings		1,256			1,608			2,338
- Interest expense on convertible loan notes		5,681			1,425			-
- Interest expense on leases (see note 19)		1,405			1,674			-
- Interest (income)/expense on shareholder loans*		-			(165	)		1,062
- Amortisation of loan set up costs		(128	)		671			641
		8,214			5,213			4,041

* In the prior year, the shareholder loan payable was derecognised resulting in a reversal of interest expense.

Other Foreign Currency (Gains)/Losses

12 Months Ended

Jan. 31, 2021

Other Foreign Currency Gainslosses

9	Other foreign currency (gains)/losses

	For the Year Ended 31 January 2021 NZ$000’s			For the Year Ended 31 January 2020 NZ$000’s			For the Year Ended 31 January 2019 NZ$000’s
- Fair value (gain)/loss on foreign exchange contracts		-			(729	)		1,065
- Net foreign exchange loss/(gain)		(3,642	)		114			(3,027	)
		(3,642	)		(615	)		(1,963	)

Staff Costs

12 Months Ended

Jan. 31, 2021

Staff Costs

Staff Costs

10	Staff costs

	For the Year Ended 31 January 2021 NZ$000’s		For the Year Ended 31 January 2020 NZ$000’s		For the Year Ended 31 January 2019 NZ$000’s
Employee benefits expense:
- Salaries and wages*		29,443		26,920		30,872
- Defined contribution expenses		732		1,089		508
		30,175		28,009		31,380

*Included in the current year’s $29.4m is an accrual for phantom warrants of $11.6m which has been recognised as a brand transition, restructure and transaction expense in the consolidated statement of profit or loss and other comprehensive income. The Group uses the Black Scholes option pricing model to determine the fair value of the phantom warrants which have an exercise price of US$0.37 which vests in three tranches being 21 January 2021, 21 July 2021 and 21 January 2022 equal to 1.50% of the outstanding shares of the Company on the vesting date. There are no conditions or restrictions to receiving the benefit of all the phantom warrants for the full bonus calculation period. Each tranche of phantom warrants may be exercised for cash at any time in the three year period following vesting date and as such is recognised as a liability.

Auditor's Remuneration

12 Months Ended

Jan. 31, 2021

Auditors Remuneration

Auditor Remuneration

11	Auditor’s Remuneration

	For the Year Ended 31 January 2021 NZ$000’s		For the Year Ended 31 January 2020 NZ$000’s		For the Year Ended 31 January 2019 NZ$000’s
Pricewaterhouse Coopers Australia
- Audit fees		-		-		477
- Taxation fees		-		-		33
- Other		-		10		403
Total remuneration to Pricewaterhouse Coopers Australia		-		10		913

Network firms of Pricewaterhouse Coopers Australia
- Taxation services		-		-		137

BDO Audit Pty Ltd
- Audit fees		593		403		-
- Other		150		266		-
Total remuneration to BDO Audit Pty Ltd		743		669		-
Total Auditor Remuneration		743		679		1,050

Fair Value Loss on Convertible Notes Derivative and Warrants

12 Months Ended

Jan. 31, 2021

Fair Value Loss On Convertible Notes Derivative And Warrants

Fair Value Loss on Convertible Notes Derivative and Warrants

12	Fair value loss on Convertible Notes derivative and warrants

For the Year Ended 31
January 2021
NZ$000’s

For the Year
Ended 31
January 2020
NZ$000’s

For the Year Ended 31
January 2019
NZ$000’s

Fair value loss on Convertible Notes and warrants

26,552

775

During the year ended 31 January 2021, the Group issued 3 convertible notes in February, April and July 2020 which contained embedded derivatives and warrants. IAS 32 requires the Group to measure the fair value of derivatives as at the inception date of the transaction and at each reporting period end until settled. The fair value of the embedded derivatives and warrants were determined using the Black-Scholes option pricing model. The charge in the year as a result of fair valuing the embedded derivatives was $26.6m.

Income Tax Expense/ (Benefit)

12 Months Ended

Jan. 31, 2021

Income taxes [Abstract]

Income Tax Expense/(Benefit)

13	Income Tax Expense/(benefit)

(a)

The major components of tax expense/(benefit) comprise:

	For the Year Ended 31 January 2021 NZ$000’s		For the Year Ended 31 January 2020 NZ$000’s		For the Year Ended 31 January 2019 NZ$000’s
Current tax
Current tax on profits for the period		27		28		(667	)
Adjustments for current tax of prior periods		107		53		(607	)
Total current tax expense/(benefit)		134		81		(1,274	)
Deferred tax expense
Decrease in deferred tax assets (note 31)		-		701		-
Income tax expense/(benefit) for continuing operations		134		782		(1,274	)

(b) Reconciliation of income tax to accounting profit:

Loss before income tax	(68,212	)	(53,523	)	(50,494	)
Tax at New Zealand tax rate of 28%	(19,099	)	(14,986	)	(14,138	)
Tax effect of:
- permanent differences (including impairment expense)	16,299		5,108		753
- adjustments in respect of current income tax of previous years	107		32		(522	)
- effects of different tax rates of subsidiaries operating in other jurisdictions	(1	)	(301	)	493
- deferred tax assets relating to the current year not brought to account	2,910		10,163		12,077
- deferred tax assets relating to prior periods no longer recognised (note 31)	-		701		-
- other	(12	)	65		63
Income tax expense/(benefit)	134		782		(1,274	)

For the Year
Ended 31
January 2021
NZ$000’s

For the Year

Ended 31

January 2020

NZ$000’s

For the Year

Ended 31

January 2019

NZ$000’s

Unused tax losses for which no deferred tax asset has been recognised

177,275

166,882

130,587

Potential tax benefit at 28%

49,637

46,727

36,564

The Group has assessed future forecast profits and concluded that not enough criteria have been satisfied to recognise any deferred tax assets at the period ended 31 January 2020. Unused tax losses do not have an expiry date. During the period, the Group de-recognised all deferred tax assets on timing differences carried forward from prior years, amounting to $701,000 after accounting for exchange rate differences.

(d) Temporary differences not recognised

For the Year Ended 31
January 2021
NZ$000’s

For the Year

Ended 31

January 2020

NZ$000’s

For the Year

Ended 31

January 2019

NZ$000’s

Temporary differences for which no deferred tax asset has been recognised

10,115

9,825

14,504

Potential tax benefit at 28%

2,832

2,751

4,061

Operating Segments

12 Months Ended

Jan. 31, 2021

Operating Segments

Operating Segments

14	Operating Segments

Segment information

Identification of reportable operating segments

The consolidated entities’ Director examined the group’s performance from both sales channel and geographical perspective and identified three reportable segments being Retail, Wholesale and e-commerce.

Retail

This segment covers retail and outlet stores located in Australia and New Zealand.

Wholesale

This segment covers wholesale intimates apparel to customers in New Zealand, Australia, Europe and USA.

E-commerce

This segment covers the group’s online retail activities. E-commerce revenue includes revenue from a US brand called Fredericks of Hollywood (FOH) for which the Group currently has a licence agreement.

These operating segments are based on the internal reports that are reviewed and used by the Chief Executive Officer (who is identified as the Chief Operating Decision Maker (‘CODM’)) in assessing performance and in determining the allocation of resources.

The CODM reviews segment EBITDA (earnings before interest, tax, depreciation and amortisation). The accounting policies adopted for internal reporting to the CODM are consistent with those adopted in the financial statements.

EBITDA is a financial measure which is not prescribed by IFRS and represents the profit adjusted for specific non-cash and significant items. The directors consider EBITDA to reflect the core earnings of the consolidated entity.

The information reported to the CODM is on a monthly basis.

Other Costs and Business Activities

Certain costs are not allocated to our reporting segment results, such as costs associated with the following:

- Corporate overheads, which is responsible for centralized functions such as information technology, facilities, legal, finance, human resources, business development, and procurement. These costs also include compensation costs and other miscellaneous operating expenses not charged to our operating segments, as well as interest and tax income and expense.

These costs are included with in “unallocated” segment in our segment performance.

Other assets and liabilities

Assets and liabilities are managed on a Group basis, not by segment. CODM does not regularly review any asset or liability information by segment and its preparation is impracticable. Accordingly, we do not report asset and liability information by segment.

(a)

Reconciliations

Reconciliation of segment revenue to consolidated statements of profit or loss and other comprehensive income:

	For the Year Ended 31 January 2021 NZ$000’s			For the Year Ended 31 January 2020 NZ$000’s			For the Year Ended 31 January 2019 NZ$000’s
Total segment revenue		89,590			104,153			136,842
Intersegment eliminations		(9,551	)		(14,088	)		(24,922	)
Total revenue		80,039			90,065			111,920

Reconciliation of segment EBITDA to the consolidated statements of profit or loss and other comprehensive income:

The Board meets on a monthly basis to assess the performance of each segment, net operating profit does not include non-operating revenue and expenses such as dividends, fair value gains and losses.

	For the Year Ended 31 January 2021 NZ$000’s			For the Year Ended 31 January 2020 NZ$000’s			For the Year Ended 31 January 2019 NZ$000’s
Segment EBITDA		690			(16,167	)		(25,602	)
Any other reconciling items		(68,902	)		(37,356	)		(24,892	)
Income tax (expense)/benefit		(134	)		(782	)		1,274
Total net loss after tax		(68,346	)		(54,305	)		(49,220	)

Any other reconciling items includes brand transition, finance expenses, impairment expense, depreciation and amortisation, fair value gain/loss on foreign exchange contracts, and unrealised foreign exchange gain/loss that cannot be allocated to segments.

(b)

Geographical information

In presenting information on the basis of geographical segments, segment revenue is based on the geographical location of customers whereas segment assets are based on the location of the assets.

	For the Year Ended 31 January 2021 NZ$000’s		For the Year Ended 31 January 2020 NZ$000’s		For the Year Ended 31 January 2019 NZ$000’s
New Zealand		34,131		33,786		40,703
Australia		21,011		24,365		32,065
United States		24,432		30,863		34,156
Europe		465		1,051		4,996
		80,039		90,065		111,920

The revenues resulting from the Naked business combination in the June 2018 are included in the United States segment shown above.

(c)

Segment performance

	Retail NZ$000’s			Wholesale NZ$000’s			e-commerce NZ$000’s			Unallocated NZ$000’s			Total NZ$000’s
For the year ended 31 January 2021
Revenue		40,492			7,496			32,051			-			80,039
		40,492			7,496			32,051			-			80,039
Cost of goods sold		(19,188	)		(4,636	)		(21,604	)		(719	)		(46,147	)
Gross profit		21,304			2,860			10,447			(719	)		33,892
Other segment expenses*		(17,359	)		(1,425	)		(10,096	)		-			(28,880	)
Unallocated expenses
Administrative expenses		-			-			-			(856	)		(856	)
Corporate expenses		-			-			-			(9,350	)		(9,350	)
Other income		-			-			-			4,223			4,223
Other foreign exchange gain		-			-			-			1,661			1,661
EBITDA		3,945			1,435			351			(5,041	)		690
Brand transition, restructure and transaction expenses		-			-			-			(22,527	)		(22,527	)
Finance expense		-			-			-			(8,214	)		(8,214	)
Interest income		-			-			-			5			5
Impairment expense		-			-			-			(4,895	)		(4,895	)
Depreciation and amortisation		-			-			-			(8,700	)		(8,700	)
Fair value gain on foreign exchange contracts		-			-			-			-			-
Unrealised foreign exchange gain		-			-			-			1,981			1,981
Fair value loss on Convertible Notes derivative		-			-			-			(26,552	)		(26,552	)
Income/(loss) before income tax expense		3,945			1,435			351			(73,943	)		(68,212	)
Income tax expense		-			-			-			(134	)		(134	)
Income/(loss) after income tax expense		3,945			1,435			351			(74,077	)		(68,346	)

* Other segment expenses relate to brand management expenses.

	Retail NZ$000’s			Wholesale NZ$000’s			e-commerce NZ$000’s			Unallocated NZ$000’s			Total NZ$000’s
For the year ended 31 January 2020
Revenue		42,576			15,554			31,935			-			90,065
		42,576			15,554			31,935			-			90,065
Cost of goods sold		(19,582	)		(11,342	)		(20,916	)		(4,407	)		(56,247	)
Gross profit		22,994			4,211			11,020			(4,407	)		33,818
Other segment expenses*		(18,784	)		(3,112	)		(13,659	)		-			(35,555	)
*Unallocated expenses*
Administrative expenses		-			-			-			(1,234	)		(1,234	)
Corporate expenses		-			-			-			(12,772	)		(12,772	)
Other foreign exchange loss		-			-			-			(424	)		(424	)
EBITDA		4,210			1,099			(2,639	)		(18,837	)		(16,167	)
Brand transition, restructure and transaction expenses**		-			-			-			(13,687	)		(13,687	)
Finance expense		-			-			-			(5,213	)		(5,213	)
Interest income		-			-			-			12			12
Impairment expense		-			-			-			(8,904	)		(8,904	)
Depreciation and amortisation		-			-			-			(10,603	)		(10,603	)
Fair value gain on foreign exchange contracts		-			-			-			729			729
Unrealised foreign exchange gain		-			-			-			310			310
Fair value gain/(loss) on Convertible Notes derivative		-			-			-			-			-
Income/(loss) before income tax expense		4,210			1,099			(2,639	)		(56,193	)		(53,523	)
Income tax expense		-			-			-			(782	)		(782	)
Income/(loss) after income tax expense		4,210			1,099			(2,639	)		(56,975	)		(54,305	)

* Other segment expenses relate to brand management expenses.

** Brand transition, restructure and transaction expenses are shown net of proceeds from the sale of Naked brand and trademarks.

	Retail NZ$000’s			Wholesale NZ$000’s			e-commerce NZ$000’s			Unallocated NZ$000’s			Total NZ$000’s
For the year ended 31 January 2019
Revenue		50,348			29,439			32,133			-			111,920
		50,348			29,439			32,133			-			111,920
Cost of goods sold		(24,616	)		(24,582	)		(21,248	)		(4,034	)		(74,480	)
Gross profit		25,732			4,857			10,885			(4,034	)		37,440
Other segment expenses*		(24,540	)		(9,667	)		(11,247	)		—			(45,454	)
*Unallocated expenses*
Administrative expenses		-			-			-			(1,050	)		(1,050	)
Corporate expenses		-			-			-			(17,947	)		(17,947	)
Other foreign exchange gain		-			-			-			1,409			1,409
EBITDA		1,192			(4,810	)		(362	)		(21,622	)		(25,602	)
Brand transition, restructure and transaction expenses		-			-			-			(10,075	)		(10,075	)
Finance expense		-			-			-			(4,041	)		(4,041	)
Impairment expense		-			-			-			(8,173	)		(8,173	)
Depreciation and amortisation		-			-			-			(2,382	)		(2,382	)
Fair value loss on foreign exchange contracts		-			-			-			(1,704	)		(1,704	)
Unrealised foreign exchange gain		-			-			-			2,258			2,258
Fair value loss on Convertible Notes derivative		-			-			-			(775	)		(775	)
Income/(loss) before income tax expense		1,192			(4,810	)		(362	)		(46,514	)		(50,494	)
Income tax benefit		-			-			-			1,274			1,274
Income/(loss) after income tax expense		1,192			(4,810	)		(362	)		(45,240	)		(49,220	)

* Other segment expenses relate to brand management expenses and some corporate expenses.

Cash and Cash Equivalents

12 Months Ended

Jan. 31, 2021

Cash and cash equivalents [abstract]

Cash and Cash Equivalents

15	Cash and Cash Equivalents

	31 January 2021 NZ$000’s		31 January 2020 NZ$000’s
Cash on hand		38		44
Cash at bank		90,887		3,747
		90,925		3,791

Trade and Other Receivables

12 Months Ended

Jan. 31, 2021

Trade and other receivables [abstract]

Trade and Other Receivables

16	Trade and Other Receivables

		31 January 2021 NZ$000’s			31 January 2020 NZ$000’s

Trade receivables			1,645			2,358
Provision for impairment	(a)		(183	)		(22	)
			1,462			2,336
Prepayments			6,304			2,959
Other receivables			368			762
Total current trade and other receivables			8,134			6,057

Due to the short-term nature of the current receivables, their carrying amount is considered to be the same as their fair value.

Prepayments consist of advance payments made to suppliers in order to begin production, remaining annual insurance premiums and deposits on certain property leases.

(a)

Impairment of receivables

The Group applies the simplified approach to providing for expected credit losses prescribed by IFRS 9, which permits the use of the lifetime expected loss provision for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The loss allowance provision as at 31 January 2021 is determined as follows, the expected credit losses incorporate forward looking information.

31 January 2021	0 - 30 days			31 - 60 days			61 - 90 days			> 91 days overdue			Total
Expected loss rate (%)		2	%		50	%		46	%		60	%
Gross carrying amount ($)		1,370			6			39			230			1,645
ECL provision		26			3			17			137			183

Reconciliation of changes in the provision for impairment of receivables is as follows:

	For the Year Ended 31 January 2021 NZ$000’s			For the Year Ended 31 January 2020 NZ$000’s
Opening impairment allowance calculated under IFRS 9		(22	)		(609	)
Movement through provision		(247	)		(4	)
Unused amounts reversed		85			616
Foreign exchange movement		1			(25	)
Balance at end of the period		(183	)		(22	)

The Group measures the loss allowance for trade receivables at an amount equal to lifetime expected credit loss (ECL). The ECL on trade receivables are estimated using a provision matrix by reference to past default experience of the debtor and an analysis of the debtor’s current financial position, adjusted for factors that are specific to the debtors, general economic conditions of the industry in which the debtors operate and an assessment of both the current as well as the forecast direction of conditions at the reporting date.

The Group has recognised a loss allowance of 60% (2020: 100%) against identifiable receivables at risk in excess of 90 days because historical experience has indicated that these receivables are generally not recoverable.

The Group revised its estimation techniques and assumptions during the current reporting period based on prior experience and relevant forward-looking factors.

The Group writes off a trade receivable when there is information indicating that the debtor is in severe financial difficulty and there is no realistic prospect of recovery, e.g. when the debtor has been placed under liquidation or has entered into bankruptcy proceedings, whichever occurs first.

Inventories

12 Months Ended

Jan. 31, 2021

Disclosure of inventories [Abstract]

Inventories

17	Inventories

	31 January 2021 NZ$000’s			31 January 2020 NZ$000’s
Finished goods		17,708			24,034
Provision for impairment		(1,112	)		(495	)
		16,596			23,539

Write downs of inventories to net realisable value during the period were NZ$617k (2020: NZ$51k) of which $425k is related to Heidi Klum products which the Group no longer has a licence to sell. The sell through period for Heidi Klum products ended on 31 January 2021 following licence termination on 31 January 2020.

Property, Plant and Equipment

12 Months Ended

Jan. 31, 2021

Disclosure of detailed information about property, plant and equipment [abstract]

Property, Plant and Equipment

18	Property, plant and equipment

	31 January 2021 NZ$000’s			31 January 2020 NZ$000’s
Leasehold Improvements
At cost		8,598			11,456
Accumulated depreciation and impairment		(7,898	)		(9,690	)
		700			1,766
Plant, furniture, fittings and motor vehicles
At cost		25,610			24,850
Accumulated depreciation		(23,333	)		(23,579	)
		2,277			1,271

Total property, plant and equipment		2,977			3,037

(a)

Movements in carrying amounts of property, plant and equipment

Movement in the carrying amounts for each class of property, plant and equipment between the beginning and the end of the current financial period:

	Leasehold improvements NZ$000’s			Plant, furniture, fittings and motor vehicles NZ$000’s			Total NZ$000’s
Year ended 31 January 2021
Balance at the beginning of year		1,766			1,271			3,037
Additions		23			1,475			1,498
Disposals		(131	)		(6	)		(137	)
Depreciation expense		(640	)		(458	)		(1,098	)
Reclassification		-			-			-
Impairment loss		(341	)		-			(341	)
Adjustment to make good asset		-			-			-
Foreign exchange movements		23			(5	)		18
Balance at the end of the year		700			2,277			2,977

Year ended 31 January 2020
Balance at the beginning of year	3,264		499		3,763
Additions	191		1,103		1,294
Disposals	(28	)	(324	)	(352	)
Depreciation expense	(461	)	(877	)	(1,338	)
Reclassification	(1,070	)	1,120		50
Impairment loss	(213	)	(278	)	(491	)
Adjustment to make good asset	14		-		14
Foreign exchange movements	69		28		97
Balance at the end of the year	1,766		1,271		3,037

Right-of-Use Assets

12 Months Ended

Jan. 31, 2021

Right-of-use Assets

Right-of-Use Assets

19	Right-of-use assets

The Group leases warehouse, retail and office facilities. The leases typically run for a period of 5 years with an option to renew the lease after that date. Lease payments are renegotiated every resigning period to reflect market rentals. Some leases provide for additional rent payments that are based on changes in local price indices. For certain leases, the Group is restricted from entering into any sub-leasing arrangements. The Group also leases information technology and other point of sale equipment.

Information about leases for which the Group is a lessee is presented below:

Right-of-use assets

Right-of-use assets related to leased properties that do not meet the definition of investment property are presented as property, plant and equipment (see note 16).

	Land & Buildings			Plant, furniture, fittings and motor vehicles			Total
	NZ $000’s			NZ $000’s			NZ $000’s
Balance as at 1 February		23,392			417			23,809
Additions to right-of-use-assets		2,700			100			2,800
Depreciation charge for the year		(6,982	)		(162	)		(7,144	)
Impairment of right-of-use assets		(1,221	)		-			(1,221	)
Foreign exchange movements		157			-			157
Balance at 31 January 2021		18,046			355			18,401

	Land & Buildings			Plant, furniture, fittings and motor vehicles			Total
	NZ $000’s			NZ $000’s			NZ $000’s
Balance as at 1 February		25,616			542			26,158
Additions to right-of-use-assets		6,255			72			6,327
Depreciation charge for the year		(8,479	)		(197	)		(8,676	)
Balance at 31 January 2020		23,392			417			23,809

Amounts recognised in profit or loss

	2021		2020
	NZ $000’s		NZ $000’s

Interest expense on lease liabilities		1,405		1,674

Extension options

Some property leases contain extension options exercisable by the Group up to one year before the end of the non-cancellable contract period. Where practicable, the Group seeks to include extension options in new leases to provide operational flexibility. The extension options held are exercisable only by the Group and not by the lessors. The Group assesses at lease commencement date whether it is reasonably certain to exercise the extension options. The Group reassesses whether it is reasonably certain to exercise the options if there is a significant event or significant changes in circumstances within its control.

Intangible Assets

12 Months Ended

Jan. 31, 2021

Disclosure of detailed information about intangible assets [abstract]

Intangible Assets

20	Intangible Assets

	31 January 2021 NZ$000’s			31 January 2020 NZ$000’s
Goodwill
Cost		5,516			6,091
Accumulated impairment		(5,516	)		(6,091	)
		-			-
Patents and licences
Cost		22,863			25,151
Accumulated amortisation and impairment		(3,649	)		(3,489	)
		19,214			21,662
Brands
Cost		12,253			12,032
Accumulated amortisation and impairment		(8,810	)		(5,401	)
		3,443			6,631
Software and Website
Cost		15,749			15,548
Accumulated amortisation and impairment		(15,557	)		(15,548	)
		192			-
Total Intangible assets		22,849			28,293

(a)

Movements in carrying amounts of intangible assets

	Goodwill NZ$000’s		Patents and licences NZ$000’s			Brands NZ$000’s			Software and Website NZ$000’s			Total NZ$000’s
Year ended 31 January 2021
Balance at the beginning of the year		-		21,662			6,631			-			28,293
Additions		-		-			-			211			211
Amortisation		-		(442	)		-			(16	)		(458	)
Impairment (note 7)		-		-			(3,333	)		-			(3,333	)
Foreign exchange movements		-		(2,006	)		145			(3	)		(1,864	)
Closing value at 31 January 2021		-		19,214			3,443			192			22,849

	Goodwill NZ$000’s			Patents and licences NZ$000’s			Brands NZ$000’s			Software and Website NZ$000’s			Total NZ$000’s

Year ended 31 January 2020
Balance at the beginning of the year		2,320			25,075			10,205			263			37,863
Adjustments*		-			(2,310	)		-			-			(2,310	)
Amortisation		-			(589	)		-			-			(589	)
Impairment (note 7)		(2,480	)		(2,037	)		(3,694	)		(202	)		(8,413	)
Reclassification		-			-			-			(50	)		(50	)
Foreign exchange movements		160			1,523			120			(11	)		1,792
Closing value at 31 January 2020		-			21,662			6,631			-			28,293

* During the prior year, a financial liability relating to a shareholder loan on the balance sheet of Frederick’s of Hollywood (FOH) on the acquisition of FOH Online Corp Inc. was derecognised as the stock purchase agreement stipulated the transaction was debt free. This has resulted in a reduction to the carrying value of the acquired intangible asset with a write back to the profit and loss account for the accrued and capitalised interest.

