Pacific Brands says its talking to a number of potential bidders interested in the loss-making company.
The Melbourne-based company owns labels such as Bonds underwear and Clarks shoes.
It lost $A362.4 million in the six months ending December, more than double the loss of the previous year, as sales slumped and cotton prices rose.
Last month, Pacific Brands said it was in talks with the US private equity firm KKR, which was interested in buying the company for a reported $A600 million.
Pacific Brands chief executive Sue Morphet says the move has prompted other potential bidders out of the woodwork, but no announcement will be made until discussions have finished.