Fashion house PAS Group will likely be acquired by private equity firm Queens Lane Capital by way of a deed of company arrangement.
The deal will need to be voted through by the business shareholders, and will see brands such as Review, Black Pepper, Yarra Trial, Marco Polo and Breakaway continue.
We are proud to have saved circa 1,000 Australian jobs, and with a turnover of $200 million there are tremendous opportunities to further grow the PAS Group, said Queens Lane Capital chairman Larry Kestelmen.
A major focus will be on building the online presence which has expanded to 25 per cent during Covid-19 and developing a single customer view through further marketing and online investment.
The private equity firm said it is looking cl…
Read the full article at: https://insideretail.com.au/business/private-equity-firm-looks-to-acquire-pas-group-out-of-administration-202010