(b)

Impairment testing for goodwill

For the purpose of impairment testing, goodwill is allocated to cash-generating units as below:

Description of the cash-generating unit (CGU)

For the Year Ended 31 January 2021
NZ $000’s

For the Year Ended 31 January 2020

NZ $000’s

United States

2,480

Impairment of goodwill

2,480

Impairment assumptions

Goodwill on the merger of Naked Inc. was allocated to the Group’s operation in United States which is the cash generating unit (CGU) for the purpose of impairment testing. In the prior year, goodwill was fully impaired resulting in a carrying value of $nil.

(c)

Impairment of patents & licences

In the prior year, the Group fully impaired the carrying value of patents and licence acquired as part of the Naked merger and partially impaired the Fredericks of Hollywood (FOH) licence which was acquired on 8 December 2018 as part of the Stock Purchase Agreement with the shareholders of FOH Online Corp Inc.

	For the Year Ended 31 January 2021 NZ $000’s		For the Year Ended 31 January 2020 NZ $000’s

FOH licence		-		1,914
Naked patents & licence		-		123
Impairment of patents & licences		-		2,037

Impairment assumptions

Management has determined the recoverable amount of the FOH licence asset by assessing the value in use (VIU) of the underlying assets. These calculations use cash flow projections based on financial budgets approved by management covering a five-year period. Cash flows beyond the five-year period are extrapolated using the estimated growth rates shown below. These growth rates do not exceed the long-term average growth rates for the industry. The result of the impairment assessment is that the value in use exceeded the carrying value of the FOH licence resulting in no impairment charge during the year.

Management’s approach and the key assumptions used to determine the VIU were as follows:

Sales growth: 12.0% in FY22, 7.5% in FY23, 5% in FY24 and 4% in FY25 and FY26 (31 January 2020: 5.0% to 9.0%)

Net margin: 31% to 35% between FY22 and FY26

EBITDA margin: 3% to 10% between FY22 and FY26

Cash flow - revenue forecast period: 5 years (31 January 2020: 5 years)

Post-tax discount rate (%): 10.5% (31 January 2020: 10.5%)

Long term sales growth rate (%): 2.0% (31 January 2020: 2.0%)

(d)

Impairment testing for indefinite-lived brand intangibles

Brand intangible assets represent brands owned by the Group, that arose on historical acquisitions including Pleasure State, Davenport and Lovable.

	For the Year Ended 31 January 2021 NZ $000’s	For the Year Ended 31 January 2020 NZ $000’s

Pleasure State	2,002	125
Davenport and Lovable	1,331	1,439
Naked	-	2,130
Impairment of indefinite-lived brand intangibles	3,333	3,694

The brand intangible assets of $3,443,000 (2020: $6,631,000) are tested for impairment annually.

Impairment assumptions

Management has determined the recoverable amount of the indefinite-lived brand assets by assessing the fair value less cost of disposal (FVLCOD) of the underlying assets. The relief from royalty method adopted to complete the valuation determines, in lieu of ownership, the cost that would be required to obtain comparable rights to use the asset via a third-party licence arrangement. These calculations use cash flow projections based on financial budgets approved by management covering a five-year period. Cash flows beyond the five-year period are extrapolated using the estimated growth rates shown below. These growth rates do not exceed the long-term average growth rates for the industry. The result of the impairment assessment is that the carrying value has exceeded the fair value less costs to sell by $3.3m. As such, the indefinite-lived brand assets has been partially impaired for the year ended 31 January 2021.

Management’s approach and the key assumptions used to determine the FVLCOD were as follows:

Sales growth: 0% (31 January 2020: 5-9%)

Royalty rate: 5.0% (31 January 2020: 5.0%)

Cash flow - revenue forecast period: 5 years (31 January 2020: 5 years)

Post-tax discount rate (%) for US brands*: 10.50% (31 January 2020: 10.50%)

Post-tax discount rate (%) for NZ brands: 15.50% (31 January 2020: 11.75%)

Long term sales growth rate (%): 2% (31 January 2020: 2%)

Impact of possible changes in key assumptions

The directors have made judgements and estimates to assess indefinite-lived assets for impairment. Should these judgements and estimates not occur the resulting carrying amount may decrease.

(d)

Impairment testing for indefinite-lived brand intangibles

The sensitivities that have been separately modelled are as follows:

(a) a 0.8% increase in the post-tax discount rate

(b) 1.7% decrease in the terminal growth

The carrying amounts of the indefinite-lived brand intangible assets are sensitive to assumptions used in the impairment test calculations including the post-tax discount rate and sales growth rate. A 0.8% increase in the post-tax discount rate would result in an additional impairment of $0.141 million (31 January 2020: an increase of 2.1% would result an impairment of $1.047 million) against the carrying amount of the indefinite-lived brand intangibles. A 1.7% reduction in terminal growth would result in an additional impairment of $0.816 million against the carrying amount of the indefinite-lived brand intangibles. A 5% decrease in sales forecast would result in an additional impairment of $0.581 million (31 January 2020: a reduction in sales growth to 0% would result an impairment of $1.749 million) against the carrying amount of the indefinite-lived brand intangibles.

*On 28 January 2020, Naked Brand Group Limited agreed to sell all of its rights, title and interest in the trademarks related to the “Naked” and “NKD” brands to Gogogo SRL for a consideration of US $0.6m. The Group therefore does not own a US brand.

(e)

Software impairment

In the prior year, software was fully impaired ($0.202m) and in the current year, the Group capitalised website development costs of $0.2m and will be subject to future impairment review.

(f)

Sale of intangible asset

In the prior year, Naked Brand Group Limited agreed to sell all of its rights, title and interest in the trademarks related to the “Naked” and “NKD” brands to Gogogo SRL for a consideration of US $0.6m (NZ $0.906m). At the date of sale, the intangible assets sold had a book value of nil as they had been fully impaired, resulting in a gain on sale of intangible assets of US$0.6m (NZ $0.906m) which was recognised in the profit and loss account.

Trade and Other Payables

12 Months Ended

Jan. 31, 2021

Trade and other payables [abstract]

Trade and Other Payables

21	Trade and Other Payables

	31 January 2021 NZ$000’s		31 January 2020 NZ$000’s
Current:
Trade payables		6,250		10,407
Accruals		7,250		8,593
Employee benefit liabilities		15,228		3,430
		28,728		22,430

Trade and other payables are unsecured and are normally settled within terms of trade however some the trade creditors are out of term as at 31 January 2021. The Group is actively working to bring all of the creditors in term. The carrying amounts are considered to be a reasonable approximation of fair value.

Employee benefits liabilities includes an accrual of $11.6m relating to phantom warrants. The Group uses the Black Scholes option pricing model to determine the fair value of the phantom warrants which have an exercise price of US$0.37 which vests in three tranches being 21 January 2021, 21 July 2021 and 21 January 2022 equal to 1.50% of the outstanding shares of the Company on the vesting date. There are no conditions or restrictions to receiving the benefit of all the phantom warrants for the full bonus calculation period. Each tranche of phantom warrants may be exercised for cash at any time in the three year period following vesting date and as such is recognised as a liability

Borrowings

12 Months Ended

Jan. 31, 2021

Schedule Of Fair Value Measurement Of Assets And Liabilities [Text Block]

Borrowings

22	Borrowings

	31 January 2021 NZ$000’s			31 January 2020 NZ$000’s
Amounts due in less than one year:
Secured liabilities:
Bank loans		14,500			17,900
Debt issuance costs in relation to bank loan		(7	)		-
Other loan		-			1,315
		14,493			19,215
Amounts due after more than one year:
Unsecured liabilities:
Convertible loan notes		3,002			19,698
		3,002			19,698
		17,495			38,913

The fair value of borrowings is not considered to be materially different to their carrying amounts.

(a)

Assets pledged as collateral:

Borrowings are collateralized by a fixed and floating charge over the assets of the Group. The lease liabilities are effectively secured as the rights to the leased assets, recognised in the balance sheet, revert to the lessor in the event of default.

(b)

Bank overdrafts, bank loans and bank loan covenants

On 12 March 2020, the Group entered into a Deed of Amendment with the Bank of New Zealand to extend its loan facility of NZD$16,700,000 (31 January 2020: NZD$17,900,000) until March 2022. Interest rate charges ranged between 4.25% and 5.26%. The facility includes guarantees and financial instruments totalling NZD$1,345,000.

Bank of New Zealand has the first ranking charge over all assets of the Group. Under the terms of the facility, the Group must meet specific covenant obligations namely sales and gross margin adverse variances to budget to be no greater than 15% and inventory to cover bank debt 1.35 times (which increased to 1.65 times from and including 31 July 2020). Throughout the majority of the current financial year, the Group was in breach of all covenant measures. The extended borrowing has therefore been classified as a current liability as at the year end. Sales, gross margin and inventory were all negatively impacted by COVID-19 due to store closures and delayed inventory shipments from suppliers.

(c)

Convertible notes

In February and April 2020, the Group completed 2 separate private placements of secured convertible notes to 1 private investor for a cash consideration of $7.2m (US$4.5m) with discounts and fees totalling $0.5m (US$0.3m) and a daily compounding interest rate of 20%. During the year, the note holder elected to exchange their warrant in return for a one-time 5% increase on the Note balance on the date of election. Total warrants exchanged for an increase in Note balance during the year was $0.3m (US$0.2m). In addition to warrant exchanges, the Note holder is also entitled to a one-time 10% increase in Note value if the Group fails to meet its financial and/or filing obligations contained under the Note agreement. The total increase in principal Note balance relating to financing and/or filing penalties during the year was $1.4m (US$0.9m). By the year end the convertible note issued in February had been fully converted to equity while the convertible note issued in April remained outstanding.

In July 2020, the Group completed a private placement of a convertible promissory note (the “July Note”) and a warrant to purchase ordinary shares (the “July Purchase Warrant”) to one of the Affiliated Holders, Iliad Research Trading L.P., pursuant to a Securities Purchase Agreement, for an aggregate purchase price of $12.1m (US$8.0m). The July Note was issued with an original issue discount of 5%, and certain expenses of the Affiliated Holder were added to the balance of the July Note, for an original principal balance of $12.8m (US$8.4m). The Group also granted a financing rebate to the Affiliated Holder, resulting in net proceeds to the Group of approximately $10.9m (US$7.2m) from the sale of the July Note. The July Note provided for interest at the following rates: (i) for a period of 90 days starting on its issuance date, 2.0% per annum, (ii) for the next 90 days, 10.0% per annum and (iii) thereafter, 15.0% per annum, and provided for maturity on the second anniversary of its issuance. The July Note was convertible, at our election (subject to certain limitations) or at the election of the Affiliated Holder, into ordinary shares at a conversion price equal to US$0.2424. The July Purchase Warrant entitled the Affiliated Holder to purchase ordinary shares at an exercise price of US$0.6707 per share. In addition, if the exercise price of the July Purchase Warrant was higher than the last closing bid price of the ordinary shares, the July Purchase Warrant could be exercised on a cashless basis for a number of shares equal to the Black-Scholes value per share underlying the July Purchase Warrant, multiplied by the number of shares as to which the July Purchase Warrant was being exercised, divided by the closing bid price as of two business days prior to the exercise date, but in any event not less than the floor price specified in the July Purchase Warrant. For this purpose, the Black-Scholes value per share underlying the July Purchase Warrant was a fixed value as set forth in the July Purchase Warrant.

The July Note has been converted in full into an aggregate of 35,081,733 Ordinary Shares and the July Purchase Warrant had been exercised in full, pursuant to the Black-Scholes cashless exercise provision, for an aggregate of 47,817,633 Ordinary Shares.

As at 31 January 2021, the Group had a principal amount of $2.8m (US$2.0m) and accrued interest of $0.2m (US$0.1m) with the total owing of $3.0m (US$2.1m) on the balance sheet and interest charged to the Profit or Loss account. When a conversion option is exercised the amount of conversion is taken to share capital, reducing the loan note balance.

(d)

Other loans

On 3 July 2020, the balance (principle and interest) that existed at 31 January 2020 (US$1.1m, NZ$1.6m) was fully converted into Naked ordinary shares at a price of US$0.66 by mutual consent.

Provisions

12 Months Ended

Jan. 31, 2021

Provisions [abstract]

Provisions

23	Provisions

	31 January 2021 NZ$000’s		31 January 2020 NZ$000’s
Current:
Other provisions		92		5,205
Make good		778		639
		870		5,844

	31 January 2021 NZ$000’s		31 January 2020 NZ$000’s
Non-current:
Make good		1,212		1,796
		1,212		1,796

	Lease contributions NZ$000’s		Other provisions NZ$000’s			Make good NZ$000’s			Total NZ$000’s
Opening balance at 1 February 2020		-		5,205			2,435			7,640
Additional provisions recognised		-		-			26			26
Amounts used during the period		-		(5,113	)		(506	)		(5,619	)
Exchange differences		-		-			35			35
Balance at 31 January 2021		-		92			1,990			2,082

	Lease contributions NZ$000’s			Other provisions NZ$000’s		Make good NZ$000’s			Total NZ$000’s
Opening balance at 1 February 2019		1,085			-		2,208			3,293
Impact of IFRS 16*		(1,102	)		-		-			(1,102	)
Additional provisions recognised		-			5,205		307			5,512
Amounts used during the period		-			-		(64	)		(80	)
Exchange differences		17			-		(16	)		1
Balance at 31 January 2020		-			5,205		2,435			7,640

Other provisions

On 31 January 2020, the Group entered into an agreement terminating the license agreement with Heidi Klum. The termination agreement provides that we may continue selling existing Heidi Klum branded products, as well as Heidi Klum branded products manufactured on or prior to June 30, 2020 under existing contracts. The right to continue selling such products will continue until six months after the date of the termination agreement in the Northern Hemisphere and until 12 months after the date of the termination agreement in the Southern Hemisphere. A termination fee to Heidi Klum in lieu of further royalties is payable in instalments through to 30 December 2020. At 31 January 2020 the termination costs of the contract are greater than the economic benefit and hence the contract has been identified as onerous. A provision is recognised for an amount the termination costs exceed the economic benefits. At 31 January 2021, this provision has been fully utilised.

Make good

In accordance with certain lease agreements, the Group must refurbish and restore the lease premises to a condition agreed with the landlord at the end of the lease term or as prescribed. The provision has been calculated using a pre-tax discount rate of 2% (2019: 2%), and other market assumptions and re-assessed annually.

During the 2021 financial year an additional $26,000 (2020: $307,000) was recognised in relation to new retail leases in New Zealand and Australia.

Lease Liabilities

12 Months Ended

Jan. 31, 2021

Lease liabilities [abstract]

Lease Liabilities

24	Lease Liabilities

The following elections for IFRS 16 were taken on transition date:

	●	the Group did not reassess whether existing contracts are, or contain, a lease and applied IFRS 16 only to existing contracts that were previously identified as lease under IAS 17;
	●	the Group applied a single discount rate to a portfolio of leases with reasonably similar characteristics; and
	●	leases with a remaining term of less than 12 months from the transition date and low value lease are expensed on a straight-line basis to the Consolidated Profit or Loss account.

Undiscounted contractual maturity of lease liabilities

	31 January 2021 NZ$000’s		31 January 2020 NZ$000’s
Amounts payable:
Within one year		6,955		8,112
2 to 5 years inclusive		13,661		17,553
After 5 years		936		166
		24,059		25,831

Share Capital

12 Months Ended

Jan. 31, 2021

Disclosure of classes of share capital [abstract]

Share Capital

25	Share Capital

31 January 2021
NZ$000’s

31 January 2020

NZ$000’s

446,582,604 (2020: 4,697,204) Ordinary shares

338,498

170,193

(a)

Ordinary shares

	For the Year Ended 31 January 2021 NZ$000’s		For the Year Ended 31 January 2020 NZ$000’s
At the beginning of the reporting period		170,193		134,183
Issuance of new shares
- Cash collected from sale of new share issuances and cash exercise of warrants		93,693		12,586
- Shares issued in lieu of agreed settlement		5,503		-
- Conversion of debt		1,689		-
- Shares issued in lieu of inventory payment		-		15, 525
- Shares issued in lieu of related party loan		-		1,546
- Convertible notes converted to equity		67,420		5,979
Warrants issued		-		374
At the end of the reporting period		338,498		170,193

The holders of ordinary shares are entitled to participate in dividends and the proceeds on winding up of the Group. On a show of hands at meetings of the Group, each holder of ordinary shares has one vote in person or by proxy, and upon a poll each share is entitled to one vote.

On 20 December 2019 the company executed a 1-100 reverse share split reducing the number of shares.

The Group does not have authorised capital or par value in respect of its shares.

(b)

Capital Management

The key objectives of the Group when managing capital is to safeguard its ability to continue as a going concern and maintain optimal benefits to stakeholders. Management also aims to maintain a capital structure that ensures the lowest cost of capital available to the entity. The Group defines capital as its equity and net debt.

There has been no change to capital risk management policies during the year.

Management are constantly adjusting the capital structure to take advantage of favourable costs of capital or high return on assets. As the market is constantly changing, management may change the amount of dividends to be paid to shareholders, return capital to shareholders or sell assets to reduce debt. The Group is not subject to any externally imposed capital requirements.

The gearing ratio for the years ended 31 January 2021 and 31 January 2020 are as follows:

	Note		31 January 2021 NZ$000’s			31 January 2020 NZ$000’s
Total borrowings		22		17,495			38,913
Less Cash and cash equivalents		15		(90,925	)		(3,791	)
Net cash)/ net debt				(73,430	)		35,122
Equity				89,191			(6,284	)
Total capital				15,788			28,838
Gearing ratio				20	%		(619	)%

(b)

Warrants

The following warrants were outstanding as at 31 January 2021 (31 January 2020: 610,122).

Average Exercise Price (USD)	Issue Date	Expiry Date	No. of warrants
	Mar-19	Mar-21		42,285
	Mar-19	Mar-23		14,000
$0.01 - $0.50	Apr-19	Apr-22		500
	May-19	May-21		10,000
	Jul-19	May-25		170,100
	Aug-19	Feb-25		285,714
	Aug-19	Aug-24		22,857
$1.51 - $2.00	Nov-17	Nov-21		2,000
	Oct-18	Oct-21		20,000
$2.01 - $4.00	Jun-18	Jun-23		8,000
	Mar-19	Mar-21		3,922
$4.01+	May-18	May-21		2,816
Total number of outstanding warrants as at 31 January 2021				582,194

Reserves

12 Months Ended

Jan. 31, 2021

Disclosure of reserves within equity [abstract]

Reserves

26	Reserves

	31 January 2021 NZ$000’s			31 January 2020 NZ$000’s
Foreign currency translation reserve
Opening balance		118			(2,013	)
Transfers in		(4,484	)		2,131
Balance at the end of the year		(4,366	)		118

Foreign currency translation reserve

Exchange differences arising on translation of the foreign controlled entity are recognised in other comprehensive income - foreign currency translation reserve. The cumulative amount is reclassified to profit or loss when the net investment is disposed of.

Loss Per Share

12 Months Ended

Jan. 31, 2021

Loss per share for profit from continuing operations attributable to the ordinary equity holders of the Group:

Loss Per Share

27	Loss per Share

(a)

Basic and diluted loss per share

For the Year
Ended
31 January 2021
NZ$

For the Year

Ended
31 January 2020

NZ$

From continuing operations attributable to the ordinary equity holders of the Group

(0.62

)

(34.74

)

Total basic and diluted loss per share attributable to the ordinary equity holders of the Group

(0.62

)

(34.74

)

(b)

Reconciliation of loss used in calculating loss per share

For the Year
Ended
31 January 2021
NZ$000’s

For the Year

Ended
31 January 2020

NZ$000’s

Basic and diluted loss per share

Loss attributable to the ordinary equity holders of the Group used in calculating basic earnings per share:

(68,346

)

(54,305

)

(c)

Weighted average number of shares used as the denominator

31 January 2021
Number

31 January 2020

Number

Weighted average number of ordinary shares used as the denominator in calculating basic and diluted loss per share

109,370,410

1,563,056

(d)

Information concerning the classification of securities

Convertible Notes

At 31 January 2021, the Group had 1 outstanding convertible note principal of $2.8m and accrued interest and fair value adjustments of $0.8m. Please refer to note 22(c).

Accumulated Losses

12 Months Ended

Jan. 31, 2021

Fair value gain loss on convertible notes derivative

Accumulated Losses

28	Accumulated Losses

	Year Ended 31 January 2021 NZ$000’s			Year Ended 31 January 2020 NZ$000’s
Accumulated losses at the beginning of the financial year		(176,595	)		(121,651	)
Adoption of IFRS 16		-			(639	)
Loss for the year		(68,346	)		(54,305	)
Accumulated losses at end of the financial year		(244,941	)		(176,595	)

Other Financial Commitments

12 Months Ended

Jan. 31, 2021

Other Financial Commitments

Other Financial Commitments

29	Other Financial Commitments

(a)

Contracted Commitments

	31 January 2021 NZ$000’s		31 January 2020 NZ$000’s
Licence contract
- not later than one year		-		5,392
- between one year and five years		-		-
		-		5,392

On 31 January 2020 the Group, through mutual consent, terminated the licence agreement with Heidi Klum and Heidi Klum Company LLC of a fee of US$3.5m which was paid in full during the year.

Financial Risk Management

12 Months Ended

Jan. 31, 2021

Disclosure of Financial Risk Management [Abstract]

Financial Risk Management

30	Financial Risk Management

The Group is exposed to a variety of financial risks through its use of financial instruments.

The Group’s overall risk management plan seeks to minimise potential adverse effects due to the unpredictability of financial markets.

The most significant financial risks to which the Group is exposed to are described below:

Specific risks

	●	Liquidity risk
	●	Credit risk
	●	Market risk - currency risk, interest rate risk and price risk

Financial instruments used

The principal categories of financial instruments used by the Group are:

	●	Trade receivables
	●	Cash at bank
	●	Bank overdraft
	●	Trade and other payables
	●	Floating rate bank loans
	●	Forward currency contracts
	●	Shareholders loan

Objectives, policies and processes

The Board of Directors have overall responsibility for the establishment of the Group’s financial risk management framework. This includes the development of policies covering specific areas such as foreign exchange risk, interest rate risk, credit risk and the use of derivatives.

Risk management policies and systems are reviewed regularly to reflect changes in market conditions and the Group’s activities.

The day-to-day risk management is carried out by the Group’s finance function under policies and objectives which have been approved by the Board of Directors.

The financial assets of the Group were as follows:

	31 January 2021 NZ$000’s		31 January 2020 NZ$000’s
- Cash and cash equivalents		90,925		3,791
- Trade receivables		1,462		2,336
		92,387		6,127

The Directors consider that the carrying amount for all financial assets approximates to their fair value.

Objectives, policies and processes

Mitigation strategies for specific risks faced are described below:

Liquidity risk

Liquidity risk arises from the Group’s management of working capital and the finance charges and principal repayments on its debt instruments. It is the risk that the Group will encounter difficulty in meeting its financial obligations as they fall due.

The Group’s policy is to ensure that it will always have sufficient cash to allow it to meet its liabilities as and when they fall due.

The Group manages its liquidity needs by carefully monitoring scheduled debt servicing payments for long-term financial liabilities as well as cash-outflows due in day-to-day business.

