Iconic footwear brand Volley may be the next asset on the block at Pacific Brands as the socks and jocks maker pins its recovery hopes on the Bonds and Sheridan brands.

Pacific Brands is believed to have received informal offers for assets including Volley and Grosby shoes, part of the Brand Collective division, which also includes licensed brands such as Clarks and Hush Puppies.

Volley is the latest famous Australian bandname to be put on the block by Pacific Brands.

PacBrands chief executive David Bortolussi declined to confirm the approaches but flagged more asset sales as the clothing and footwear supplier worked its way through a strategic review aimed at simplifying the business, reducing costs and debt and improving returns to long-suffering shareholders.

"We'll re-evaluate all parts of the portfolio," Mr Bortolussi told Fairfax Media after PacBrands' annual meeting on Tuesday.