James Packer's private investment company, Consolidated Press Holdings (CPH), has ended its dealings with Noni B, selling off its 10% stake.
The short lived partnership came after CPH sold Pretty Girl Fashion group to Noni B in August 2016 for $75 million.
The sale may come as a surprise after Noni B Group posted a 142% increase in group total revenue to $143 million for first half of fiscal 2017.
Statutory after tax profit was $2.5 million for the period, reflecting the after-tax impact of one-off transaction and restructuring costs.
Noni B chairman Richard Facioni took the opportunity to both thank CPH and welcome its new shareholders.
“We thank CPH for their cooperation and support in the successful integration of the Pretty Girl and Noni B businesses and we thank our institutional shareholders who have continued to support us. We welcome some new institutional shareholders as well."