The timing of cash flows presented in the table to settle financial liabilities reflects the earliest contractual settlement dates and does not reflect management’s expectations that banking facilities will be rolled forward. The amounts disclosed in the table are the undiscounted contracted cash flows and therefore the balances in the table may not equal the balances in the consolidated balance sheets due to the effect of discounting.

Due to the recent developments of COVID-19, the company has been further tasked to preserve cash due to the recent lockdown procedures that have occurred in the company’s main markets meaning retail stores are closed and the company is heavily reliant on its e-commerce segment. In addition, the company has applied for government subsidies where appropriate to help alleviate the impact of reduced cash inflow from store closures. At the date of this report, the Group had received $2.0m in subsidies from the New Zealand Government and $0.8m from the Australian Government.

The Group’s liabilities have contractual maturities which are summarised below, it should be noted these amounts are undiscounted contractual cash flows as required by IFRS 7:

	Non-derivatives Borrowings NZ$000’s		Non-derivatives Trade payables NZ$000’s		Non-derivatives Total NZ$000’s		Derivatives Gross future cash settlement on forward currency contracts - inflow NZ$000’s		Derivatives Gross future cash settlement on forward currency contracts - (outflow) NZ$000’s		Derivatives Total NZ$000’s
Not later than 1 month
31 January 2021		48		6,250		6,289		-		-		-
31 January 2020		2,052		10,407		12,459		-		-		-
1 to 3 months
31 January 2021		14,596		-		14,596		-		-		-
31 January 2020		18,044		-		18,044		-		-		-
3 months to 1 year
31 January 2021		-		-		-		-		-		-
31 January 2020		-		-		-		-		-		-
1 to 5 years
31 January 2021		4,256		-		4,256		-		-		-
31 January 2020		28,764		-		28,764		-		-		-

Total
31 January 2021		18,900		6,250		25,150		-		-		-
31 January 2020		48,860		10,407		59,267		-		-		-

Credit risk

Credit risk refers to the risk that a counterparty will default on its contractual obligations resulting in a financial loss to the Group.

Credit risk arises from cash and cash equivalents, derivative financial instruments and deposits with banks and financial institutions, as well as credit exposure to wholesale and retail customers, including outstanding receivables and committed transactions.

The Group operates out of 59 stores across Australasia while having offices in New Zealand which all have committed leasing obligations. COVID-19 has caused the Group to negotiate payments terms across its supplier ledger until such time that normal trading resumes.

Trade receivables and contract assets

Trade receivables consist of a large number of customers, spread across diverse industries and geographical areas. Ongoing credit evaluation is performed on the financial condition of accounts receivable.

The Group has adopted a policy of only dealing with creditworthy counterparties as a means of mitigating the risk of financial loss from defaults. The utilisation of credit limits by customers is regularly monitored by line management. Customers who subsequently fail to meet their credit terms are required to make purchases on a prepayment basis until creditworthiness can be re-established.

Management considers that all the financial assets that are not impaired for each of the reporting dates under review are of good credit quality, including those that are past due.

The Group has no significant concentration of credit risk with respect to any single counterparty or group of counterparties.

The credit risk for liquid funds and other short-term financial assets is considered negligible, since the counterparties are reputable banks with high quality external credit ratings.

On a geographical basis, the Group has significant credit risk exposures in New Zealand and Australia, given the substantial operations in those regions.

The credit quality of financial assets that are neither past due nor impaired can be assessed by reference to external credit ratings if available or historical information about counterparty default rate.

	31 January 2021 NZ$000’s		31 January 2020 NZ$000’s		31 January 2019 NZ$000’s
Trade receivables
Counterparty without external credit ratings
New customer less than 6 months		-		-		42
Existing customers (more than 6 months with default in past)		1,645		2,358		7,747
Total		1,645		2,358		7,789

Cash at bank	31 January 2021 NZ$000’s	31 January 2020 NZ$000’s	31 January 2019 NZ$000’s
Credit ratings
AA-	90,887	3,747	1,915
A+	-	-	-
Total	90,887	3,747	1,915

The Group has no significant concentration of credit risk with respect to any single counterparty or group of counterparties.

On a geographical basis, the Group has significant credit risk exposures in New Zealand and Australia, United States and United Kingdom given the substantial operations in those regions.

Market risk

Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices.

A significant amount of inventory is purchased in US dollars with sales primarily being generated in Australian and New Zealand dollars. COVID-19 will put additional uncertainty as exchange rates become more volatile.

(i) Foreign exchange risk

Exposure to foreign exchange risk may result in the fair value or future cash flows of a financial instrument fluctuating due to movement in foreign exchange rates of currencies in which the Group holds financial instruments which are other than the functional currency of the Group.

Exposures to currency exchange rates arise from the Group’s overseas sales and purchases, which are primarily denominated in currencies other than the functional currency, in particular USD.

Foreign currency denominated financial assets and liabilities, translated into New Zealand Dollars at the closing rate, are as follows:

	AUD NZ$000’s		USD NZ$000’s			GBP NZ$000’s		EUR NZ$000’s		HKD NZ$000’s		Total NZ$000’s
31 January 2021
Nominal amounts
Trade receivables		-		(2	)		13		90		-		101
Trade payables		20		741			-		-		-		761
Cash and cash equivalents		9,943		78,506			89		12		2		88,552
31 January 2020
Nominal amounts
Trade receivables		-		19			20		441		-		480
Trade payables		12		4,068			85		1		2		4,168
Cash and cash equivalents		1,500		747			85		5		4		2,341
31 January 2019
Nominal amounts
Trade receivables		51		42			-		285		-		378
Trade payables		1		9,035			8		61		7		9,112
Cash and cash equivalents		623		149			38		8		11		829

The table on the next page illustrates the sensitivity of the net result for the year and equity in regards to the Group’s financial assets and financial liabilities and the US dollar - New Zealand Dollar, Australian Dollar - New Zealand Dollar, GB Pound - New Zealand Dollar, Euro - New Zealand Dollar, and Hong Kong Dollar - New Zealand Dollar exchange rates. There have been no changes in the assumptions calculating this sensitivity from prior years.

It assumes a 10% change of the New Zealand Dollar / Australian Dollar exchange rate for the year ended 31 January 2021 (31 January 2020: 10%, 31 January 2019: 10%). A 10% change is considered for the New Zealand Dollar / US Dollar exchange rate (31 January 2020: 10%, 31 January 2019: 10%). A 10% change is considered for the New Zealand Dollar / GB Pound exchange rate (31 January 2020: 10%, 31 January 2019: 10%). A 10% change is considered for the New Zealand Dollar / Euro exchange rate (31 January 2020: 10%, 31 January 2019: 10%). All of these percentages have been determined based on the average market volatility in exchange rates in the previous 12 months.

The year-end rates are 0.9348 AUD, 0.7168 USD, 0.5228 GBP, 0.5921 EUR and 5.5574 HKD.

The sensitivity analysis is based on the foreign currency financial instruments held at the reporting date.

If the New Zealand Dollar had strengthened and weakened against the Australian Dollar, US Dollar, GB Pound, Euro and HK Dollar by 10% (31 January 2020: 10%, 31 January 2019: 10%) and 10% (31 January 2020: 10%, 31 January 2020: 10%) respectively then this would have had the following impact:

	NZ$000’s
		+10%		-10%
USD
Net results/Equity (31 January 2021)		(460	)	460
Net results/Equity (31 January 2020)		(594	)	594
Net results/Equity (31 January 2019)		(954	)	954
AUD
Net results/Equity (31 January 2021)		(2	)	2
Net results/Equity (31 January 2020)		(1	)	1
Net results/Equity (31 January 2019)		(5	)	5
GBP
Net results/Equity (31 January 2021)		(9	)	9
Net results/Equity (31 January 2020)		(16	)	16
Net results/Equity (31 January 2019)		(1	)	1
EUR
Net results/Equity (31 January 2021)		(10	)	10
Net results/Equity (31 January 2020)		(42	)	42
Net results/Equity (31 January 2019)		(32	)	32
HKD
Net results/Equity (31 January 2021)		-		-
Net results/Equity (31 January 2020)		-		-
Net results/Equity (31 January 2019)		(1	)	1

Exposures to foreign exchange rates vary during the year depending on the volume of overseas transactions. Nonetheless, the analysis above is considered to be representative of the Group’s exposure to foreign currency risk.

Forward exchange contracts

The Group has no open forward exchange contracts at the end of the reporting period.

The following table summarises the notional amount of the Group’s commitments in relation to forward exchange contracts.

Notional Amounts

Average Exchange Rate

31 January 2021
NZ$000’s

31 January 2020

NZ$000’s

31 January 2019

NZ$000’s

31 January 2021
$

31 January 2020

31 January 2019

Buy USD / sell NZD

Settlement

Less than 6 months

34,395

0.6620

NZ$000’s

NZ$000’s

Buy AUD / sell NZD

Settlement

Less than 6 months

(ii) Interest rate risk

The Group is exposed to interest rate risk as funds are borrowed at floating and fixed rates. Borrowings issued at fixed rates expose the Group to fair value interest rate risk.

The Group’s policy is to minimise interest rate cash flow risk exposures on long-term financing. Longer-term borrowings are therefore usually at fixed rates. At the reporting date, the Group is exposed to changes in market interest rates through its bank borrowings, which are subject to variable interest rates.

	31 January 2021 NZ$000’s		31 January 2020 NZ$000’s
Floating rate instruments
Bank overdrafts		-		-
Working capital financing bank facility		-		-
Convertible notes		-		-
Borrowings		14,500		17,900
		14,500		17,900

The following table illustrates the sensitivity of the net result for the year and equity to a reasonably possible change in interest rates of +1.00%/-1.00% (2020: +1.00%/-1.00%, 2019: +1.00%/-1.00%), with effect from the beginning of the year. These changes are considered to be reasonably possible based on observation of current market conditions and economist reports.

The calculations are based on the financial instruments held at each reporting date. All other variables are held constant.

	NZ$000’s
	1.00%		-1.00%

Net results/Equity (31 January 2021)		145		(145	)
Net results/Equity (31 January 2020)		179		(179	)

Tax Assets and Liabilities

12 Months Ended

Jan. 31, 2021

Disclosure of temporary difference, unused tax losses and unused tax credits [abstract]

Tax Assets and Liabilities

31	Tax assets and liabilities

	Opening Balance NZ$000’s			Charged to Income NZ$000’s			Charged directly to Equity NZ$000’s		Changes in Tax Rate NZ$000’s		Exchange Differences NZ$000’s		Closing Balance NZ$000’s
Deferred tax assets/(liabilities)
Carried forward tax losses		630			-			-		-		-		630
Intangible assets		(630	)		-			-		-		-		(630	)
Balance at 31 January 2021		-			-			-		-		-		-

Carried forward tax losses		1,322			(701	)		-		-		9		630
Intangible assets		(630	)		-			-		-		-		(630	)
Balance at 31 January 2020		692			(701	)		-		-		9		-

Dividends

12 Months Ended

Jan. 31, 2021

Disclosure of dividends [Abstract]

Dividends

32	Dividends

No final dividend will be paid in respect of the year ended 31 January 2021 (31 January 2020: nil, 31 January 2019: nil).

Franking account

31 January 2021
NZ$000’s

31 January 2020

NZ$000’s

Australian franking credits available for subsequent financial years at a tax rate of 30%

3,995

3,995

New Zealand imputation credits available for subsequent financial years at a tax rate of 28%

236

236

The above amounts are based on the dividend franking account at period-end adjusted for:

	(a)	Franking credits that will arise from the payment of the current tax liabilities;
	(b)	Franking debits that will arise from the payment of dividends recognised as a liability at the period end;
	(c)	Franking credits that will arise from the receipt of dividends recognised as receivables at the end of the period.

Key Management Personnel Remuneration

12 Months Ended

Jan. 31, 2021

Key Management Personnel Remuneration

Key Management Personnel Remuneration

33	Key Management Personnel Remuneration

Key management personnel remuneration included within employee expenses for the period is shown below:

For the Year Ended
31 January 2021
NZ$000’s

For the Year Ended
31 January 2020

NZ$000’s

For the Year Ended
31 January 2019

NZ$000’s

Short-term employee benefits*

13,865

3,182

2,056

13,865

3,182

2,056

*Included in the current year’s $13.9m is an accrual for phantom warrants of $11.6m which has been recognised as a brand transition, restructure and transaction expense in the consolidated statement of profit or loss and other comprehensive income. The Group uses the Black Scholes option pricing model to determine the fair value of the phantom warrants which have an exercise price of US$0.37 which vests in three tranches being 21 January 2021, 21 July 2021 and 21 January 2022. There are no conditions or restrictions to receiving the benefit of all the phantom warrants for the full bonus calculation period. Each tranche of phantom warrants may be exercised for cash at any time in the three year period following vesting date and as such is recognised as a liability.

Interests in Subsidiaries

12 Months Ended

Jan. 31, 2021

Disclosure of subsidiaries [abstract]

Interests in Subsidiaries

34	Interests in Subsidiaries

Composition of the Group

	Principal place of business / Country of Incorporation	Percentage Owned (%)* 31 January 2021		Percentage Owned (%)* 31 January 2020		Percentage Owned (%)* 31 January 2019
Subsidiaries:
Bendon Retail Limited	New Zealand		100		100		100
Bendon Holdings Limited	New Zealand		100		100		100
Bendon Holdings Pty Limited	Australia		100		100		100
Bendon Pty Limited	Australia		100		100		100
Bendon Intimates Pty Limited	Australia		100		100		100
PS Holdings No. 1 Pty Limited	Australia		100		100		100
Pleasure State Pty Limited	Australia		100		100		100
Pleasure State (HK) Limited	Hong Kong		100		100		100
Bendon UK Limited	United Kingdom		100		100		100
Bendon USA Inc	United States of America		100		100		100
Bendon Limited	New Zealand		100		100		100
Naked Brand Inc.	United States of America		100		100		100
FOH Online Corp Inc.	United States of America		100		100		100

*The percentage of ownership interest held is equivalent to the percentage voting rights for all subsidiaries.

Fair Value Measurement

12 Months Ended

Jan. 31, 2021

Disclosure of detailed information about profit loss from operating activities in connection with specific expenses [Text Block]

Fair Value Measurement

35	Fair Value Measurement

The Group measures the following assets and liabilities at fair value on a recurring basis:

	●	Financial assets - derivative financial instruments
	●	Financial liabilities - derivative financial instruments
	●	Financial liabilities – convertible notes with embedded derivatives
	●	Financial liabilities – Phantom Warrants

Fair value hierarchy

IFRS 13 Fair Value Measurement requires all assets and liabilities measured at fair value to be assigned to a level in the fair value hierarchy as follows:

	Level 1	Unadjusted quoted prices in active markets for identical assets or liabilities that the entity can access at the measurement date.

	Level 2	Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.

	Level 3	Unobservable inputs for the asset or liability.

The table below shows the assigned level for each asset and liability held at fair value by the Group:

31 January 2021

Level 1
NZ$000’s

Level 2
NZ$000’s

Level 3
NZ$000’s

Total
NZ$000’s

Recurring fair value measurements

Financial assets

Foreign exchange contracts

Financial liabilities

Foreign exchange contracts

Financial derivative liabilities

629

Phantom warrant liabilities

11,642

31 January 2020

Level 1

NZ$000’s

Level 2

NZ$000’s

Level 3

NZ$000’s

Total

NZ$000’s

Recurring fair value measurements

Financial assets

Foreign exchange contracts

Financial liabilities

Foreign exchange contracts

Financial derivative liabilities

There were no transfers between levels during the financial periods.

The carrying amount of trade and other receivables and trade and other payables are assumed to approximate their fair values due to their short-term nature. Bank loans approximate fair value of the carrying amount on the basis of the variable nature of the interest rates associated with the loans.

Valuation techniques for fair value measurements categorised within level 2

The fair value of the derivative on convertible notes and the fair value accrual for phantom warrants has been determined using a Black-Scholes model. Measurement inputs include share price on measurement date, expected term of the instrument, risk free rate, expected volatility and expected dividend rate. The Group used valuations specialists to perform these valuations.

Fair value measurements using significant unobservable movements (level 3)

For the years ended 31 January 2021 and 31 January 2020, there were no financial instruments that were level 3.

Contingencies

12 Months Ended

Jan. 31, 2021

Disclosure of contingent liabilities [abstract]

Contingencies

36	Contingencies

Contingent Liabilities

The Group has entered into a number of trade guarantee arrangements in the normal course of business totalling $0.8m (2020: $0.7m)

In February 2020, a group of investors, who had invested in Bendon Limited prior to its merger with the Company, claimed misrepresentations had been made and they had been misled into investing in Bendon. No litigation has been commenced to date.

On February 9, 2021, the Group was requested by the Securities and Exchange Commission (the “SEC”) to provide certain documents and information for its investigation.

On March 24, 2020, Timothy Connell filed a complaint against us, a subsidiary of ours, and Mr. Davis-Rice, alleging, among other things, that certain shares issued to him in satisfaction of a debt were not registered for resale as promised. Mr. Connell sought rescission of the transaction. During the year, the Group has settled through the issuance of shares.

Related Parties

12 Months Ended

Jan. 31, 2021

Disclosure of transactions between related parties [abstract]

Related Parties

37	Related Parties

(a)

Loans (to)/from related parties

	Opening balance NZ$000s			Closing balance NZ$000s
Loans to related parties
Whitespace Atelier Limited - 31 January 2021		-			-
Whitespace Atelier Limited - 31 January 2020		282			-
Loans from related parties
SBL Holdings - 31 January 2021		-			-
SBL Holdings - 31 January 2020		(1449	)		-
EJ Watson – 31 January 2021		-			-
EJ Watson – 31 January 2020		(2,289	)		-

(b)

Transactions with related parties

In the prior year, a financial liability relating to a shareholder loan created on the acquisition of FOH Online Corp Inc. was derecognised as the current acquisition accounting results in a debt free balance with the shareholder. This adjustment is reflected in the 31 January 2020 accounts in a reduction to the carrying value of the acquired intangible asset with a write back to the profit and loss account for the accrued and capitalised interest. This has resulted in a reduction to the carrying value of the acquired intangible asset with a write back to the profit and loss account for accrued and capitalised interest. Further information can be found in note 19.

In the prior year, the loan payable to SBL Holdings Limited was extinguished through the issuance of shares in the Company.

In the prior year, the Group received tax services from Rothsay Chartered Accountants, an accountancy firm, in which a director of the company held a senior position. The Group received services to the value of $32,503.

During the current year, the Group procured goods for resale from The Way Store Pty Ltd, a company registered in Australia, which is related through common directorship. The Group purchased $0.5m worth of inventory.

Cash Flow Information

12 Months Ended

Jan. 31, 2021

Cash Flow Information

Cash Flow Information

38	Cash Flow Information

(a)

Reconciliation of result for the year to cashflows from operating activities

Reconciliation of net income to net cash provided by operating activities:

	For the Year Ended 31 January 2021 NZ$000’s			For the Year Ended 31 January 2020 NZ$000’s			For the Year Ended 31 January 2019 NZ$000’s
Loss for the year		(68,346	)		(54,305	)		(49,220	)
Cash flows excluded from profit attributable to operating activities
- interest paid on borrowings		1,256			2,868			3,400
- gain on sale of intangible assets		-			(906	)		-
Non-cash flows in profit:
- Interest on convertible note borrowings		5,681			-			-
- depreciation and amortisation expense		8,700			10,603			2,382
- impairment expense		4,895			8,904			8,173
- shares issued in lieu of inventory payment		-			5,942			-
- shares issued for agreed settlement		5,701			-			-
- fair value on warrants issued		-			371			-
- fair value loss/(gain) on convertible notes derivative		26,552			-			775
Changes in assets and liabilities:
- (increase)/decrease in trade and other receivables		(2,082	)		2,901			14,267
- (increase)/decrease in current tax receivables		2			368			(355	)
- (increase)/decrease in inventories		6,604			(1,912	)		13,350
- (increase)/decrease in deferred tax asset/(liability)		-			711			(692	)
- (increase)/decrease in related party receivables		-			282			6,531
- increase/(decrease) in trade and other payables		6,037			402			(5,681	)
- increase/(decrease) in income taxes payable		205			(140	)		226
- increase/(decrease) in provisions		(5,622	)		5,534			(522	)
- increase/(decrease) in foreign currency derivative liability		-			(1,484	)		(1,712	)
- net exchange differences		(601	)		(33	)		(355	)
Cashflows from operations		(11,018	)		(19,894	)		(9,434	)

(b)

Non-cash investing and financing activities

Investing and financing transactions that do not require the use of cash or cash equivalents (i.e. non-cash) are excluded from the statement of cash flows. Such transactions are disclosed below that provides all the relevant information about the non-cash investing and financing activities specific to the Group:

	For the Year Ended 31 January 2021 NZ$000’s		For the Year Ended 31 January 2020 NZ$000’s		For the Year Ended 31 January 2019 NZ$000’s
Shares issued in lieu of inventory payment		-		15,525		-
Shares issued in lieu of agreed debt		5,701		-		-
Shares issued on conversion of debt		1,689		-		-
Warrants issued		-		371		-
		7,192		15,896		-

Events Occurring After the Reporting Date

12 Months Ended

Jan. 31, 2021

Disclosure of non-adjusting events after reporting period [abstract]

Events Occurring After the Reporting Date

39	Events occurring after the reporting date

On February 1, 2021, Naked Brand Group Ltd (“The Company”) received an instruction to issue 29,415,000 ordinary shares at a price of US$1.70 for net proceeds of US$46,920,170, based on a Placement Agent Agreement with Maxim Group LLC date January 27, 2021.

On February 9, 2021, the Company repaid its loan facility held with the Bank of New Zealand. The total settlement amount was NZ$14,779,607 and included interest of NZ$17,436 and fees of NZ$262,171.

On February 23, 2021, the Company announced that it had received notification from the Nasdaq that the Company had regained compliance with Nasdaq’s minimum bid price requirement.

On February 24, 2021 the Company entered into a Securities Purchase Agreement (the “SPA”) with certain accredited investors, pursuant to which the Company will sell to the investors in a private placement an aggregate of US$100,000,000 of units (“Units”), each unit consisting of one ordinary share, no par value, and one warrant, each warrant entitling the holder to purchase one ordinary share (the “Warrant Shares”) at an initial exercise price of US$1.13. The units will be sold at a price per Unit of US$0.93, resulting in the issuance of an aggregate of 107,526,882 Units (representing an aggregate of 107,526,882 ordinary shares and 107,526,882 warrants. On March 11, 2021 the SPA was amended which reduced the price per unit from US$0.93 to US$0.85 resulting in aggregate ordinary shares of 117,647,059 and 117,647,059 warrants. The exercise price of the warrants was also reduced from US$1.13 to US$0.935 and expire five years from the date of the closing. They can be exercised on a net share exercise basis at any time. The Company plans to use the proceeds to pay down certain liabilities and fund working capital.

On February 25, 2021, we exchanged the Prior Note issued in April 2020 for 4,002,789 Ordinary Shares. Prior to the exchange, through a board resolution, the conversion price of the Note issued in April was reduced from US$4.00 per share to US$0.60 per share resulting in an additional 3,403,703 shares compared to the previously announced estimate of 599,086 in the October Prospectus.

On March 11, 2021 the Company consummated the offer and sale of an aggregate of 117,647,059 units (“Units”), each unit consisting of one ordinary share, no par value and one warrant to certain accredited investors pursuant to the previously disclosed Securities Purchase Agreement between the Company and Investors, dated as of February 24, 2021 (as amended, the “SPA”). The Company received net proceeds of US$95,000,000 from the sale of the units, after offering expenses. The units, ordinary shares, and warrants issued pursuant to the SPA were offered and sold, and the ordinary shares issuable upon the exercise of the Warrants were offered, in private placements to accredited investors. No underwriting discounts or commissions were paid with respect to such sales.

In April, 2021, Esousa Holdings LLC, Streeterville Capital LLC and Aquitas collectively acquired 99,787,027 ordinary shares, which were issued upon exercise of the warrants and accounted for no more than 9.9% of this class of share at the time of issuance.

