Pacific Brands has reported an operating loss of 22.3 million Australian dollars (€15.54m-$19.97m) on 8 percent lower revenues of A$204.5 million (€142.56m-$183.08m) for the financial year ended June 30. The sales decline was partly due to the non-renewal of the Diesel license, which represented 2 percent of sales. The Australian company is a licensee or distributor of important brands such as Clarks and Hush Puppies. Its former chief executive, John Pollaers, resigned in July because of strategic differences with the owners.