On April 19, 2021 Mark Ziirsen was appointed as Chief Financial Officer, replacing Cheryl Durose.

On April 26, 2021, the Group received a notice from Nasdaq’s Listing Qualifications Department stating that, for the 30 consecutive business days ending April 23, 2021, the closing bid price for the Ordinary Shares had been below the minimum of $1.00 per share required for continued inclusion on the Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2). The notification letter stated that we would be afforded 180 calendar days (until October 25, 2021) to regain compliance with the minimum bid price requirement. In order to regain compliance, the closing bid price for the Ordinary Shares must be at least $1.00 per share for a minimum of ten consecutive business days. The notification letter also stated that in the event we do not regain compliance within the 180-day period, we may be eligible for additional time.

The Nasdaq notification did not have any immediate effect on the listing of the Ordinary Shares, and the Ordinary Shares continue to trade uninterrupted under the symbol “NAKD”. Naked management intends to actively monitor the bid price for the Ordinary Shares and will consider all available options to regain compliance with the Nasdaq minimum bid price requirement.

On January 21, 2021, the Company announced plans to undertake a transformative restructure in which it would dispose of its bricks-and-mortar operations in order to focus exclusively on its e-commerce business. To that end, the Company signed a non-binding and non-exclusive term sheet to divest its Bendon Limited (“Bendon”) subsidiary, to a group composed of existing management of the Company, including Justin Davis-Rice, the Executive Chairman and Chief Executive Officer of the Company, and Anna Johnson, the Chief Executive Officer of Bendon (the “Bendon Sale”). On April 23, 2021, the Company held an Extraordinary General Meeting of Shareholders, at which shareholders approved the Bendon Sale. On April 30, 2021, the Company signed a conditional share sale agreement for the Bendon Sale (the “Bendon Share Sale Agreement”) and simultaneously consummated the transactions contemplated thereby.

Following the Bendon Sale, the Group’s sole operating entity will be FOH Online Corp. (“FOH”). Through FOH, we are the exclusive licensee of the Frederick’s of Hollywood global online license, under which we sell Frederick’s of Hollywood intimates products, sleepwear and loungewear products, swimwear and swimwear accessories products, and costume products.

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Jan. 31, 2021

Summary Of Significant Accounting Policies

Going Concern

(a)

Going concern

Basis for Consolidation

(b)

Basis for consolidation

Subsidiaries

Business Combinations

(c)

Business combinations

The fair value of identifiable assets and liabilities acquired are recognised in the consolidated financial statements at the acquisition date.

All acquisition-related costs are recognised as expenses in the periods in which the costs are incurred except for costs to issue debt or equity securities.

Income Tax

(d)

Income Tax

The tax expense/(benefit) recognised in the consolidated statements of profit or loss and other comprehensive income comprises of current income tax expense plus deferred tax expense/(benefit).

Deferred tax is not provided for the following:

	●	The initial recognition of an asset or liability in a transaction that is not a business combination and at the time of the transaction, affects neither accounting profit nor taxable profit/(tax loss).
	●	Taxable temporary differences arising on the initial recognition of goodwill.
	●	Temporary differences related to investment in subsidiaries, associates and jointly controlled entities to the extent that the Group is able to control the timing of the reversal of the temporary differences and it is probable that they will not reverse in the foreseeable future.

Revenue and Other Income

(e)

Revenue and other income

Sale of goods

(i) Sale of goods - wholesale

(ii) Sale of goods - retail/e-commerce

The group operates a chain of retail stores and e-commerce websites selling lingerie products. Revenue from the sale of goods is recognised when a group entity sells a product to the customer.

Interest revenue

Interest is recognised using the effective interest method.

Other income

Other income is recognised on an accruals basis when the Group is entitled to it.

Government grants

Rent concessions

Brand Management, Administrative, Corporate and Brand Transition, Restructure and Transaction Expenses

(f)

Brand management, administrative, corporate and brand transition, restructure and transaction expenses

Borrowing Costs

(g)

Borrowing costs

All other borrowing costs are recognised as an expense in the period in which they are incurred.

Inventories

(h)

Inventories

Property, Plant and Equipment

(i)

Property, plant and equipment

Plant and equipment

Plant and equipment are measured using the cost model.

Depreciation

Property, plant and equipment, is depreciated on a straight-line basis over the asset’s useful life to the Group, commencing when the asset is ready for use.

The estimated useful lives used for each class f depreciable asset are shown below:

Fixed asset class		Useful life
Leasehold improvements		1 - 10 years
Plant, furniture, fittings and motor vehicles		3 - 7 years

Leases

(j)

Leases

The effect of applying the practical expedient is disclosed in note 24.

Right-of-use assets

Lease liabilities

Financial Instruments

(k)

Financial instruments

Financial instruments are recognised initially using trade date accounting, i.e. on the date that the Group becomes party to the contractual provisions of the instrument.

Financial Assets

(i) Classification

From 1 February 2018, the group classifies its financial assets in the following measurement categories:

	●	those to be measured subsequently at fair value (either through OCI or through profit or loss), and

	●	those to be measured at amortised cost.

The classification depends on the entity’s business model for managing the financial assets and the contractual terms of the cash flows.

The group reclassifies debt investments when and only when its business model for managing those assets changes.

(ii) Recognition and derecognition

(iii) Measurement

Financial assets with embedded derivatives are considered in their entirety when determining whether their cash flows are solely payment of principal and interest.

Debt instruments

	●	Amortised cost: Assets that are held for collection of contractual cash flows where those cash flows represent solely payments of principal and interest are measured at amortised cost. Interest income from these financial assets is included in finance income using the effective interest rate method. Any gain or loss arising on derecognition is recognised directly in profit or loss and presented in other gains/(losses) together with foreign exchange gains and losses. Impairment losses are presented as separate line item in the consolidated statement of profit or loss.
	●	FVOCI: Assets that are held for collection of contractual cash flows and for selling the financial assets, where the assets’ cash flows represent solely payments of principal and interest, are measured at FVOCI. Movements in the carrying amount are taken through OCI, except for the recognition of impairment gains or losses, interest income and foreign exchange gains and losses which are recognised in profit or loss. When the financial asset is derecognised, the cumulative gain or loss previously recognised in OCI is reclassified from equity to profit or loss and recognised in other gains/(losses). Interest income from these financial assets is included in finance income using the effective interest rate method. Foreign exchange gains and losses are presented in other gains/(losses) and impairment expenses are presented as separate line item in the consolidated statement of profit or loss.
	●	FVPL: Assets that do not meet the criteria for amortised cost or FVOCI are measured at FVPL. A gain or loss on a debt investment that is subsequently measured at FVPL is recognised in profit or loss and presented net within other gains/(losses) in the period in which it arises.

Equity instruments

(iv) Impairment

For trade receivables, the group applies the simplified approach permitted by IFRS 9, which requires expected lifetime losses to be recognised from initial recognition of the receivables.

(v) Subsequent measurement

Subsequent recoveries of amounts previously written off are credited against other expenses in profit or loss.

Financial liabilities

The Group’s financial liabilities include borrowings, trade and other payables (including finance lease liabilities), which are measured at amortised cost using the effective interest rate method.

All of the Group’s derivative financial instruments that are not designated as hedging instruments are accounted for at fair value through profit or loss.

Impairment of Non-financial Assets

(l)

Impairment of non-financial assets

At the end of each reporting period the Group determines whether there is an evidence of an impairment indicator for non-financial assets.

Where an indicator exists and regardless for goodwill, indefinite life intangible assets and intangible assets not yet available for use, the recoverable amount of the asset is estimated.

Where assets do not operate independently of other assets, the recoverable amount of the relevant cash-generating unit (CGU) is estimated.

Where the recoverable amount is less than the carrying amount, an impairment loss is recognised in profit or loss.

Reversal indicators are considered in subsequent periods for all assets which have suffered an impairment loss, except for goodwill.

Cash and Cash Equivalents

(m)

Cash and cash equivalents

Trade and Other Receivables

(n)

Trade and other receivables

Trade receivables are recognised initially at fair value and subsequently measured at amortised cost using the effective interest method, less provision for impairment.

Trade and Other Payables

(o)

Trade and other payables

Intangibles

(p)

Intangibles

Goodwill

Goodwill is carried at cost less accumulated impairment losses. Goodwill is calculated as the excess of the sum of:

i) the consideration transferred;

ii) any non-controlling interest; and

iii) the acquisition date fair value of any previously held equity interest;

over the acquisition date fair value of net identifiable assets acquired in a business combination.

Patents and Licences

Software

Software has a finite life and is carried at cost less any accumulated amortisation and impairment losses. It has an estimated useful life of between one and three years.

Brands

Brand assets relate to brands owned by the Group that have arisen on historical acquisitions. These assets were initially measured at fair value.

Amortisation

Amortisation methods, useful lives and residual values are reviewed at each reporting date and adjusted if appropriate.

Employee Benefits

(q)

Employee benefits

(i)

Short-term obligations

(ii)

Other long-term employee benefit obligations

(iii)

Share based payments for cash settled phantom warrants

Provisions

(r)

Provisions

Provisions recognised represent the best estimate of the amounts required to settle the obligation at the end of the reporting period.

(i)

Onerous contract provision

(ii)

Make good provision

Earnings/(Loss) Per Share

(s)

Earnings/(loss) per share

(i) Basic earnings/(loss) per share

Basic earnings/(loss) per share is calculated by dividing:

●

the profit/(loss) attributable to owners of the Group, excluding any costs of servicing equity other than ordinary shares

●

by the weighted average number of ordinary shares outstanding during the financial year.

(ii) Diluted earnings/(loss) per share

Diluted earnings/(loss) per share adjusts the figures used in the determination of basic earnings per share to take into account:

●

the after income tax effect of interest and other financing costs associated with dilutive potential ordinary shares, and

●

the weighted average number of additional ordinary shares that would have been outstanding assuming the conversion of all dilutive potential ordinary shares.

Borrowings

(t)

Borrowings

Borrowings are classified as current liabilities unless the Group has an unconditional right to defer settlement of the liability for at least 12 months or more after the reporting period.

Convertible Notes

(u)

Convertible Notes

Share Capital

(v)

Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of ordinary shares are recognised as a deduction from equity, net of any tax effects.

Foreign Currency Transactions and Balances

(w)

Foreign currency transactions and balances

Transaction and balances

Foreign currency transactions are recorded at the spot rate on the date of the transaction.

At the end of the reporting period:

●

Foreign currency monetary items are translated using the closing foreign currency rate;

●

Non-monetary items that are measured at historical cost are translated using the exchange rate at the date of the transaction; and

●

Non-monetary items that are measured at fair value are translated using the rate at the date when fair value was determined.

Group companies

The financial results and position of foreign operations whose functional currency is different from the Group’s presentation currency are translated as follows:

	●	assets and liabilities are translated at period-end exchange rates prevailing at that reporting date;

	●	income and expenses are translated at average exchange rates for the period where the average rate approximates the rate at the date of the transaction; and

	●	retained earnings are translated at the exchange rates prevailing at the date of the transaction.

Operating Segments

(x)

Operating segments

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jan. 31, 2021

Summary Of Significant Accounting Policies

Disclosure of Detailed Information About Estimated Useful Lives of Property, Plant and Equipment

The estimated useful lives used for each class f depreciable asset are shown below:

Fixed asset class		Useful life
Leasehold improvements		1 - 10 years
Plant, furniture, fittings and motor vehicles		3 - 7 years

Revenue (Tables)

12 Months Ended

Jan. 31, 2021

Disclosure of disaggregation of revenue from contracts with customers [abstract]

Disclosure of Detailed Information About Revenue from Continuing Operations

Revenue from continuing operations
	For the Year Ended 31 January 2021 NZ$000’s			For the Year Ended 31 January 2020 NZ$000’s			For the Year Ended 31 January 2019 NZ$000’s
Gross revenue		81,155			93,302			120,278
Rebates		(1,116	)		(3,237	)		(8,358	)
		80,039			90,065			111,920
Sale of goods by channel
- Retail		40,492			42,576			50,443
- Wholesale		7,496			15,553			29,394
- Online		32,051			31,936			32,083
		80,039			90,065			111,920
Sales of goods by geography
- New Zealand		34,131			33,786			40,703
- Australia		21,011			24,365			32,065
- United States		24,432			30,863			34,156
- Europe		465			1,051			4,996
		80,039			90,065			111,920

Loss for the Period (Tables)

12 Months Ended

Jan. 31, 2021

Loss For Period

Disclosure of Detailed Information About Profit Loss from Operating Activities

The loss for the period was derived after charging/(crediting):

	For the Year Ended 31 January 2021 NZ$000’s			For the Year Ended 31 January 2020 NZ$000’s			For the Year Ended 31 January 2019 NZ$000’s

Staff costs (see note 10)¹		30,175			28,009			31,380
Depreciation of property, plant and equipment (see note 18)		1,098			1,338			2,151
Depreciation of right-of-use assets (see note 19)		7,144			8,676			-
Amortisation of acquired intangibles (see note 20)²		458			589			231
Impairment of Plant and equipment (see note 18)		341			491			281
Impairment of right-of-use assets (see note 19)		1,221			-			-
Impairment of intangible assets (see note 20)		3,333			8,413			7,892
Loss on disposal of property, plant and equipment		134			322			232
Other income
- Proceeds from Government wage subsidies		(2,878	)		-			-
- Rent concessions received		(1,345	)		-			-
Brand transition, restructure and transaction expense
- Transaction expenses		3,009			9,597			9,267
- Agreed settlement of debt		5,701			-			-
- Contract termination costs		2,175			4,696			-
Operating lease rentals
- Land and buildings		-			-			9,236
- Other		-			-			524
Gain on sale of intangible assets		-			(906	)		-
Auditor’s remuneration (note 11)		743			679			1,050

Finance Expense (Tables)

12 Months Ended

Jan. 31, 2021

Finance Expense

Disclosure of Detailed Information About Finance Expense

	For the Year Ended 31 January 2021 NZ$000’s			For the Year Ended 31 January 2020 NZ$000’s			For the Year Ended 31 January 2019 NZ$000’s
- Interest expense on external borrowings		1,256			1,608			2,338
- Interest expense on convertible loan notes		5,681			1,425			-
- Interest expense on leases (see note 19)		1,405			1,674			-
- Interest (income)/expense on shareholder loans*		-			(165	)		1,062
- Amortisation of loan set up costs		(128	)		671			641
		8,214			5,213			4,041

* In the prior year, the shareholder loan payable was derecognised resulting in a reversal of interest expense.

Other Foreign Currency (Gains)/Losses (Tables)

12 Months Ended

Jan. 31, 2021

Other Foreign Currency Gainslosses

Disclosure of Detailed Information About Foreign Currency (Gains)/Losses

	For the Year Ended 31 January 2021 NZ$000’s			For the Year Ended 31 January 2020 NZ$000’s			For the Year Ended 31 January 2019 NZ$000’s
- Fair value (gain)/loss on foreign exchange contracts		-			(729	)		1,065
- Net foreign exchange loss/(gain)		(3,642	)		114			(3,027	)
		(3,642	)		(615	)		(1,963

Staff Costs (Tables)

12 Months Ended

Jan. 31, 2021

Staff Costs

Disclosure of Detailed Information About Employee Benefits Expense

	For the Year Ended 31 January 2021 NZ$000’s		For the Year Ended 31 January 2020 NZ$000’s		For the Year Ended 31 January 2019 NZ$000’s
Employee benefits expense:
- Salaries and wages*		29,443		26,920		30,872
- Defined contribution expenses		732		1,089		508
		30,175		28,009		31,380

Auditor's Remuneration (Tables)

12 Months Ended

Jan. 31, 2021

Auditors Remuneration

Schedule of Auditor Remuneration

	For the Year Ended 31 January 2021 NZ$000’s		For the Year Ended 31 January 2020 NZ$000’s		For the Year Ended 31 January 2019 NZ$000’s
Pricewaterhouse Coopers Australia
- Audit fees		-		-		477
- Taxation fees		-		-		33
- Other		-		10		403
Total remuneration to Pricewaterhouse Coopers Australia		-		10		913

Network firms of Pricewaterhouse Coopers Australia
- Taxation services		-		-		137

BDO Audit Pty Ltd
- Audit fees		593		403		-
- Other		150		266		-
Total remuneration to BDO Audit Pty Ltd		743		669		-
Total Auditor Remuneration		743		679		1,050

Fair Value Loss on Convertible Notes Derivative and Warrants (Tables)

12 Months Ended

Jan. 31, 2021

Fair Value Loss On Convertible Notes Derivative And Warrants

Disclosure of Detailed Information About Fair Value Loss on Convertible Notes Derivative and Warrants

For the Year Ended 31
January 2021
NZ$000’s

For the Year
Ended 31
January 2020
NZ$000’s

For the Year Ended 31
January 2019
NZ$000’s

Fair value loss on Convertible Notes and warrants

26,552

775

Income Tax Expense/(Benefit) (Tables) - Bendon Limited [Member]

12 Months Ended

Jan. 31, 2021

Income taxes [Line Items]

Disclosure of Detailed Information About Major Components of Tax Expense Income

(a)

The major components of tax expense/(benefit) comprise:

	For the Year Ended 31 January 2021 NZ$000’s		For the Year Ended 31 January 2020 NZ$000’s		For the Year Ended 31 January 2019 NZ$000’s
Current tax
Current tax on profits for the period		27		28		(667	)
Adjustments for current tax of prior periods		107		53		(607	)
Total current tax expense/(benefit)		134		81		(1,274	)
Deferred tax expense
Decrease in deferred tax assets (note 31)		-		701		-
Income tax expense/(benefit) for continuing operations		134		782		(1,274	)

Disclosure of Detailed Information About Reconciliation of Accounting Profit Multiplied by Applicable Tax Rates

(b) Reconciliation of income tax to accounting profit:

Loss before income tax	(68,212	)	(53,523	)	(50,494	)
Tax at New Zealand tax rate of 28%	(19,099	)	(14,986	)	(14,138	)
Tax effect of:
- permanent differences (including impairment expense)	16,299		5,108		753
- adjustments in respect of current income tax of previous years	107		32		(522	)
- effects of different tax rates of subsidiaries operating in other jurisdictions	(1	)	(301	)	493
- deferred tax assets relating to the current year not brought to account	2,910		10,163		12,077
- deferred tax assets relating to prior periods no longer recognised (note 31)	-		701		-
- other	(12	)	65		63
Income tax expense/(benefit)	134		782		(1,274	)

Disclosure of Detailed Information About Tax Losses Not Recognised

For the Year
Ended 31
January 2021
NZ$000’s

For the Year

Ended 31

January 2020

NZ$000’s

For the Year

Ended 31

January 2019

NZ$000’s

Unused tax losses for which no deferred tax asset has been recognised

177,275

166,882

130,587

Potential tax benefit at 28%

49,637

46,727

36,564

Disclosure of Detailed Information About Temporary Differences Not Recognised

(d) Temporary differences not recognised

For the Year Ended 31
January 2021
NZ$000’s

For the Year

Ended 31

January 2020

NZ$000’s

For the Year

Ended 31

January 2019

NZ$000’s

Temporary differences for which no deferred tax asset has been recognised

10,115

9,825

14,504

Potential tax benefit at 28%

2,832

2,751

4,061

Operating Segment (Tables)

12 Months Ended

Jan. 31, 2021

Operating Segments

Disclosure of Reconciliation of Segment Revenue to Profit or Loss and Other Comprehensive Income

(a)

Reconciliations

Reconciliation of segment revenue to consolidated statements of profit or loss and other comprehensive income:

	For the Year Ended 31 January 2021 NZ$000’s			For the Year Ended 31 January 2020 NZ$000’s			For the Year Ended 31 January 2019 NZ$000’s
Total segment revenue		89,590			104,153			136,842
Intersegment eliminations		(9,551	)		(14,088	)		(24,922	)
Total revenue		80,039			90,065			111,920

Disclosure of Reconciliation of Segment EBITDA to Profit or Loss and Other Comprehensive Income

The Board meets on a monthly basis to assess the performance of each segment, net operating profit does not include non-operating revenue and expenses such as dividends, fair value gains and losses.

	For the Year Ended 31 January 2021 NZ$000’s			For the Year Ended 31 January 2020 NZ$000’s			For the Year Ended 31 January 2019 NZ$000’s
Segment EBITDA		690			(16,167	)		(25,602	)
Any other reconciling items		(68,902	)		(37,356	)		(24,892	)
Income tax (expense)/benefit		(134	)		(782	)		1,274
Total net loss after tax		(68,346	)		(54,305	)		(49,220	)

Disclosure of Detailed Information About Geographical Information

(b)

Geographical information

In presenting information on the basis of geographical segments, segment revenue is based on the geographical location of customers whereas segment assets are based on the location of the assets.

	For the Year Ended 31 January 2021 NZ$000’s		For the Year Ended 31 January 2020 NZ$000’s		For the Year Ended 31 January 2019 NZ$000’s
New Zealand		34,131		33,786		40,703
Australia		21,011		24,365		32,065
United States		24,432		30,863		34,156
Europe		465		1,051		4,996
		80,039		90,065		111,920

Disclosure of Detailed Information About Segment Performance

(c)

Segment performance

	Retail NZ$000’s			Wholesale NZ$000’s			e-commerce NZ$000’s			Unallocated NZ$000’s			Total NZ$000’s
For the year ended 31 January 2021
Revenue		40,492			7,496			32,051			-			80,039
		40,492			7,496			32,051			-			80,039
Cost of goods sold		(19,188	)		(4,636	)		(21,604	)		(719	)		(46,147	)
Gross profit		21,304			2,860			10,447			(719	)		33,892
Other segment expenses*		(17,359	)		(1,425	)		(10,096	)		-			(28,880	)
Unallocated expenses
Administrative expenses		-			-			-			(856	)		(856	)
Corporate expenses		-			-			-			(9,350	)		(9,350	)
Other income		-			-			-			4,223			4,223
Other foreign exchange gain		-			-			-			1,661			1,661
EBITDA		3,945			1,435			351			(5,041	)		690
Brand transition, restructure and transaction expenses		-			-			-			(22,527	)		(22,527	)
Finance expense		-			-			-			(8,214	)		(8,214	)
Interest income		-			-			-			5			5
Impairment expense		-			-			-			(4,895	)		(4,895	)
Depreciation and amortisation		-			-			-			(8,700	)		(8,700	)
Fair value gain on foreign exchange contracts		-			-			-			-			-
Unrealised foreign exchange gain		-			-			-			1,981			1,981
Fair value loss on Convertible Notes derivative		-			-			-			(26,552	)		(26,552	)
Income/(loss) before income tax expense		3,945			1,435			351			(73,943	)		(68,212	)
Income tax expense		-			-			-			(134	)		(134	)
Income/(loss) after income tax expense		3,945			1,435			351			(74,077	)		(68,346	)

* Other segment expenses relate to brand management expenses.

	Retail NZ$000’s			Wholesale NZ$000’s			e-commerce NZ$000’s			Unallocated NZ$000’s			Total NZ$000’s
For the year ended 31 January 2020
Revenue		42,576			15,554			31,935			-			90,065
		42,576			15,554			31,935			-			90,065
Cost of goods sold		(19,582	)		(11,342	)		(20,916	)		(4,407	)		(56,247	)
Gross profit		22,994			4,211			11,020			(4,407	)		33,818
Other segment expenses*		(18,784	)		(3,112	)		(13,659	)		-			(35,555	)
*Unallocated expenses*
Administrative expenses		-			-			-			(1,234	)		(1,234	)
Corporate expenses		-			-			-			(12,772	)		(12,772	)
Other foreign exchange loss		-			-			-			(424	)		(424	)
EBITDA		4,210			1,099			(2,639	)		(18,837	)		(16,167	)
Brand transition, restructure and transaction expenses**		-			-			-			(13,687	)		(13,687	)
Finance expense		-			-			-			(5,213	)		(5,213	)
Interest income		-			-			-			12			12
Impairment expense		-			-			-			(8,904	)		(8,904	)
Depreciation and amortisation		-			-			-			(10,603	)		(10,603	)
Fair value gain on foreign exchange contracts		-			-			-			729			729
Unrealised foreign exchange gain		-			-			-			310			310
Fair value gain/(loss) on Convertible Notes derivative		-			-			-			-			-
Income/(loss) before income tax expense		4,210			1,099			(2,639	)		(56,193	)		(53,523	)
Income tax expense		-			-			-			(782	)		(782	)
Income/(loss) after income tax expense		4,210			1,099			(2,639	)		(56,975	)		(54,305	)

* Other segment expenses relate to brand management expenses.

** Brand transition, restructure and transaction expenses are shown net of proceeds from the sale of Naked brand and trademarks.

	Retail NZ$000’s			Wholesale NZ$000’s			e-commerce NZ$000’s			Unallocated NZ$000’s			Total NZ$000’s
For the year ended 31 January 2019
Revenue		50,348			29,439			32,133			-			111,920
		50,348			29,439			32,133			-			111,920
Cost of goods sold		(24,616	)		(24,582	)		(21,248	)		(4,034	)		(74,480	)
Gross profit		25,732			4,857			10,885			(4,034	)		37,440
Other segment expenses*		(24,540	)		(9,667	)		(11,247	)		—			(45,454	)
*Unallocated expenses*
Administrative expenses		-			-			-			(1,050	)		(1,050	)
Corporate expenses		-			-			-			(17,947	)		(17,947	)
Other foreign exchange gain		-			-			-			1,409			1,409
EBITDA		1,192			(4,810	)		(362	)		(21,622	)		(25,602	)
Brand transition, restructure and transaction expenses		-			-			-			(10,075	)		(10,075	)
Finance expense		-			-			-			(4,041	)		(4,041	)
Impairment expense		-			-			-			(8,173	)		(8,173	)
Depreciation and amortisation		-			-			-			(2,382	)		(2,382	)
Fair value loss on foreign exchange contracts		-			-			-			(1,704	)		(1,704	)
Unrealised foreign exchange gain		-			-			-			2,258			2,258
Fair value loss on Convertible Notes derivative		-			-			-			(775	)		(775	)
Income/(loss) before income tax expense		1,192			(4,810	)		(362	)		(46,514	)		(50,494	)
Income tax benefit		-			-			-			1,274			1,274
Income/(loss) after income tax expense		1,192			(4,810	)		(362	)		(45,240	)		(49,220	)

* Other segment expenses relate to brand management expenses and some corporate expenses.

Cash and Cash Equivalents (Tables)

12 Months Ended

Jan. 31, 2021

Cash and cash equivalents [abstract]

Schedule of Cash and Cash Equivalents

	31 January 2021 NZ$000’s		31 January 2020 NZ$000’s
Cash on hand		38		44
Cash at bank		90,887		3,747
		90,925		3,791

Trade and Other Receivables (Tables)

12 Months Ended

Jan. 31, 2021

Trade and other receivables [abstract]

Schedule of Trade and Other Receivables

		31 January 2021 NZ$000’s			31 January 2020 NZ$000’s

Trade receivables			1,645			2,358
Provision for impairment	(a)		(183	)		(22	)
			1,462			2,336
Prepayments			6,304			2,959
Other receivables			368			762
Total current trade and other receivables			8,134			6,057

Disclosure of Impairment of Receivable

The loss allowance provision as at 31 January 2021 is determined as follows, the expected credit losses incorporate forward looking information.

31 January 2021	0 - 30 days			31 - 60 days			61 - 90 days			> 91 days overdue			Total
Expected loss rate (%)		2	%		50	%		46	%		60	%
Gross carrying amount ($)		1,370			6			39			230			1,645
ECL provision		26			3			17			137			183

Disclosure of Impairment Loss and Reversal of Impairment Loss

Reconciliation of changes in the provision for impairment of receivables is as follows:

	For the Year Ended 31 January 2021 NZ$000’s			For the Year Ended 31 January 2020 NZ$000’s
Opening impairment allowance calculated under IFRS 9		(22	)		(609	)
Movement through provision		(247	)		(4	)
Unused amounts reversed		85			616
Foreign exchange movement		1			(25	)
Balance at end of the period		(183	)		(22	)

Inventories (Tables)

12 Months Ended

Jan. 31, 2021

Disclosure of inventories [Abstract]

Disclosure of Detailed Information About Inventories

	31 January 2021 NZ$000’s			31 January 2020 NZ$000’s
Finished goods		17,708			24,034
Provision for impairment		(1,112	)		(495	)
		16,596			23,539

Property, Plant and Equipment (Tables)

12 Months Ended

Jan. 31, 2021

Disclosure of detailed information about property, plant and equipment [abstract]

Disclosure of Detailed Information About Property, Plant and Equipment

	31 January 2021 NZ$000’s			31 January 2020 NZ$000’s
Leasehold Improvements
At cost		8,598			11,456
Accumulated depreciation and impairment		(7,898	)		(9,690	)
		700			1,766
Plant, furniture, fittings and motor vehicles
At cost		25,610			24,850
Accumulated depreciation		(23,333	)		(23,579	)
		2,277			1,271

Total property, plant and equipment		2,977			3,037

Disclosure of Detailed Information About Movements in Carrying Amounts of Property, Plant and Equipment

Movement in the carrying amounts for each class of property, plant and equipment between the beginning and the end of the current financial period:

	Leasehold improvements NZ$000’s			Plant, furniture, fittings and motor vehicles NZ$000’s			Total NZ$000’s
Year ended 31 January 2021
Balance at the beginning of year		1,766			1,271			3,037
Additions		23			1,475			1,498
Disposals		(131	)		(6	)		(137	)
Depreciation expense		(640	)		(458	)		(1,098	)
Reclassification		-			-			-
Impairment loss		(341	)		-			(341	)
Adjustment to make good asset		-			-			-
Foreign exchange movements		23			(5	)		18
Balance at the end of the year		700			2,277			2,977

Year ended 31 January 2020
Balance at the beginning of year	3,264		499		3,763
Additions	191		1,103		1,294
Disposals	(28	)	(324	)	(352	)
Depreciation expense	(461	)	(877	)	(1,338	)
Reclassification	(1,070	)	1,120		50
Impairment loss	(213	)	(278	)	(491	)
Adjustment to make good asset	14		-		14
Foreign exchange movements	69		28		97
Balance at the end of the year	1,766		1,271		3,037

Right-of-Use Assets (Tables)

12 Months Ended

Jan. 31, 2021

Right-of-use Assets

Disclosure of Right-of-Use Assets

Right-of-use assets related to leased properties that do not meet the definition of investment property are presented as property, plant and equipment (see note 16).

	Land & Buildings			Plant, furniture, fittings and motor vehicles			Total
	NZ $000’s			NZ $000’s			NZ $000’s
Balance as at 1 February		23,392			417			23,809
Additions to right-of-use-assets		2,700			100			2,800
Depreciation charge for the year		(6,982	)		(162	)		(7,144	)
Impairment of right-of-use assets		(1,221	)		-			(1,221	)
Foreign exchange movements		157			-			157
Balance at 31 January 2021		18,046			355			18,401

	Land & Buildings			Plant, furniture, fittings and motor vehicles			Total
	NZ $000’s			NZ $000’s			NZ $000’s
Balance as at 1 February		25,616			542			26,158
Additions to right-of-use-assets		6,255			72			6,327
Depreciation charge for the year		(8,479	)		(197	)		(8,676	)
Balance at 31 January 2020		23,392			417			23,809

Disclosure of Amounts Recognised in Profit or Loss

Amounts recognised in profit or loss

	2021		2020
	NZ $000’s		NZ $000’s

Interest expense on lease liabilities		1,405		1,674

Intangible Assets (Tables)

12 Months Ended

Jan. 31, 2021

Disclosure of detailed information about intangible assets [abstract]

Disclosure of Detailed Information About Intangible Assets

	31 January 2021 NZ$000’s			31 January 2020 NZ$000’s
Goodwill
Cost		5,516			6,091
Accumulated impairment		(5,516	)		(6,091	)
		-			-
Patents and licences
Cost		22,863			25,151
Accumulated amortisation and impairment		(3,649	)		(3,489	)
		19,214			21,662
Brands
Cost		12,253			12,032
Accumulated amortisation and impairment		(8,810	)		(5,401	)
		3,443			6,631
Software and Website
Cost		15,749			15,548
Accumulated amortisation and impairment		(15,557	)		(15,548	)
		192			-
Total Intangible assets		22,849			28,293

Disclosure of Detailed Information About Movements in Carrying Amounts of Intangible Assets

(a)

Movements in carrying amounts of intangible assets

	Goodwill NZ$000’s		Patents and licences NZ$000’s			Brands NZ$000’s			Software and Website NZ$000’s			Total NZ$000’s
Year ended 31 January 2021
Balance at the beginning of the year		-		21,662			6,631			-			28,293
Additions		-		-			-			211			211
Amortisation		-		(442	)		-			(16	)		(458	)
Impairment (note 7)		-		-			(3,333	)		-			(3,333	)
Foreign exchange movements		-		(2,006	)		145			(3	)		(1,864	)
Closing value at 31 January 2021		-		19,214			3,443			192			22,849

	Goodwill NZ$000’s			Patents and licences NZ$000’s			Brands NZ$000’s			Software and Website NZ$000’s			Total NZ$000’s

Year ended 31 January 2020
Balance at the beginning of the year		2,320			25,075			10,205			263			37,863
Adjustments*		-			(2,310	)		-			-			(2,310	)
Amortisation		-			(589	)		-			-			(589	)
Impairment (note 7)		(2,480	)		(2,037	)		(3,694	)		(202	)		(8,413	)
Reclassification		-			-			-			(50	)		(50	)
Foreign exchange movements		160			1,523			120			(11	)		1,792
Closing value at 31 January 2020		-			21,662			6,631			-			28,293

Disclosure of Information for Cash-generating Units

For the purpose of impairment testing, goodwill is allocated to cash-generating units as below:

Description of the cash-generating unit (CGU)

For the Year Ended 31 January 2021
NZ $000’s

For the Year Ended 31 January 2020

NZ $000’s

United States

2,480

Impairment of goodwill

2,480

Disclosure of Impairment of Intangible Assets

	For the Year Ended 31 January 2021 NZ $000’s		For the Year Ended 31 January 2020 NZ $000’s

FOH licence		-		1,914
Naked patents & licence		-		123
Impairment of patents & licences		-		2,037

Disclosure of Detailed Information About Impairment of Indefinite-lived Brand Intangibles

Brand intangible assets represent brands owned by the Group, that arose on historical acquisitions including Pleasure State, Davenport and Lovable.

	For the Year Ended 31 January 2021 NZ $000’s	For the Year Ended 31 January 2020 NZ $000’s

Pleasure State	2,002	125
Davenport and Lovable	1,331	1,439
Naked	-	2,130
Impairment of indefinite-lived brand intangibles	3,333	3,694

Trade and Other Payables (Tables)

12 Months Ended

Jan. 31, 2021

Trade And Other Payables

Disclosure of Detailed Information About Trade and Other Current Payables

	31 January 2021 NZ$000’s		31 January 2020 NZ$000’s
Current:
Trade payables		6,250		10,407
Accruals		7,250		8,593
Employee benefit liabilities		15,228		3,430
		28,728		22,430

Borrowings (Tables)

12 Months Ended

Jan. 31, 2021

Schedule Of Fair Value Measurement Of Assets And Liabilities [Text Block]

Disclosure of Detailed Information About Borrowings

	31 January 2021 NZ$000’s			31 January 2020 NZ$000’s
Amounts due in less than one year:
Secured liabilities:
Bank loans		14,500			17,900
Debt issuance costs in relation to bank loan		(7	)		-
Other loan		-			1,315
		14,493			19,215
Amounts due after more than one year:
Unsecured liabilities:
Convertible loan notes		3,002			19,698
		3,002			19,698
		17,495			38,913

Provisions (Tables)

12 Months Ended

Jan. 31, 2021

Provisions [abstract]

Disclosure of Detailed Information About Provisions

	31 January 2021 NZ$000’s		31 January 2020 NZ$000’s
Current:
Other provisions		92		5,205
Make good		778		639
		870		5,844

	31 January 2021 NZ$000’s		31 January 2020 NZ$000’s
Non-current:
Make good		1,212		1,796
		1,212		1,796

Disclosure of Detailed Information About Reconciliation of Changes in Other Provisions

	Lease contributions NZ$000’s		Other provisions NZ$000’s			Make good NZ$000’s			Total NZ$000’s
Opening balance at 1 February 2020		-		5,205			2,435			7,640
Additional provisions recognised		-		-			26			26
Amounts used during the period		-		(5,113	)		(506	)		(5,619	)
Exchange differences		-		-			35			35
Balance at 31 January 2021		-		92			1,990			2,082

	Lease contributions NZ$000’s			Other provisions NZ$000’s		Make good NZ$000’s			Total NZ$000’s
Opening balance at 1 February 2019		1,085			-		2,208			3,293
Impact of IFRS 16*		(1,102	)		-		-			(1,102	)
Additional provisions recognised		-			5,205		307			5,512
Amounts used during the period		-			-		(64	)		(80	)
Exchange differences		17			-		(16	)		1
Balance at 31 January 2020		-			5,205		2,435			7,640

Lease Liabilities (Tables)

12 Months Ended

Jan. 31, 2021

Lease liabilities [abstract]

Disclosure of Detailed Information About Undiscounted Contractual Maturity of Lease Liabilities

Undiscounted contractual maturity of lease liabilities

	31 January 2021 NZ$000’s		31 January 2020 NZ$000’s
Amounts payable:
Within one year		6,955		8,112
2 to 5 years inclusive		13,661		17,553
After 5 years		936		166
		24,059		25,831

Share Capital (Tables)

12 Months Ended

Jan. 31, 2021

Disclosure of classes of share capital [abstract]

Disclosure of Detailed Information About Share Capital

31 January 2021
NZ$000’s

31 January 2020

NZ$000’s

446,582,604 (2020: 4,697,204) Ordinary shares

338,498

170,193

Disclosure of Detailed Information About Ordinary Shares Explanatory

	For the Year Ended 31 January 2021 NZ$000’s		For the Year Ended 31 January 2020 NZ$000’s
At the beginning of the reporting period		170,193		134,183
Issuance of new shares
- Cash collected from sale of new share issuances and cash exercise of warrants		93,693		12,586
- Shares issued in lieu of agreed settlement		5,503		-
- Conversion of debt		1,689		-
- Shares issued in lieu of inventory payment		-		15, 525
- Shares issued in lieu of related party loan		-		1,546
- Convertible notes converted to equity		67,420		5,979
Warrants issued		-		374
At the end of the reporting period		338,498		170,193

Disclosure of Detailed Information About Gearing Ratio

The gearing ratio for the years ended 31 January 2021 and 31 January 2020 are as follows:

	Note		31 January 2021 NZ$000’s			31 January 2020 NZ$000’s
Total borrowings		22		17,495			38,913
Less Cash and cash equivalents		15		(90,925	)		(3,791	)
Net cash)/ net debt				(73,430	)		35,122
Equity				89,191			(6,284	)
Total capital				15,788			28,838
Gearing ratio				20	%		(619	)%

Disclosure of Detailed Information About Warrants Outstanding

The following warrants were outstanding as at 31 January 2021 (31 January 2020: 610,122).

Average Exercise Price (USD)	Issue Date	Expiry Date	No. of warrants
	Mar-19	Mar-21		42,285
	Mar-19	Mar-23		14,000
$0.01 - $0.50	Apr-19	Apr-22		500
	May-19	May-21		10,000
	Jul-19	May-25		170,100
	Aug-19	Feb-25		285,714
	Aug-19	Aug-24		22,857
$1.51 - $2.00	Nov-17	Nov-21		2,000
	Oct-18	Oct-21		20,000
$2.01 - $4.00	Jun-18	Jun-23		8,000
	Mar-19	Mar-21		3,922
$4.01+	May-18	May-21		2,816
Total number of outstanding warrants as at 31 January 2021				582,194

Reserves (Tables)

12 Months Ended

Jan. 31, 2021

Disclosure of reserves within equity [abstract]

Disclosure of Detailed Information About Reserves Within Equity

	31 January 2021 NZ$000’s			31 January 2020 NZ$000’s
Foreign currency translation reserve
Opening balance		118			(2,013	)
Transfers in		(4,484	)		2,131
Balance at the end of the year		(4,366	)		118

Loss Per Share (Tables)

12 Months Ended

Jan. 31, 2021

Loss per share for profit from continuing operations attributable to the ordinary equity holders of the Group:

Disclosure of Detailed Information About Earning Loss Per Share

(a)

Basic and diluted loss per share

For the Year
Ended
31 January 2021
NZ$

For the Year

Ended
31 January 2020

NZ$

From continuing operations attributable to the ordinary equity holders of the Group

(0.62

)

(34.74

)

Total basic and diluted loss per share attributable to the ordinary equity holders of the Group

(0.62

)

(34.74

)

(b)

Reconciliation of loss used in calculating loss per share

For the Year
Ended
31 January 2021
NZ$000’s

For the Year

Ended
31 January 2020

NZ$000’s

Basic and diluted loss per share

Loss attributable to the ordinary equity holders of the Group used in calculating basic earnings per share:

(68,346

)

(54,305

)

(c)

Weighted average number of shares used as the denominator

31 January 2021
Number

31 January 2020

Number

Weighted average number of ordinary shares used as the denominator in calculating basic and diluted loss per share

109,370,410

1,563,056

Accumulated Losses (Tables)

12 Months Ended

Jan. 31, 2021

Fair value gain loss on convertible notes derivative

Disclosure of Detailed Information About Retained Earnings Accumulated Losses

	Year Ended 31 January 2021 NZ$000’s			Year Ended 31 January 2020 NZ$000’s
Accumulated losses at the beginning of the financial year		(176,595	)		(121,651	)
Adoption of IFRS 16		-			(639	)
Loss for the year		(68,346	)		(54,305	)
Accumulated losses at end of the financial year		(244,941	)		(176,595	)

Other Financial Commitments (Tables)

12 Months Ended

Jan. 31, 2021

Other Financial Commitments

Disclosure of Detailed Information About Contracted Commitments Explanatory

	31 January 2021 NZ$000’s		31 January 2020 NZ$000’s
Licence contract
- not later than one year		-		5,392
- between one year and five years		-		-
		-		5,392

Financial Risk Management (Tables)

12 Months Ended

Jan. 31, 2021

Disclosure of Financial Assets

The financial assets of the Group were as follows:

	31 January 2021 NZ$000’s		31 January 2020 NZ$000’s
- Cash and cash equivalents		90,925		3,791
- Trade receivables		1,462		2,336
		92,387		6,127

Disclosure of Financial Risk Management

The Group’s liabilities have contractual maturities which are summarised below, it should be noted these amounts are undiscounted contractual cash flows as required by IFRS 7:

	Non-derivatives Borrowings NZ$000’s		Non-derivatives Trade payables NZ$000’s		Non-derivatives Total NZ$000’s		Derivatives Gross future cash settlement on forward currency contracts - inflow NZ$000’s		Derivatives Gross future cash settlement on forward currency contracts - (outflow) NZ$000’s		Derivatives Total NZ$000’s
Not later than 1 month
31 January 2021		48		6,250		6,289		-		-		-
31 January 2020		2,052		10,407		12,459		-		-		-
1 to 3 months
31 January 2021		14,596		-		14,596		-		-		-
31 January 2020		18,044		-		18,044		-		-		-
3 months to 1 year
31 January 2021		-		-		-		-		-		-
31 January 2020		-		-		-		-		-		-
1 to 5 years
31 January 2021		4,256		-		4,256		-		-		-
31 January 2020		28,764		-		28,764		-		-		-

Total
31 January 2021		18,900		6,250		25,150		-		-		-
31 January 2020		48,860		10,407		59,267		-		-		-

Disclosure of Credit Risk Exposure

	31 January 2021 NZ$000’s		31 January 2020 NZ$000’s		31 January 2019 NZ$000’s
Trade receivables
Counterparty without external credit ratings
New customer less than 6 months		-		-		42
Existing customers (more than 6 months with default in past)		1,645		2,358		7,747
Total		1,645		2,358		7,789

Cash at bank	31 January 2021 NZ$000’s	31 January 2020 NZ$000’s	31 January 2019 NZ$000’s
Credit ratings
AA-	90,887	3,747	1,915
A+	-	-	-
Total	90,887	3,747	1,915

Disclosure of Market Risk

Foreign currency denominated financial assets and liabilities, translated into New Zealand Dollars at the closing rate, are as follows:

	AUD NZ$000’s		USD NZ$000’s			GBP NZ$000’s		EUR NZ$000’s		HKD NZ$000’s		Total NZ$000’s
31 January 2021
Nominal amounts
Trade receivables		-		(2	)		13		90		-		101
Trade payables		20		741			-		-		-		761
Cash and cash equivalents		9,943		78,506			89		12		2		88,552
31 January 2020
Nominal amounts
Trade receivables		-		19			20		441		-		480
Trade payables		12		4,068			85		1		2		4,168
Cash and cash equivalents		1,500		747			85		5		4		2,341
31 January 2019
Nominal amounts
Trade receivables		51		42			-		285		-		378
Trade payables		1		9,035			8		61		7		9,112
Cash and cash equivalents		623		149			38		8		11		829

Disclosure of Detailed Information About Hedging Instruments

The following table summarises the notional amount of the Group’s commitments in relation to forward exchange contracts.

Notional Amounts

Average Exchange Rate

31 January 2021
NZ$000’s

31 January 2020

NZ$000’s

31 January 2019

NZ$000’s

31 January 2021
$

31 January 2020

31 January 2019

Buy USD / sell NZD

Settlement

Less than 6 months

34,395

0.6620

NZ$000’s

NZ$000’s

Buy AUD / sell NZD

Settlement

Less than 6 months

Disclosure of Financial Instruments by Type of Interest Rate

	31 January 2021 NZ$000’s		31 January 2020 NZ$000’s
Floating rate instruments
Bank overdrafts		-		-
Working capital financing bank facility		-		-
Convertible notes		-		-
Borrowings		14,500		17,900
		14,500		17,900

Currency risk [member]

Sensitivity Analysis for Types of Market Risk

	NZ$000’s
		+10%		-10%
USD
Net results/Equity (31 January 2021)		(460	)	460
Net results/Equity (31 January 2020)		(594	)	594
Net results/Equity (31 January 2019)		(954	)	954
AUD
Net results/Equity (31 January 2021)		(2	)	2
Net results/Equity (31 January 2020)		(1	)	1
Net results/Equity (31 January 2019)		(5	)	5
GBP
Net results/Equity (31 January 2021)		(9	)	9
Net results/Equity (31 January 2020)		(16	)	16
Net results/Equity (31 January 2019)		(1	)	1
EUR
Net results/Equity (31 January 2021)		(10	)	10
Net results/Equity (31 January 2020)		(42	)	42
Net results/Equity (31 January 2019)		(32	)	32
HKD
Net results/Equity (31 January 2021)		-		-
Net results/Equity (31 January 2020)		-		-
Net results/Equity (31 January 2019)		(1	)	1

Interest Rate Risk [Member]

Sensitivity Analysis for Types of Market Risk

	NZ$000’s
	1.00%		-1.00%

Net results/Equity (31 January 2021)		145		(145	)
Net results/Equity (31 January 2020)		179		(179	)

Tax Assets and Liabilities (Tables)

12 Months Ended

Jan. 31, 2021

Disclosure of temporary difference, unused tax losses and unused tax credits [abstract]

Reconciliation of Changes in Deferred Tax Liability Asset

	Opening Balance NZ$000’s			Charged to Income NZ$000’s			Charged directly to Equity NZ$000’s		Changes in Tax Rate NZ$000’s		Exchange Differences NZ$000’s		Closing Balance NZ$000’s
Deferred tax assets/(liabilities)
Carried forward tax losses		630			-			-		-		-		630
Intangible assets		(630	)		-			-		-		-		(630	)
Balance at 31 January 2021		-			-			-		-		-		-

Carried forward tax losses		1,322			(701	)		-		-		9		630
Intangible assets		(630	)		-			-		-		-		(630	)
Balance at 31 January 2020		692			(701	)		-		-		9		-

Dividends (Tables)

12 Months Ended

Jan. 31, 2021

Disclosure of dividends [Abstract]

Disclosure of Detailed Information About Dividends Explanatory

31 January 2021
NZ$000’s

31 January 2020

NZ$000’s

Australian franking credits available for subsequent financial years at a tax rate of 30%

3,995

3,995

New Zealand imputation credits available for subsequent financial years at a tax rate of 28%

236

236

Key Management Personnel Remuneration (Tables)

12 Months Ended

Jan. 31, 2021

Key Management Personnel Remuneration

Disclosure of Detailed Information About Key Management Personnel

Key management personnel remuneration included within employee expenses for the period is shown below:

For the Year Ended
31 January 2021
NZ$000’s

For the Year Ended
31 January 2020

NZ$000’s

For the Year Ended
31 January 2019

NZ$000’s

Short-term employee benefits*

13,865

3,182

2,056

13,865

3,182

2,056

Interests in Subsidiaries (Tables)

12 Months Ended

Jan. 31, 2021

Disclosure of subsidiaries [abstract]

Disclosure of Composition of Group

Composition of the Group

	Principal place of business / Country of Incorporation	Percentage Owned (%)* 31 January 2021		Percentage Owned (%)* 31 January 2020		Percentage Owned (%)* 31 January 2019
Subsidiaries:
Bendon Retail Limited	New Zealand		100		100		100
Bendon Holdings Limited	New Zealand		100		100		100
Bendon Holdings Pty Limited	Australia		100		100		100
Bendon Pty Limited	Australia		100		100		100
Bendon Intimates Pty Limited	Australia		100		100		100
PS Holdings No. 1 Pty Limited	Australia		100		100		100
Pleasure State Pty Limited	Australia		100		100		100
Pleasure State (HK) Limited	Hong Kong		100		100		100
Bendon UK Limited	United Kingdom		100		100		100
Bendon USA Inc	United States of America		100		100		100
Bendon Limited	New Zealand		100		100		100
Naked Brand Inc.	United States of America		100		100		100
FOH Online Corp Inc.	United States of America		100		100		100

*The percentage of ownership interest held is equivalent to the percentage voting rights for all subsidiaries.

Fair Value Measurement (Tables)

12 Months Ended

Jan. 31, 2021

Disclosure of detailed information about profit loss from operating activities in connection with specific expenses [Text Block]

Schedule of Fair Value Measurement of Assets and Liabilities

The table below shows the assigned level for each asset and liability held at fair value by the Group:

31 January 2021

Level 1
NZ$000’s

Level 2
NZ$000’s

Level 3
NZ$000’s

Total
NZ$000’s

Recurring fair value measurements

Financial assets

Foreign exchange contracts

Financial liabilities

Foreign exchange contracts

Financial derivative liabilities

629

Phantom warrant liabilities

11,642

31 January 2020

Level 1

NZ$000’s

Level 2

NZ$000’s

Level 3

NZ$000’s

Total

NZ$000’s

Recurring fair value measurements

Financial assets

Foreign exchange contracts

Financial liabilities

Foreign exchange contracts

Financial derivative liabilities

Related Parties (Tables)

12 Months Ended

Jan. 31, 2021

Disclosure of transactions between related parties [abstract]

Disclosure of Transactions Between Related Parties

	Opening balance NZ$000s			Closing balance NZ$000s
Loans to related parties
Whitespace Atelier Limited - 31 January 2021		-			-
Whitespace Atelier Limited - 31 January 2020		282			-
Loans from related parties
SBL Holdings - 31 January 2021		-			-
SBL Holdings - 31 January 2020		(1449	)		-
EJ Watson – 31 January 2021		-			-
EJ Watson – 31 January 2020		(2,289	)		-

Cash Flow Information (Tables)

12 Months Ended

Jan. 31, 2021

Cash Flow Information

Schedule of Cash Flow Information

Reconciliation of net income to net cash provided by operating activities:

	For the Year Ended 31 January 2021 NZ$000’s			For the Year Ended 31 January 2020 NZ$000’s			For the Year Ended 31 January 2019 NZ$000’s
Loss for the year		(68,346	)		(54,305	)		(49,220	)
Cash flows excluded from profit attributable to operating activities
- interest paid on borrowings		1,256			2,868			3,400
- gain on sale of intangible assets		-			(906	)		-
Non-cash flows in profit:
- Interest on convertible note borrowings		5,681			-			-
- depreciation and amortisation expense		8,700			10,603			2,382
- impairment expense		4,895			8,904			8,173
- shares issued in lieu of inventory payment		-			5,942			-
- shares issued for agreed settlement		5,701			-			-
- fair value on warrants issued		-			371			-
- fair value loss/(gain) on convertible notes derivative		26,552			-			775
Changes in assets and liabilities:
- (increase)/decrease in trade and other receivables		(2,082	)		2,901			14,267
- (increase)/decrease in current tax receivables		2			368			(355	)
- (increase)/decrease in inventories		6,604			(1,912	)		13,350
- (increase)/decrease in deferred tax asset/(liability)		-			711			(692	)
- (increase)/decrease in related party receivables		-			282			6,531
- increase/(decrease) in trade and other payables		6,037			402			(5,681	)
- increase/(decrease) in income taxes payable		205			(140	)		226
- increase/(decrease) in provisions		(5,622	)		5,534			(522	)
- increase/(decrease) in foreign currency derivative liability		-			(1,484	)		(1,712	)
- net exchange differences		(601	)		(33	)		(355	)
Cashflows from operations		(11,018	)		(19,894	)		(9,434	)

Schedule of Non-cash Investing and Financing Activities

	For the Year Ended 31 January 2021 NZ$000’s		For the Year Ended 31 January 2020 NZ$000’s		For the Year Ended 31 January 2019 NZ$000’s
Shares issued in lieu of inventory payment		-		15,525		-
Shares issued in lieu of agreed debt		5,701		-		-
Shares issued on conversion of debt		1,689		-		-
Warrants issued		-		371		-
		7,192		15,896		-

Description of Business (Details Narrative) - NZD ($) $ in Thousands	Jan. 31, 2020	Jan. 28, 2020	Jan. 31, 2021
Statement Line Items [Line Items]
Inventory	$ 23,539		$ 16,596
Licence Agreement [Member] \| Heidi Klum [Member]
Statement Line Items [Line Items]
Inventory	400
US [Member] \| Licence Agreement [Member] \| Heidi Klum [Member]
Statement Line Items [Line Items]
Termination fees	$ 3,500
Gogogo SRL [Member] \| US [Member]
Statement Line Items [Line Items]
Sale of rights, title and interest		$ 600

Summary of Significant Accounting Policies (Details Narrative) - NZD ($) $ in Thousands	3 Months Ended	12 Months Ended
	May 16, 2021	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Statement Line Items [Line Items]
Profit/(loss) after income tax		$ (68,346)	$ (54,305)	$ (49,220)
Cash flows from (used in) operating activities		(11,018)	(19,894)	(9,434)
Net current liability		63,800	54,300
Assets (liabilities)		89,191	(6,284)
Gross profit		33,892	33,818	37,440
Other costs		14,800
Other foreign currency gains		3,642	615	1,963
Government subsidies		4,200
Fair value adjustment of convertible notes		26,600
Increase in capital		113,000
Repayment of bank debt		3,400	$ 2,100	$ 18,489
Rent concessions		1,300
Cash		300
Maximum [Member]
Statement Line Items [Line Items]
Net current liability		$ 14,000
Licences [member] \| Maximum [Member]
Statement Line Items [Line Items]
Intangibles estimated useful life		50 years
Licences [member] \| Minimum [Member]
Statement Line Items [Line Items]
Intangibles estimated useful life		5 years
Events occurring after reporting date [Member]
Statement Line Items [Line Items]
Increase in capital	$ 298,300
Repayment of bank debt	$ 14,500
New Zealand [Member]
Statement Line Items [Line Items]
Profit/(loss) after income tax		$ 2,000
Proceeds from government grants		2,000
Australia [Member]
Statement Line Items [Line Items]
Profit/(loss) after income tax		500
Proceeds from government grants		$ 900

Summary of Significant Accounting Policies - Disclosure of Detailed Information About Estimated Useful Lives of Property, Plant and Equipment (Details)	12 Months Ended
	Jan. 31, 2021
Leasehold Improvements [Member] \| Minimum [Member]
Statement Line Items [Line Items]
Estimated useful lives	1 year
Leasehold Improvements [Member] \| Maximum [Member]
Statement Line Items [Line Items]
Estimated useful lives	10 years
Plant, Furniture, Fittings and Motor Vehicles [Member] \| Minimum [Member]
Statement Line Items [Line Items]
Estimated useful lives	3 years
Plant, Furniture, Fittings and Motor Vehicles [Member] \| Maximum [Member]
Statement Line Items [Line Items]
Estimated useful lives	7 years

Revenue - Disclosure of Detailed Information About Revenue from Continuing Operations (Details) - NZD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Statement Line Items [Line Items]
Gross revenue	$ 81,155	$ 93,302	$ 120,278
Rebates	(1,116)	(3,237)	(8,358)
Revenue	80,039	90,065	111,920
Sale of goods	80,039	90,065	111,920
New Zealand [Member]
Statement Line Items [Line Items]
Revenue	34,131	33,786	40,703
Australia [Member]
Statement Line Items [Line Items]
Revenue	21,011	24,365	32,065
United States [Member]
Statement Line Items [Line Items]
Revenue	24,432	30,863	34,156
Europe [Member]
Statement Line Items [Line Items]
Revenue	465	1,051	4,996
Retail [Member]
Statement Line Items [Line Items]
Sale of goods	40,492	42,576	50,443
Wholesale [Member]
Statement Line Items [Line Items]
Sale of goods	7,496	15,553	29,394
Online [Member]
Statement Line Items [Line Items]
Sale of goods	$ 32,051	$ 31,936	$ 32,083

Loss for the Period - Disclosure of Detailed Information About Profit Loss from Operating Activities (Details) - NZD ($)
$ in Thousands

12 Months Ended

Jan. 31, 2021

Jan. 31, 2020

Jan. 31, 2019

Loss For Period

Staff costs (see note 10)

^[1]

$ 30,175

$ 28,009

$ 31,380

Depreciation of property, plant and equipment (see note 18)

1,098

1,338

2,151

Depreciation of right-of-use assets (see note 19)

7,144

8,676

Amortisation of acquired intangibles (see note 20)

^[2]

458

589

231

Impairment of Plant and equipment (see note 18)

341

491

281

Impairment of right-of-use assets (see note 19)

1,221

Impairment of intangible assets (see note 20)

3,333

8,413

7,892

Loss on disposal of property, plant and equipment

134

322

232

Other income - Proceeds from Government wage subsidies

4,223

Other income - Rent concessions received

(1,345)

Brand transition, restructure and transaction expense - Transaction expenses

3,009

9,597

9,267

Brand transition, restructure and transaction expense - Agreed settlement of debt

5,701

Brand transition, restructure and transaction expense - Contract termination costs

2,175

4,696

Operating lease rentals - Land and buildings

9,236

Operating lease rentals - Other

524

Gain on sale of intangible assets

(906)

Auditor's remuneration (note 11)

$ 743

$ 679

$ 1,050

[1]	Staff costs include an accrual of $11.6m for phantom warrants which has been recognised in the brand transition, restructure and transaction expense line in the consolidated statement of profit or loss and other comprehensive income
[2]	Amortisation charges on the Group's intangible assets are recognised in the administrative expenses line of the consolidated statement of profit or loss and other comprehensive income.

Loss for the Period - Disclosure of Detailed Information About Profit Loss from Operating Activities (Details) (Parenthetical) - NZD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Loss For Period
Staff costs for warrants	$ 11,600	$ 11,600	$ 11,600

Finance Expense - Disclosure of Detailed Information About Finance Expense (Details) - NZD ($)
$ in Thousands

12 Months Ended

Jan. 31, 2021

Jan. 31, 2020

Jan. 31, 2019

Finance Expense

Interest expense on external borrowings

$ 1,256

$ 1,608

$ 2,338

Interest expense on convertible loan notes

5,681

1,425

Interest expense on leases (see note 19)

1,405

1,674

Interest (income)/expense on shareholder loans

^[1]

(165)

1,062

Amortisation of loan set up costs

(128)

671

641

Defined contribution expenses

$ 8,214

$ 5,213

$ 4,041

[1]	In the prior year, the shareholder loan payable was derecognised resulting in a reversal of interest expense.

Other Foreign Currency (Gains)/Losses - Disclosure of Detailed Information About Foreign Currency (Gains)/Losses (Details) - NZD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Other Foreign Currency Gainslosses
Fair value (gain)/loss on foreign exchange contracts		$ (729)	$ 1,065
Net foreign exchange loss/(gain)	(3,642)	114	(3,027)
Other foreign currency (gains)/losses	$ (3,642)	$ (615)	$ (1,963)

Staff Costs - Disclosure of Detailed Information About Employee Benefits Expense (Details) - NZD ($)
$ in Thousands

12 Months Ended

Jan. 31, 2021

Jan. 31, 2020

Jan. 31, 2019

Staff Costs

Salaries and wages

^[1]

$ 29,443

$ 26,920

$ 30,872

732

1,089

508

Employee benefits expense

^[2]

$ 30,175

$ 28,009

$ 31,380

[1]

Included in the current year's $29.4m is an accrual for phantom warrants of $11.6m which has been recognised as a brand transition, restructure and transaction expense in the consolidated statement of profit or loss and other comprehensive income. The Group uses the Black Scholes option pricing model to determine the fair value of the phantom warrants which have an exercise price of US$0.37 which vests in three tranches being 21 January 2021, 21 July 2021 and 21 January 2022 equal to 1.50% of the outstanding shares of the Company on the vesting date. There are no conditions or restrictions to receiving the benefit of all the phantom warrants for the full bonus calculation period. Each tranche of phantom warrants may be exercised for cash at any time in the three year period following vesting date and as such is recognised as a liability.

[2]

Staff costs include an accrual of $11.6m for phantom warrants which has been recognised in the brand transition, restructure and transaction expense line in the consolidated statement of profit or loss and other comprehensive income

Staff Costs - Disclosure of Detailed Information About Employee Benefits Expense (Details) (Parenthetical) - NZD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Staff Costs
Restructure and transaction expenses	$ 29,400	$ 29,400	$ 29,400
Accural of warrant	$ 11,600	$ 11,600	$ 11,600
Exercise price of warrant	$ 0.37	$ 0.37	$ 0.37
Vesting percentage of outstanding shares	1.05%	1.05%	1.05%

Auditor's Remuneration - Schedule of Auditor Remuneration (Details) - NZD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Statement Line Items [Line Items]
Total remuneration	$ 743	$ 679	$ 1,050
Pricewaterhouse Coopers Australia [Member]
Statement Line Items [Line Items]
Audit fees			477
Taxation fees			33
Other		10	403
Total remuneration		10	913
Network firms of Pricewaterhouse Coopers Australia [Member]
Statement Line Items [Line Items]
Taxation fees			137
BDO Audit Pty Ltd Australia [Member]
Statement Line Items [Line Items]
Audit fees	593	403
Other	150	266
Total remuneration	$ 743	$ 669	$ 1,050

Fair Value Loss on Convertible Notes Derivative and Warrants (Details Narrative) - NZD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Fair Value Loss On Convertible Notes Derivative And Warrants
Fair value loss on convertible notes derivative and warrants	$ 26,552		$ 775

Fair Value Loss on Convertible Notes Derivative and Warrants - Disclosure of Detailed Information About Fair Value Loss on Convertible Notes Derivative and Warrants (Details) - NZD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Fair Value Loss On Convertible Notes Derivative And Warrants
Fair value loss on convertible notes derivative and warrants	$ 26,552		$ 775

Income Tax Expense/(Benefit) (Details Narrative) $ in Thousands	Jan. 31, 2021 NZD ($)
Income taxes [Abstract]
Deferred tax assets	$ 701

Income Tax Expense/(Benefit) - Disclosure of Detailed Information About Major Components of Tax Expense Income (Details) - NZD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Income taxes [Abstract]
Current tax on profits for the period	$ 27	$ 28	$ (667)
Adjustments for current tax of prior periods	107	53	(607)
Total current tax expense/(benefit)	134	81	(1,274)
Decrease in deferred tax assets (note 31)		701
Income tax expense/(benefit) for continuing operations	$ 134	$ 782	$ (1,274)

The aggregate amount included in the determination of profit (loss) for the period in respect of current tax and deferred tax. [Refer: Current tax expense (income); Deferred tax expense (income)]

Income Tax Expense/(Benefit) - Disclosure of Detailed Information About Reconciliation of Accounting Profit Multiplied by Applicable Tax Rates (Details) - NZD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Income taxes [Abstract]
Loss before income tax	$ (68,212)	$ (53,523)	$ (50,494)
Tax at New Zealand tax rate of 28%	(19,099)	(14,986)	(14,138)
Tax effect of: permanent differences (including impairment expense)	16,299	5,108	753
Tax effect of: adjustments in respect of current income tax of previous years	107	32	(522)
Tax effect of: effects of different tax rates of subsidiaries operating in other jurisdictions	(1)	(301)	493
Tax effect of: deferred tax assets relating to the current year not brought to account	2,910	10,163	12,077
Tax effect of: deferred tax assets relating to prior periods no longer recognised (note 31)		701
Tax effect of: other	(12)	65	63
Income tax expense/(benefit)	$ 134	$ 782	$ (1,274)

Income Tax Expense/(Benefit) - Disclosure of Detailed Information About Reconciliation of Accounting Profit Multiplied by Applicable Tax Rates (Details) (Parenthetical)	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Income taxes [Abstract]
Applicable tax rate	28.00%	28.00%	28.00%

Income Tax Expense/(Benefit) - Disclosure of Detailed Information About Tax Losses Not Recognised (Details) - NZD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Income taxes [Abstract]
Unused tax losses for which no deferred tax asset has been recognised	$ 177,275	$ 166,882	$ 130,587
Potential tax benefit at 28%	$ 49,637	$ 46,727	$ 36,564

Income Tax Expense/(Benefit) - Disclosure of Detailed Information About Temporary Differences Not Recognised (Details) - NZD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Income taxes [Abstract]
Temporary differences for which no deferred tax asset has been recognised	$ 10,115	$ 9,825	$ 14,504
Potential tax benefit at 28%	$ 2,832	$ 2,751	$ 4,061

Operating Segment (Details Narrative)	12 Months Ended
Operating Segment (Details Narrative)	Jan. 31, 2021 Integer
Operating Segments
Number of reportable segments	3

Operating Segment - Disclosure of Reconciliation of Segment Revenue to Profit or Loss and Other Comprehensive Income (Details) - NZD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Operating Segments
Total segment revenue	$ 89,590	$ 104,153	$ 136,842
Intersegment eliminations	(9,551)	(14,088)	(24,922)
Total external revenue	$ 80,039	$ 90,065	$ 111,920

The income arising in the course of an entity's ordinary activities. Income is increases in assets, or decreases in liabilities, that result in increases in equity, other than those relating to contributions from holders of equity claims.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Operating Segment - Disclosure of Reconciliation of Segment EBITDA to Profit or Loss and Other Comprehensive Income (Details) - NZD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Operating Segments
Segment EBITDA	$ 690	$ (16,167)	$ (25,602)
Any other reconciling items	(68,902)	(37,356)	(24,892)
Income tax (expense)/benefit	(134)	(782)	1,274
Profit/(loss) after income tax	$ (68,346)	$ (54,305)	$ (49,220)

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Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 18
-Subparagraph b
-URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=7&code=ifrs-tx-2020-en-r&anchor=para_18_b&doctype=Standard
-URIDate 2020-01-01

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 1
-IssueDate 2020-01-01
-Paragraph 24
-Subparagraph b
-URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=1&code=ifrs-tx-2020-en-r&anchor=para_24_b&doctype=Standard
-URIDate 2020-01-01

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 1
-IssueDate 2020-01-01
-Paragraph 32
-Subparagraph a
-Clause ii
-URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=1&code=ifrs-tx-2020-en-r&anchor=para_32_a_ii&doctype=Standard
-URIDate 2020-01-01

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 8
-IssueDate 2020-01-01
-Paragraph 28
-Subparagraph b
-URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=8&code=ifrs-tx-2020-en-r&anchor=para_28_b&doctype=Standard
-URIDate 2020-01-01

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Note Effective on first application of IFRS 9
-Name IFRS
-Number 4
-IssueDate 2020-01-01
-Paragraph 39L
-Subparagraph e
-URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=4&code=ifrs-tx-2020-en-b&anchor=para_39L_e&doctype=Standard
-URIDate 2020-01-01

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 8
-IssueDate 2020-01-01
-Paragraph 23
-URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=8&code=ifrs-tx-2020-en-r&anchor=para_23&doctype=Standard
-URIDate 2020-01-01

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Name IFRS
-Number 12
-IssueDate 2020-01-01
-Paragraph B10
-Subparagraph b
-URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2020-en-r&anchor=para_B10_b&doctype=Appendix&subtype=B
-URIDate 2020-01-01

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Name IAS
-Number 1
-IssueDate 2020-01-01
-Paragraph 106
-Subparagraph d
-Clause i
-URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2020-en-r&anchor=para_106_d_i&doctype=Standard
-URIDate 2020-01-01

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Note Effective 2021-01-01
-Name IFRS
-Number 17
-IssueDate 2020-01-01
-Paragraph 113
-Subparagraph b
-URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=17&code=ifrs-tx-2020-en-r&anchor=para_113_b&doctype=Standard
-URIDate 2020-01-01

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name IAS
-Number 1
-IssueDate 2020-01-01
-Paragraph 81A
-Subparagraph a
-URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2020-en-r&anchor=para_81A_a&doctype=Standard
-URIDate 2020-01-01

Operating Segments - Disclosure of Detailed Information About Geographical Information (Details) - NZD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Statement Line Items [Line Items]
Revenue	$ 80,039	$ 90,065	$ 111,920
New Zealand [Member]
Statement Line Items [Line Items]
Revenue	34,131	33,786	40,703
Australia [Member]
Statement Line Items [Line Items]
Revenue	21,011	24,365	32,065
United States [Member]
Statement Line Items [Line Items]
Revenue	24,432	30,863	34,156
Europe [Member]
Statement Line Items [Line Items]
Revenue	$ 465	$ 1,051	$ 4,996

Operating Segment - Disclosure of Detailed Information About Segment Performance (Details) - NZD ($)
$ in Thousands

12 Months Ended

Jan. 31, 2021

Jan. 31, 2020

Jan. 31, 2019

$ 80,039

$ 90,065

$ 111,920

(46,147)

(56,247)

(74,480)

33,892

33,818

37,440

(9,556)

(11,837)

(3,432)

(9,350)

(12,772)

(14,145)

4,223

(3,642)

(615)

(1,963)

Brand transition, restructure and transaction expenses

690

(16,167)

(25,602)

(22,527)

(14,593)

(10,075)

(8,214)

(5,213)

(4,041)

(68,212)

(53,523)

(50,494)

(134)

(782)

1,274

Operating segments [Member]

(68,346)

(54,305)

(49,220)

80,039

90,065

111,920

80,039

90,065

111,920

(46,147)

(56,247)

(74,480)

33,892

33,818

37,440

(28,880)

^[1]

(35,555)

^[1]

(45,454)

^[2]

(856)

(1,234)

(1,050)

(9,350)

(12,772)

(17,947)

4,223

1,661

(424)

1,409

Brand transition, restructure and transaction expenses

690

(16,167)

(25,602)

(22,527)

(13,687)

^[3]

(10,075)

(8,214)

(5,213)

(4,041)

(4,895)

(8,904)

(8,173)

(8,700)

(10,603)

(2,382)

729

(1,704)

1,981

310

2,258

(26,552)

(775)

(68,212)

(53,523)

(50,494)

(134)

(782)

1,274

Operating segments [Member] | New Zealand Retail [Member]

(68,346)

(54,305)

(49,220)

40,492

42,576

50,348

40,492

42,576

50,348

(19,188)

(19,582)

(24,616)

21,304

22,994

25,732

(17,359)

^[1]

(18,784)

^[1]

(24,540)

^[2]

Brand transition, restructure and transaction expenses

3,945

4,210

1,192

^[3]

3,945

4,210

1,192

Operating segments [Member] | New Zealand Wholesale [Member]

3,945

4,210

1,192

7,496

15,554

29,439

7,496

15,554

29,439

(4,636)

(11,342)

(24,582)

2,860

4,211

4,857

(1,425)

^[1]

(3,112)

^[1]

(9,667)

^[2]

Brand transition, restructure and transaction expenses

1,435

1,099

(4,810)

^[3]

1,435

1,099

(4,810)

Operating segments [Member] | E-Commerce [Member]

1,435

1,099

(4,810)

32,051

31,935

32,133

32,051

31,935

32,133

(21,604)

(20,916)

(21,248)

10,447

11,020

10,885

(10,096)

^[1]

(13,659)

^[1]

(11,247)

^[2]

Brand transition, restructure and transaction expenses

351

(2,639)

(362)

^[3]

351

(2,639)

(362)

Operating segments [Member] | Unallocated [member]

351

(2,639)

(362)

(719)

(4,407)

(4,034)

(719)

(4,407)

(4,034)

^[1]

^[2]

(856)

(1,234)

(1,050)

(9,350)

(12,772)

(17,947)

4,223

1,661

(424)

1,409

Brand transition, restructure and transaction expenses

(5,041)

(18,837)

(21,622)

(22,527)

(13,687)

^[3]

(10,075)

(8,214)

(5,213)

(4,041)

(4,895)

(8,904)

(8,173)

(8,700)

(10,603)

(2,382)

729

(1,704)

1,981

310

2,258

(26,552)

(775)

(73,943)

(56,193)

(46,514)

(134)

(782)

1,274

Disclosure of detailed information about intangible assets [line items]

$ (74,077)

$ (56,975)

$ (45,240)

[1]	Other segment expenses relate to brand management expenses.
[2]	Other segment expenses relate to brand management expenses and some corporate expenses.
[3]	Brand transition, restructure and transaction expenses are shown net of proceeds from the sale of Naked brand and trademarks.

Cash and Cash Equivalents - Schedule of Cash and Cash Equivalents (Details) - NZD ($) $ in Thousands	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2018
Cash and cash equivalents [abstract]
Cash on hand	$ 38	$ 44
Cash at bank	90,887	3,747
Cash and cash equivalents	$ 90,925	$ 3,791	$ 1,962	$ 10,739

Trade and Other Receivables (Details Narrative)	Jan. 31, 2021	Jan. 31, 2020
Trade and other receivables [abstract]
Percentage of recognised loss allowance against identifiable receivables	60.00%	100.00%

Trade and Other Receivables - Schedule of Trade and Other Receivables (Details) - NZD ($) $ in Thousands	Jan. 31, 2021	Jan. 31, 2020
Trade and other receivables [abstract]
Trade receivables	$ 1,645	$ 2,358
Provision for impairment	(183)	(22)
Trade Receivables Net	1,462	2,336
Prepayments	6,304	2,959
Other receivables	368	762
Total current trade and other receivables	$ 8,134	$ 6,057

Trade and Other Receivables - Disclosure of Impairment of Receivable (Details) - NZD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020
Statement Line Items [Line Items]
Gross carrying amount ($)	$ 1,462	$ 2,336
ECL provision	$ 183
0 - 30 Days [Member]
Statement Line Items [Line Items]
Expected loss rate (%)	2.00%
Gross carrying amount ($)	$ 1,370
ECL provision	$ 26
31 - 60 Days [Member]
Statement Line Items [Line Items]
Expected loss rate (%)	50.00%
Gross carrying amount ($)	$ 6
ECL provision	$ 3
61 - 90 Days [Member]
Statement Line Items [Line Items]
Expected loss rate (%)	46.00%
Gross carrying amount ($)	$ 39
ECL provision	$ 17
> 90 Days [Member]
Statement Line Items [Line Items]
Expected loss rate (%)	60.00%
Gross carrying amount ($)	$ 230
ECL provision	$ 137

Trade and Other Receivables - Disclosure of Impairment Loss and Reversal of Impairment Loss (Details) - NZD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020
Trade and other receivables [abstract]
Balance at beginning of the period (calculated in accordance with IAS 139)	$ (22)	$ (609)
Opening impairment allowance calculated under IFRS 9	(22)	(609)
Movement through provision	(247)	(4)
Unused amounts reversed	85	616
Foreign exchange movement	1	(25)
Balance at end of the period	$ (183)	$ (22)

Inventories (Details Narrative) - NZD ($) $ in Thousands	12 Months Ended
Inventories (Details Narrative) - NZD ($) $ in Thousands	Jan. 31, 2021	Jan. 31, 2020
Disclosure of inventories [Abstract]
Inventory write-down	$ 617	$ 51

Inventories - Disclosure of Detailed Information About Inventories (Details) - NZD ($) $ in Thousands	Jan. 31, 2021	Jan. 31, 2020
Disclosure of inventories [Abstract]
Finished goods	$ 17,708	$ 24,034
Provision for impairment	(1,112)	(495)
Current inventories	$ 16,596	$ 23,539

Property, Plant and Equipment - Disclosure of Detailed Information About Property, Plant and Equipment (Details) - NZD ($) $ in Thousands	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Statement Line Items [Line Items]
Property, plant and equipment	$ 2,977	$ 3,037	$ 3,763
Leasehold Improvements [Member]
Statement Line Items [Line Items]
Property, plant and equipment	700	1,766	3,264
Leasehold Improvements [Member] \| At Cost [Member]
Statement Line Items [Line Items]
Property, plant and equipment	8,598	11,456
Leasehold Improvements [Member] \| Accumulated Depreciation and Impairment [Member]
Statement Line Items [Line Items]
Property, plant and equipment	(7,898)	(9,690)
Plant, Furniture, Fittings and Motor Vehicles [Member]
Statement Line Items [Line Items]
Property, plant and equipment	2,277	1,271	$ 499
Plant, Furniture, Fittings and Motor Vehicles [Member] \| At Cost [Member]
Statement Line Items [Line Items]
Property, plant and equipment	25,610	24,850
Plant, Furniture, Fittings and Motor Vehicles [Member] \| Accumulated Depreciation and Impairment [Member]
Statement Line Items [Line Items]
Property, plant and equipment	$ (23,333)	$ (23,579)

Property, Plant and Equipment - Disclosure of Detailed Information About Movements in Carrying Amounts of Property, Plant and Equipment (Details) - NZD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Statement Line Items [Line Items]
Balance at the beginning of the period	$ 3,037	$ 3,763
Additions	1,498	1,294
Disposals	(137)	(352)
Depreciation expense	(1,098)	(1,338)
Reclassification		50
Impairment loss	(341)	(491)	$ (281)
Adjustment to make good asset		14
Foreign exchange movements	18	97
Balance at the end of the period	2,977	3,037	3,763
Leasehold Improvements [Member]
Statement Line Items [Line Items]
Balance at the beginning of the period	1,766	3,264
Additions	23	191
Disposals	(131)	(28)
Depreciation expense	(640)	(461)
Reclassification		(1,070)
Impairment loss	(341)	(213)
Adjustment to make good asset		14
Foreign exchange movements	23	69
Balance at the end of the period	700	1,766	3,264
Plant, Furniture, Fittings and Motor Vehicles [Member]
Statement Line Items [Line Items]
Balance at the beginning of the period	1,271	499
Additions	1,475	1,103
Disposals	(6)	(324)
Depreciation expense	(458)	(877)
Reclassification		1,120
Impairment loss		(278)
Adjustment to make good asset
Foreign exchange movements	(5)	28
Balance at the end of the period	$ 2,277	$ 1,271	$ 499

Right-of-Use Assets (Details Narrative)	12 Months Ended
Right-of-Use Assets (Details Narrative)	Jan. 31, 2021
Right-of-use Assets
Lease term	5 years

Right-of-Use Assets - Disclosure of Right-of-Use Assets (Details) - NZD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Statement Line Items [Line Items]
Balance as at 1 February	$ 23,809	$ 26,158
Additions to right-of-use-assets	2,800	6,327
Depreciation charge for the period	(7,144)	(8,676)
Impairment of right-of-use assets	(1,221)
Foreign exchange movements	157
Balance at 31 July 2020	18,401	23,809	26,158
Land and Buildings [Member]
Statement Line Items [Line Items]
Balance as at 1 February	23,392	25,616
Additions to right-of-use-assets	2,700	6,255
Depreciation charge for the period	(6,982)	(8,479)
Impairment of right-of-use assets	(1,221)
Foreign exchange movements	157
Balance at 31 July 2020	18,046	23,392	25,616
Plant, Furniture, Fittings and Motor Vehicles [Member]
Statement Line Items [Line Items]
Balance as at 1 February	417	542
Additions to right-of-use-assets	100	72
Depreciation charge for the period	(162)	(197)
Impairment of right-of-use assets
Foreign exchange movements
Balance at 31 July 2020	$ 355	$ 417	$ 542

Right-of-Use Assets - Disclosure of Amounts Recognised in Profit or Loss (Details) - NZD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Right-of-use Assets
Interest of lease liabilities (Note 6b)	$ 1,405	$ 1,674

Intangible Assets (Details Narrative) - NZD ($) $ in Thousands		12 Months Ended
	Jan. 28, 2020	Jan. 31, 2021	Jan. 31, 2020
Disclosure of detailed information about intangible assets [line items]
Impairment of intangible assets		$ 3,443	$ 6,631
Impairment loss recognised in profit or loss, goodwill			2,480
Software impairments			202,000
Development costs			$ 200,000
Consideration of intangible asset		906
Gain on sale of intangible assets		906
US [Member]
Disclosure of detailed information about intangible assets [line items]
Consideration of intangible asset		600
Gain on sale of intangible assets		$ 600
Gogogo SRL [Member] \| US [Member]
Disclosure of detailed information about intangible assets [line items]
Sale of rights, title and interest	$ 600
FOH License [Member]
Disclosure of detailed information about intangible assets [line items]
Cash flow forecast period		5 years	5 years
Post-tax discount rate		105.00%	10.50%
Long term sales growth rate		2.00%	2.00%
FOH License [Member] \| FY2022 [Member]
Disclosure of detailed information about intangible assets [line items]
Sales growth		12.00%
FOH License [Member] \| FY2023 [Member]
Disclosure of detailed information about intangible assets [line items]
Sales growth		7.50%
FOH License [Member] \| FY2024 [Member]
Disclosure of detailed information about intangible assets [line items]
Sales growth		5.00%
FOH License [Member] \| FY2025 [Member]
Disclosure of detailed information about intangible assets [line items]
Sales growth		4.00%
FOH License [Member] \| FY2022 and FY2026 [Member] \| Minimum [Member]
Disclosure of detailed information about intangible assets [line items]
Sales growth		5.00%
Net margin		31.00%
EBITDA margin		3.00%
FOH License [Member] \| FY2022 and FY2026 [Member] \| Maximum [Member]
Disclosure of detailed information about intangible assets [line items]
Sales growth		9.00%
Net margin		35.00%
EBITDA margin		10.00%
Brands [Member]
Disclosure of detailed information about intangible assets [line items]
Sales growth		0.00%
Cash flow forecast period		5 years	5 years
Long term sales growth rate		2.00%	2.00%
Fair value less costs		$ 3,300
Royalty rate		5.00%	5.00%
Brands [Member] \| Minimum [Member]
Disclosure of detailed information about intangible assets [line items]
Sales growth			5.00%
Brands [Member] \| Maximum [Member]
Disclosure of detailed information about intangible assets [line items]
Sales growth			9.00%
US Brands [Member]
Disclosure of detailed information about intangible assets [line items]
Post-tax discount rate		10.50%	10.50%
NZ Brands [Member]
Disclosure of detailed information about intangible assets [line items]
Post-tax discount rate		15.50%	11.75%
Impairment Testing for Indefinite-Lived Brand Intangibles [Member]
Disclosure of detailed information about intangible assets [line items]
Post-tax discount rate		0.80%	2.10%
Impairment of intangible assets		$ 141,000	$ 1,047,000
Impairment of indefinite asset rate description		The sensitivities that have been separately modelled are as follows: (a) a 0.8% increase in the post-tax discount rate (b) 1.7% decrease in the terminal growth (c) 5.0% decrease in sales forecast
Impairment Testing for Indefinite-Lived Brand Intangibles [Member]
Disclosure of detailed information about intangible assets [line items]
Post-tax discount rate		1.70%
Impairment of intangible assets		$ 816,000
Impairment Testing for Indefinite-Lived Brand Intangibles Two [Member]
Disclosure of detailed information about intangible assets [line items]
Post-tax discount rate		5.00%	0.00%
Impairment of intangible assets		$ 581,000	$ 1,749,000
Software & Website [Member]
Disclosure of detailed information about intangible assets [line items]
Impairment loss recognised in profit or loss, goodwill			$ 200

Intangible Assets - Disclosure of Detailed Information About Intangible Assets (Details) - NZD ($) $ in Thousands	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Disclosure of detailed information about intangible assets [line items]
Total intangible assets and goodwill	$ 22,849	$ 28,293	$ 37,863
Goodwill [Member]
Disclosure of detailed information about intangible assets [line items]
Total intangible assets and goodwill			2,320
Goodwill [Member] \| At Cost [Member]
Disclosure of detailed information about intangible assets [line items]
Total intangible assets and goodwill	5,516	6,091
Goodwill [Member] \| Accumulated Impairment [Member]
Disclosure of detailed information about intangible assets [line items]
Total intangible assets and goodwill	(5,516)	(6,091)
Patents and Licences [Member]
Disclosure of detailed information about intangible assets [line items]
Total intangible assets and goodwill	19,214	21,662	25,075
Patents and Licences [Member] \| At Cost [Member]
Disclosure of detailed information about intangible assets [line items]
Total intangible assets and goodwill	22,863	25,151
Patents and Licences [Member] \| Accumulated Depreciation and Impairment [Member]
Disclosure of detailed information about intangible assets [line items]
Total intangible assets and goodwill	(3,649)	(3,489)
Brands [Member]
Disclosure of detailed information about intangible assets [line items]
Total intangible assets and goodwill	3,443	6,631	10,205
Brands [Member] \| At Cost [Member]
Disclosure of detailed information about intangible assets [line items]
Total intangible assets and goodwill	12,253	12,032
Brands [Member] \| Accumulated Depreciation and Impairment [Member]
Disclosure of detailed information about intangible assets [line items]
Total intangible assets and goodwill	(8,810)	(5,401)
Software & Website [Member]
Disclosure of detailed information about intangible assets [line items]
Total intangible assets and goodwill	192		$ 263
Software & Website [Member] \| At Cost [Member]
Disclosure of detailed information about intangible assets [line items]
Total intangible assets and goodwill	15,749	15,548
Software & Website [Member] \| Accumulated Depreciation and Impairment [Member]
Disclosure of detailed information about intangible assets [line items]
Total intangible assets and goodwill	$ (15,557)	$ (15,548)

Intangible Assets - Disclosure of Detailed Information About Movements in Carrying Amounts of Intangible Assets (Details) - NZD ($)
$ in Thousands

12 Months Ended

Jan. 31, 2021

Jan. 31, 2020

Jan. 31, 2019

$ 28,293

$ 37,863

211

(2,310)

(458)

(589)

(3,333)

(8,413)

$ (7,892)

(1,864)

(50)

Disclosure of detailed information about intangible assets [line items]

22,849

28,293

37,863

Goodwill [Member]

2,320

^[1]

(2,480)

Patents and Licences [Member]

2,320

Disclosure of detailed information about intangible assets [line items]

21,662

25,075

(2,310)

^[1]

(442)

(589)

(2,037)

(2,006)

Disclosure of detailed information about intangible assets [line items]

19,214

21,662

25,075

Brands [Member]

6,631

10,205

(3,333)

(3,694)

145

Software & Website [Member]

3,443

6,631

10,205

Disclosure of detailed information about intangible assets [line items]

263

211

(16)

(202)

(3)

(50)

$ 192

$ 263

[1]

During the prior year, a financial liability relating to a shareholder loan on the balance sheet of Frederick's of Hollywood (FOH) on the acquisition of FOH Online Corp Inc. was derecognised as the stock purchase agreement stipulated the transaction was debt free. This has resulted in a reduction to the carrying value of the acquired intangible asset with a write back to the profit and loss account for the accrued and capitalised interest.

Intangible Assets - Disclosure of Information for Cash-generating Units (Details) - NZD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020
Disclosure of detailed information about intangible assets [line items]
Impairment of expense		$ 2,480
United States [Member]
Disclosure of detailed information about intangible assets [line items]
Impairment of expense		$ 2,480

Intangible Assets - Disclosure of Impairment of Intangible Assets (Details) - NZD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Disclosure of detailed information about intangible assets [line items]
Impairment of intangible assets	$ 3,333	$ 8,413	$ 7,892
FOH License [Member]
Disclosure of detailed information about intangible assets [line items]
Impairment of intangible assets		1,914
Naked Patents & Licence [Member]
Disclosure of detailed information about intangible assets [line items]
Impairment of intangible assets		$ 123

Intangible Assets - Disclosure of Detailed Information About Impairment of Indefinite-lived Brand Intangibles (Details) - NZD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020
Statement Line Items [Line Items]
Impairment of indefinite-lived brand intangibles	$ 3,333	$ 3,694
Pleasure State [Member]
Statement Line Items [Line Items]
Impairment of indefinite-lived brand intangibles	2,002	125
Davenport and Lovable [Member]
Statement Line Items [Line Items]
Impairment of indefinite-lived brand intangibles	1,331	1,439
Naked [Member]
Statement Line Items [Line Items]
Impairment of indefinite-lived brand intangibles		$ 2,130

Trade and Other Payables (Details Narrative) - NZD ($)
$ / shares in Units, $ in Thousands

12 Months Ended

Jan. 31, 2021

Jan. 31, 2020

Jan. 31, 2019

Employee benefits liabilities

^[1]

$ 30,175

$ 28,009

$ 31,380

Outstanding share percentage

1.50%

US [Member]

Warrants exercise price

$ 0.37

[1]	Staff costs include an accrual of $11.6m for phantom warrants which has been recognised in the brand transition, restructure and transaction expense line in the consolidated statement of profit or loss and other comprehensive income

Trade and Other Payables - Disclosure of Detailed Information About Trade and Other Current Payables (Details) - NZD ($) $ in Thousands	Jan. 31, 2021	Jan. 31, 2020
Trade and other payables [abstract]
Trade payables	$ 6,250	$ 10,407
Accruals	7,250	8,593
Employee benefits liabilities	15,228	3,430
Trade and other current payables	$ 28,728	$ 22,430

Borrowings (Details Narrative) $ / shares in Units, $ in Thousands, $ in Thousands		1 Months Ended						2 Months Ended	12 Months Ended
	Mar. 12, 2020 NZD ($)	Jul. 31, 2020 NZD ($)	Jul. 31, 2020 USD ($)	Apr. 30, 2020 NZD ($)	Apr. 30, 2020 USD ($)	Feb. 29, 2020 NZD ($)	Feb. 29, 2020 USD ($)	Jan. 31, 2021 NZD ($) $ / shares shares	Jan. 31, 2021 NZD ($) $ / shares	Jan. 31, 2021 USD ($)	Jan. 31, 2021 USD ($)	Jul. 31, 2020 USD ($)	Jan. 31, 2020 NZD ($) $ / shares	Jan. 31, 2019 $ / shares
Statement Line Items [Line Items]
Borrowings								$ 17,495	$ 17,495				$ 38,913
Exercise price of warrant \| $ / shares								$ 0.37	$ 0.37				$ 0.37	$ 0.37
Principal liability								$ 2,800	$ 2,800
Interest liability								200	200
Current borrowing amount								3,000	$ 3,000
US [Member]
Statement Line Items [Line Items]
Current borrowing amount											$ 2,100
Bank of New Zealand [Member]
Statement Line Items [Line Items]
Loans payable	$ 16,700												$ 17,900
Guarantees and financial instruments	$ 1,345
Description of borrowings	Under the terms of the facility, the Group must meet specific covenant obligations namely sales and gross margin adverse variances to budget to be no greater than 15% and inventory to cover bank debt 1.35 times (which increased to 1.65 times from and including 31 July 2020).
Bank of New Zealand [Member] \| Minimum [Member]
Statement Line Items [Line Items]
Borrowings, interest rate	4.25%
Bank of New Zealand [Member] \| Maximum [Member]
Statement Line Items [Line Items]
Borrowings, interest rate	5.26%
Secured Convertible Notes [Member] \| 5 Separate Private Placements [Member] \| 2 Private Investors [Member]
Statement Line Items [Line Items]
Borrowings, interest rate				20.00%	20.00%	20.00%	20.00%
Debt instrument cash consideration				$ 7,200		$ 7,200
Debt instrument discounts and fees				$ 500		$ 500
Secured Convertible Notes [Member] \| 5 Separate Private Placements [Member] \| 2 Private Investors [Member] \| US [Member]
Statement Line Items [Line Items]
Debt instrument cash consideration					$ 4,500		$ 4,500
Debt instrument discounts and fees					$ 300		$ 300
Convertible Notes [Member]
Statement Line Items [Line Items]
Warrants exchange, description									During the year, the note holder elected to exchange their warrant in return for a one-time 5% increase on the Note balance on the date of election	During the year, the note holder elected to exchange their warrant in return for a one-time 5% increase on the Note balance on the date of election
Warrants exchanged for increase in principal value								$ 300	$ 300
Percentage for warrants exchange									10.00%	10.00%
Financing penalties									$ 1,400
Convertible Notes [Member] \| US [Member]
Statement Line Items [Line Items]
Warrants exchanged for increase in principal value											$ 200
Financing penalties										$ 900
Conversion price per shares \| $ / shares								$ 0.2424	$ 0.2424
Exercise price of warrant \| $ / shares								$ 0.6707	$ 0.6707
Convertible Promissory Note [Member]
Statement Line Items [Line Items]
Converted shares \| shares								35,081,733
Convertible notes converted into ordinary shares \| shares								47,817,633
Convertible Promissory Note [Member] \| 90 Days [Member]
Statement Line Items [Line Items]
Borrowings, interest rate		2.00%										2.00%
Convertible Promissory Note [Member] \| Next 90 Days [Member]
Statement Line Items [Line Items]
Borrowings, interest rate		10.00%										10.00%
Convertible Promissory Note [Member] \| Thereafter [Member]
Statement Line Items [Line Items]
Borrowings, interest rate								15.00%	15.00%		15.00%
Convertible Promissory Note [Member] \| July Purchase Warrant [Member] \| Securities Purchase Agreement [Member] \| Bank of New Zealand [Member]
Statement Line Items [Line Items]
Borrowings, interest rate		5.00%										5.00%
Description of borrowings		The July Note provided for interest at the following rates: (i) for a period of 90 days starting on its issuance date, 2.0% per annum, (ii) for the next 90 days, 10.0% per annum and (iii) thereafter, 15.0% per annum, and provided for maturity on the second anniversary of its issuance.	The July Note provided for interest at the following rates: (i) for a period of 90 days starting on its issuance date, 2.0% per annum, (ii) for the next 90 days, 10.0% per annum and (iii) thereafter, 15.0% per annum, and provided for maturity on the second anniversary of its issuance.
Notional amount		$ 12,100
Borrowings		128,000
Purchase price		$ 10,900
Convertible Promissory Note [Member] \| US [Member]
Statement Line Items [Line Items]
Principal liability											$ 2,000
Interest liability											$ 100
Convertible Promissory Note [Member] \| US [Member] \| July Purchase Warrant [Member] \| Securities Purchase Agreement [Member]
Statement Line Items [Line Items]
Notional amount												$ 8,000
Borrowings												$ 8,400
Purchase price			$ 7,200

Borrowings - Disclosure of Detailed Information About Borrowings (Details) - NZD ($) $ in Thousands	Jan. 31, 2021	Jan. 31, 2020
Schedule Of Fair Value Measurement Of Assets And Liabilities [Text Block]
Bank loans	$ 14,500	$ 17,900
Debt issuance costs in relation to bank loan	(7)
Other loan		1,315
Amounts due in less than one year	14,493	19,215
Convertible notes	3,002	19,698
Amounts due after more than one year	3,002	19,698
Borrowings	$ 17,495	$ 38,913

Provisions (Details Narrative) - NZD ($) $ in Thousands	12 Months Ended
Provisions (Details Narrative) - NZD ($) $ in Thousands	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Provisions [abstract]
Pre-tax discount rate applied to provisions calculations		2.00%	2.00%
Additional provisions, other provisions	$ 26	$ 5,512

Provisions - Disclosure of Detailed Information About Provisions (Details) - NZD ($) $ in Thousands	Jan. 31, 2021	Jan. 31, 2020
Statement Line Items [Line Items]
Current provisions	$ 870	$ 5,844
Non-current provisions	1,212	1,796
Other Provisions [Member]
Statement Line Items [Line Items]
Current provisions	92	5,205
Make Good [Member]
Statement Line Items [Line Items]
Current provisions	778	639
Non-current provisions	$ 1,212	$ 1,796

Provisions - Disclosure of Detailed Information About Reconciliation of Changes in Other Provisions (Details) - NZD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020
Statement Line Items [Line Items]
Opening balance	$ 7,640	$ 3,293
Impact of IFRS 16		(1,102)
Additional provisions recognised	26	5,512
Amounts used during the period	(5,619)	(80)
Exchange differences	35	1
Ending Balance	2,082	7,640
Other Provisions [Member]
Statement Line Items [Line Items]
Opening balance	5,205
Impact of IFRS 16
Additional provisions recognised		5,205
Amounts used during the period	(5,113)
Exchange differences
Ending Balance	92	5,205
Make Good [Member]
Statement Line Items [Line Items]
Opening balance	2,435	2,208
Impact of IFRS 16
Additional provisions recognised	26	307
Amounts used during the period	(506)	(64)
Exchange differences	35	(16)
Ending Balance	1,990	2,435
Lease Contributions Provision [Member]
Statement Line Items [Line Items]
Opening balance		1,085
Impact of IFRS 16		(1,102)
Additional provisions recognised
Amounts used during the period
Exchange differences		17
Ending Balance

Lease Liabilities - Disclosure of Detailed Information About Undiscounted Contractual Maturity of Lease Liabilities (Details) - NZD ($) $ in Thousands	Jan. 31, 2021	Jan. 31, 2020
Statement Line Items [Line Items]
Future minimum finance charges	$ 24,059	$ 25,831
Not Later than One Year [Member]
Statement Line Items [Line Items]
Future minimum finance charges	6,955	8,112
2 to 5 years Inclusive [member]
Statement Line Items [Line Items]
Future minimum finance charges	13,661	17,553
After 5 Years [member]
Statement Line Items [Line Items]
Future minimum finance charges	$ 936	$ 166

Share Capital (Details Narrative) - shares	Dec. 20, 2019	Jan. 31, 2021	Jan. 31, 2020
Disclosure of classes of share capital [abstract]
Reverse share split, description	1-100 reverse share split
Number of warrants outstanding		582,194	610,122

Share Capital - Disclosure of Detailed Information About Share Capital (Details) - NZD ($) $ in Thousands	Jan. 31, 2021	Jan. 31, 2020
Disclosure of classes of share capital [abstract]
Shares Outstanding Value	$ 338,498	$ 170,193

Share Capital - Disclosure of Detailed Information About Share Capital (Details) (Parenthetical) - shares	Jan. 31, 2021	Jan. 31, 2020
Ordinary shares [member]
Disclosure of classes of share capital [line items]
Number of shares outstanding	446,582,604	4,697,204

Share Capital - Disclosure of Detailed Information About Ordinary Shares Explanatory (Details) - NZD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Disclosure of classes of share capital [line items]
Balance, beginning	$ 170,193
Issuance of ordinary shares, Shares issued in lieu of inventory payment		$ 15,525
Balance, ending	338,498	170,193
Ordinary shares [member]
Disclosure of classes of share capital [line items]
Balance, beginning	170,193	134,183
Issuance of ordinary shares, Cash collected from sale of new share issuances and cash exercise of warrants	93,693	12,586
Issuance of new shares, Shares issued in lieu of agreed settlement	5,503
Issuance of ordinary shares, Conversion of debt	1,689
Issuance of ordinary shares, Shares issued in lieu of inventory payment		15,525
Issuance of new shares, Shares issued in lieu of related party loan		1,546
Issuance of ordinary shares, Convertible notes converted to equity	67,420	5,979
Issuance of ordinary shares, Warrants issued		374
Balance, ending	$ 338,498	$ 170,193	$ 134,183

Share Capital - Disclosure of Detailed Information About Gearing Ratio (Details) - NZD ($) $ in Thousands	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2018
Disclosure of classes of share capital [abstract]
Total borrowings	$ 17,495	$ 38,913
Less Cash and cash equivalents	(90,925)	(3,791)	$ (1,962)	$ (10,739)
Net cash / net debt	(73,430)	35,122
Equity	89,191	(6,284)	$ 10,519	$ (5,710)
Total Capital	$ 15,788	$ 28,838
Gearing ratio	20.00%	(619.00%)

The amount of residual interest in the assets of the entity after deducting all its liabilities.

Share Capital - Disclosure of Detailed Information About Warrants Outstanding (Details) - $ / shares	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020
Disclosure of classes of share capital [line items]
Number of warrants outstanding	582,194	610,122
Warrants One [Member]
Disclosure of classes of share capital [line items]
Issuance Date	Mar-19
Expiry date	Mar-21
Number of warrants outstanding	42,285
Warrants Two [Member]
Disclosure of classes of share capital [line items]
Issuance Date	Mar-19
Expiry date	Mar-23
Number of warrants outstanding	14,000
Warrants Three [Member]
Disclosure of classes of share capital [line items]
Issuance Date	Apr-19
Expiry date	Apr-22
Number of warrants outstanding	500
Warrants Three [Member] \| Minimum [Member]
Disclosure of classes of share capital [line items]
Average Exercise Price	$ 0.01
Warrants Three [Member] \| Maximum [Member]
Disclosure of classes of share capital [line items]
Average Exercise Price	$ 0.50
Warrants Four [Member]
Disclosure of classes of share capital [line items]
Issuance Date	May-19
Expiry date	May-21
Number of warrants outstanding	10,000
Warrants Five [Member]
Disclosure of classes of share capital [line items]
Issuance Date	Jul-19
Expiry date	May-25
Number of warrants outstanding	170,100
Warrants Six [Member]
Disclosure of classes of share capital [line items]
Issuance Date	Aug-19
Expiry date	Feb-25
Number of warrants outstanding	285,714
Warrants Seven [Member]
Disclosure of classes of share capital [line items]
Issuance Date	Aug-19
Expiry date	Aug-24
Number of warrants outstanding	22,857
Warrants Eight [Member]
Disclosure of classes of share capital [line items]
Issuance Date	Nov-17
Expiry date	Nov-21
Number of warrants outstanding	2,000
Warrants Eight [Member] \| Minimum [Member]
Disclosure of classes of share capital [line items]
Average Exercise Price	$ 1.51
Warrants Eight [Member] \| Maximum [Member]
Disclosure of classes of share capital [line items]
Average Exercise Price	$ 2.00
Warrants Nine [Member]
Disclosure of classes of share capital [line items]
Issuance Date	Oct-18
Expiry date	Oct-21
Number of warrants outstanding	20,000
Warrants Ten [Member]
Disclosure of classes of share capital [line items]
Issuance Date	Jun-18
Expiry date	Jun-23
Number of warrants outstanding	8,000
Warrants Ten [Member] \| Minimum [Member]
Disclosure of classes of share capital [line items]
Average Exercise Price	$ 2.01
Warrants Ten [Member] \| Maximum [Member]
Disclosure of classes of share capital [line items]
Average Exercise Price	$ 4.00
Warrants Eleven [Member]
Disclosure of classes of share capital [line items]
Issuance Date	Mar-19
Expiry date	Mar-21
Number of warrants outstanding	3,922
Warrants Twelve [Member]
Disclosure of classes of share capital [line items]
Issuance Date	May-18
Expiry date	May-21
Number of warrants outstanding	2,816
Warrants Twelve [Member] \| Maximum [Member]
Disclosure of classes of share capital [line items]
Average Exercise Price	$ 4.01

Reserves - Disclosure of Detailed Information About Reserves Within Equity (Details) - NZD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Disclosure of reserves within equity [abstract]
Opening balance	$ 118	$ (2,013)
Transfers in	(4,484)	2,131	$ (7)
Balance at the end of the year	$ (4,366)	$ 118	$ (2,013)

Loss Per Share (Details Narrative) $ in Thousands	Jan. 31, 2021 NZD ($)
Earnings per share [line items]
Accrued interest	$ 200
4 Convertible Notes [Member]
Earnings per share [line items]
Convertible notes amount	2,800
Accrued interest	$ 800

Loss Per Share - Disclosure of Detailed Information About Earning Loss Per Share (Details) - NZD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Loss per share for profit from continuing operations attributable to the ordinary equity holders of the Group:
From continuing operations attributable to the ordinary equity holders of the Group	$ (0.62)	$ (34.74)
Total basic and diluted loss per share attributable to the ordinary equity holders of the Group	$ (0.62)	$ (34.74)
Loss attributable to the ordinary equity holders of the Group used in calculating basic earnings per share	$ (68,346)	$ (54,305)	$ (49,220)
Weighted average number of ordinary shares used as the denominator in calculating basic and diluted loss per share	109,370,410	1,563,056

The total of income less expenses from continuing and discontinued operations, excluding the components of other comprehensive income. [Refer: Other comprehensive income]

Accumulated Losses - Disclosure of Detailed Information About Retained Earnings Accumulated Losses (Details) - NZD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Fair value gain loss on convertible notes derivative
Accumulated losses at the beginning of the financial year	$ (176,595)	$ (121,651)
Adoption of IFRS 16		(639)
Profit/(loss) after income tax	(68,346)	(54,305)	$ (49,220)
Accumulated losses at end of the financial year	$ (244,941)	$ (176,595)	$ (121,651)

The total of income less expenses from continuing and discontinued operations, excluding the components of other comprehensive income. [Refer: Other comprehensive income]

Other Financial Commitments (Details Narrative) $ in Thousands	12 Months Ended
	Jan. 31, 2021 USD ($)
Other Financial Commitments
License fee	$ 3,500

Other Financial Commitments - Disclosure of Detailed Information About Contracted Commitments Explanatory (Details) - NZD ($) $ in Thousands	Jan. 31, 2021	Jan. 31, 2020
Statement Line Items [Line Items]
Contractual capital commitments		$ 5,392
Not Later than One Year [Member]
Statement Line Items [Line Items]
Contractual capital commitments		5,392
Between One Year and Five Years [Member]
Statement Line Items [Line Items]
Contractual capital commitments

Financial Risk Management (Details Narrative) $ in Thousands	12 Months Ended
	Jan. 31, 2021 NZD ($) Integer
Statement Line Items [Line Items]
Subsidies amount received \| $	$ 2,000
Description of foreign exchange rate	It assumes a 10% change of the New Zealand Dollar / Australian Dollar exchange rate for the year ended 31 January 2021 (31 January 2020: 10%, 31 January 2019: 10%). A 10% change is considered for the New Zealand Dollar / US Dollar exchange rate (31 January 2020: 10%, 31 January 2019: 10%). A 10% change is considered for the New Zealand Dollar / GB Pound exchange rate (31 January 2020: 10%, 31 January 2019: 10%). A 10% change is considered for the New Zealand Dollar / Euro exchange rate (31 January 2020: 10%, 31 January 2019: 10%). All of these percentages have been determined based on the average market volatility in exchange rates in the previous 12 months.
AUD [Member]
Statement Line Items [Line Items]
Subsidies amount received \| $	$ 800
Closing foreign exchange rate	0.9348
US [Member]
Statement Line Items [Line Items]
Closing foreign exchange rate	0.7168
GBP [Member]
Statement Line Items [Line Items]
Closing foreign exchange rate	0.5228
EUR [Member]
Statement Line Items [Line Items]
Closing foreign exchange rate	0.5921
HKD [Member]
Statement Line Items [Line Items]
Closing foreign exchange rate	5.5574

Financial Risk Management - Disclosure of Financial Assets (Details) - NZD ($) $ in Thousands	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2018
Disclosure of Financial Risk Management [Abstract]
Cash and cash equivalents	$ 90,925	$ 3,791	$ 1,962	$ 10,739
Trade receivables	1,462	2,336
Financial assets	$ 92,387	$ 6,127

The amount of assets that are: (a) cash; (b) an equity instrument of another entity; (c) a contractual right: (i) to receive cash or another financial asset from another entity; or (ii) to exchange financial assets or financial liabilities with another entity under conditions that are potentially favourable to the entity; or (d) a contract that will, or may be, settled in the entity’s own equity instruments and is: (i) a non-derivative for which the entity is, or may be, obliged to receive a variable number of the entity’s own equity instruments; or (ii) a derivative that will, or may be, settled other than by the exchange of a fixed amount of cash or another financial asset for a fixed number of the entity’s own equity instruments. For this purpose the entity’s own equity instruments do not include puttable financial instruments classified as equity instruments in accordance with paragraphs 16A-16B of IAS 32, instruments that impose on the entity an obligation to deliver to another party a pro rata share of the net assets of the entity only on liquidation and are classified as equity instruments in accordance with paragraphs 16C-16D of IAS 32, or instruments that are contracts for the future receipt or delivery of the entity’s own equity instruments. [Refer: Financial instruments, class [member]; Financial liabilities]

Financial Risk Management - Disclosure of Financial Risk Management (Details) - NZD ($) $ in Thousands	Jan. 31, 2021	Jan. 31, 2020
Statement Line Items [Line Items]
Non-derivatives Borrowings	$ 18,900	$ 48,860
Non-derivatives Trade payables	6,250	10,407
Non-derivatives Total	25,150	59,267
Derivatives Gross future cash settlement on forward currency contracts - inflow
Derivatives Gross future cash settlement on forward currency contracts - (outflow)
Derivatives Total
0 - 30 Days [Member]
Statement Line Items [Line Items]
Non-derivatives Borrowings	48	2,052
Non-derivatives Trade payables	6,250	10,407
Non-derivatives Total	6,289	12,459
Derivatives Gross future cash settlement on forward currency contracts - inflow
Derivatives Gross future cash settlement on forward currency contracts - (outflow)
Derivatives Total
Between One Month and Three Months [Member]
Statement Line Items [Line Items]
Non-derivatives Borrowings	14,596	18,044
Non-derivatives Trade payables
Non-derivatives Total	14,596	18,044
Derivatives Gross future cash settlement on forward currency contracts - inflow
Derivatives Gross future cash settlement on forward currency contracts - (outflow)
Derivatives Total
Between Three Months and One Year [Member]
Statement Line Items [Line Items]
Non-derivatives Borrowings
Non-derivatives Trade payables
Non-derivatives Total
Derivatives Gross future cash settlement on forward currency contracts - inflow
Derivatives Gross future cash settlement on forward currency contracts - (outflow)
Derivatives Total
Between One Year and Five Years [Member]
Statement Line Items [Line Items]
Non-derivatives Borrowings	4,256	28,764
Non-derivatives Trade payables
Non-derivatives Total	4,256	28,764
Derivatives Gross future cash settlement on forward currency contracts - inflow
Derivatives Gross future cash settlement on forward currency contracts - (outflow)
Derivatives Total

Financial Risk Management - Disclosure of Credit Risk Exposure (Details) - NZD ($) $ in Thousands	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Statement Line Items [Line Items]
Financial assets	$ 92,387	$ 6,127
Without External Credit Ratings [Member]
Statement Line Items [Line Items]
Financial assets	90,887	3,747	$ 1,915
Without External Credit Ratings [Member] \| Trade Receivables [Member]
Statement Line Items [Line Items]
Financial assets	1,645	2,358	7,789
Without External Credit Ratings [Member] \| Trade Receivables [Member] \| New Customer Less than 6 Months [Member]
Statement Line Items [Line Items]
Financial assets			42
Without External Credit Ratings [Member] \| Trade Receivables [Member] \| Existing Customers (More Than 6 Months With Default in Past [Member]
Statement Line Items [Line Items]
Financial assets	1,645	2,358	7,747
Ratings AA- [Member]
Statement Line Items [Line Items]
Financial assets	90,887	3,747	1,915
Ratings A+ [Member]
Statement Line Items [Line Items]
Financial assets			$ 94

Bendon Retail Limited [Member]

Financial Risk Management - Sensitivity Analysis for Types of Market Risk (Details) - NZD ($) $ in Thousands	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
10% Increase [Member]
Statement Line Items [Line Items]
Risk exposure associated with instruments sharing characteristic	$ 145	$ 179
10% Decrease [Member]
Statement Line Items [Line Items]
Risk exposure associated with instruments sharing characteristic	(145)	(179)
1.00% Increase [Member]
Statement Line Items [Line Items]
Risk exposure associated with instruments sharing characteristic	145	(145)
1.00% Decrease [Member]
Statement Line Items [Line Items]
Risk exposure associated with instruments sharing characteristic	179	(179)
US [Member] \| 10% Increase [Member]
Statement Line Items [Line Items]
Risk exposure associated with instruments sharing characteristic	(460)	(594)	$ (954)
US [Member] \| 10% Decrease [Member]
Statement Line Items [Line Items]
Risk exposure associated with instruments sharing characteristic	460	594	954
AUD [Member] \| 10% Increase [Member]
Statement Line Items [Line Items]
Risk exposure associated with instruments sharing characteristic	(2)	(1)	(5)
AUD [Member] \| 10% Decrease [Member]
Statement Line Items [Line Items]
Risk exposure associated with instruments sharing characteristic	2	1	5
GBP [Member] \| 10% Increase [Member]
Statement Line Items [Line Items]
Risk exposure associated with instruments sharing characteristic	(9)	(16)	(1)
GBP [Member] \| 10% Decrease [Member]
Statement Line Items [Line Items]
Risk exposure associated with instruments sharing characteristic	9	16	1
EUR [Member] \| 10% Increase [Member]
Statement Line Items [Line Items]
Risk exposure associated with instruments sharing characteristic	(10)	(42)	(32)
EUR [Member] \| 10% Decrease [Member]
Statement Line Items [Line Items]
Risk exposure associated with instruments sharing characteristic	10	42	32
HKD [Member] \| 10% Increase [Member]
Statement Line Items [Line Items]
Risk exposure associated with instruments sharing characteristic			(1)
HKD [Member] \| 10% Decrease [Member]
Statement Line Items [Line Items]
Risk exposure associated with instruments sharing characteristic			$ 1

Financial Risk Management - Disclosure of Detailed Information About Hedging Instruments (Details) - Less than Six Months [Member] $ in Thousands	12 Months Ended
	Jan. 31, 2021 NZD ($) Integer	Jan. 31, 2020 NZD ($) Integer	Jan. 31, 2019 NZD ($) Integer
Buy USD / Sell NZD [Member]
Statement Line Items [Line Items]
Notional amounts \| $			$ 34,395
Average exchange rate \| Integer			0.6620
Buy AUD / Sell NZD [Member]
Statement Line Items [Line Items]
Notional amounts \| $
Average exchange rate \| Integer

Financial Risk Management - Disclosure of Financial Instruments by Type of Interest Rate (Details) - NZD ($) $ in Thousands	Jan. 31, 2021	Jan. 31, 2020
Statement Line Items [Line Items]
Borrowings		$ 1,315
Total	17,495	38,913
Floating Rate Instruments [Member]
Statement Line Items [Line Items]
Bank overdrafts
Working capital financing bank facility
Convertible notes
Borrowings	14,500	17,900
Total	$ 14,500	$ 17,900

Tax Assets and Liabilities - Reconciliation of Changes in Deferred Tax Liability Asset (Details) - NZD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Opening Balance		$ 692
Charged to Income		(701)
Charged directly to Equity
Changes in Tax Rate
Exchange Differences		9
Closing Balance
Carried Forward Tax Losses [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Opening Balance	630	1,322
Charged to Income		(701)
Charged directly to Equity
Changes in Tax Rate
Exchange Differences		9
Closing Balance	630	630
Intangible Assets [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Opening Balance	(630)	(630)
Charged to Income
Charged directly to Equity
Changes in Tax Rate
Exchange Differences
Closing Balance	$ (630)	$ (630)

Dividends (Details Narrative) - NZD ($)	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Disclosure of dividends [Abstract]
Dividends payable

Dividends - Disclosure of Detailed Information About Dividends Explanatory (Details) - NZD ($) $ in Thousands	Jan. 31, 2021	Jan. 31, 2020
Australian Franking Credits [Member]
Statement Line Items [Line Items]
Unused tax credits for which no deferred tax asset recognised	$ 3,995	$ 3,995
New Zealand Imputation Credits [Member]
Statement Line Items [Line Items]
Unused tax credits for which no deferred tax asset recognised	$ 236	$ 236

Dividends - Disclosure of Detailed Information About Dividends Explanatory (Details) (Parenthetical)	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Statement Line Items [Line Items]
Applicable tax rate	28.00%	28.00%	28.00%
Australian Franking Credits [Member]
Statement Line Items [Line Items]
Tax rate effect of foreign tax rates	30.00%	30.00%
New Zealand Imputation Credits [Member]
Statement Line Items [Line Items]
Applicable tax rate	28.00%	28.00%

Key Management Personnel Remuneration - Disclosure of Detailed Information About Key Management Personnel (Details) - NZD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Key Management Personnel Remuneration
Short-term employee benefits	$ 13,865	$ 3,182	$ 2,056
Key management personnel remuneration	$ 13,865	$ 3,182	$ 2,056

Key Management Personnel Remuneration - Disclosure of Detailed Information About Key Management Personnel (Details) (Parenthetical) $ in Thousands	12 Months Ended
	Jan. 31, 2021 NZD ($)	Jan. 31, 2020 NZD ($)	Jan. 31, 2019 NZD ($)	Jan. 31, 2021 $ / shares
Key Management Personnel Remuneration
Key management personnel remuneration	$ 13,865	$ 3,182	$ 2,056
Share-based payment	$ 11,600
Warrant exercise price \| $ / shares				$ 0.37

Interests in Subsidiaries - Disclosure of Composition of Group (Details)

12 Months Ended

Jan. 31, 2021

Jan. 31, 2020

Jan. 31, 2019

Principal place of business / country of Incorporation of subsidiary

New Zealand

Bendon Holdings Limited [Member]

^[1]

100.00%

Principal place of business / country of Incorporation of subsidiary

New Zealand

Bendon Holdings Pty Limited [Member]

^[1]

100.00%

Principal place of business / country of Incorporation of subsidiary

Australia

Bendon Pty Limited [Member]

^[1]

100.00%

Principal place of business / country of Incorporation of subsidiary

Australia

Bendon Intimates Pty Limited [Member]

^[1]

100.00%

Principal place of business / country of Incorporation of subsidiary

Australia

PS Holdings No. 1 Pty Limited [Member]

^[1]

100.00%

Principal place of business / country of Incorporation of subsidiary

Australia

Pleasure State Pty Limited [Member]

^[1]

100.00%

Principal place of business / country of Incorporation of subsidiary

Australia

Pleasure State (HK) Limited [Member]

^[1]

100.00%

Principal place of business / country of Incorporation of subsidiary

Hong Kong

Bendon UK Limited [Member]

^[1]

100.00%

Principal place of business / country of Incorporation of subsidiary

United Kingdom

^[1]

100.00%

Bendon USA Inc [Member]

Principal place of business / country of Incorporation of subsidiary

United States of America

^[1]

100.00%

Bendon Limited [Member]

Principal place of business / country of Incorporation of subsidiary

^[2]

New Zealand

^[1],[2]

100.00%

0.00%

Naked Brand Inc [Member]

Principal place of business / country of Incorporation of subsidiary

United States of America

FOH Online Corp Inc. [Member]

^[1]

100.00%

0.00%

Principal place of business / country of Incorporation of subsidiary

United States of America