fashion retailer PAS Group enters voluntary administration

PAS Group operates 225 retail stores in Australia and New Zealand, including Review concessions in Myer.

Its other brands include Everlast, Yarra Trail, Designworks, Fiorelli, JETS and Bondi Bather.

PAS Group operates brands including Everlast, Yarra Trail, Designworks, Fiorelli, JETS and Bondi Bather. (Everlast)

It has 1300 employees, most of which were stood down when PAS Group closed its stores in late March as part of the lockdowns, although they began reopening in early May.

“PAS Group enters voluntary administration with a strong desire to restructure the Group and allow it to continue operating strongly and sustainably into the future,” the company said. 

PwC partners Stephen Longley, David McEvoy and Martin Ford have been appointed administrators.

Eric Morris (pictured) CEO and MD of The PAS Group, a clothing maker and retailer. (The Age)

PAS Group stores will continue to trade as normal, in-line with the coronavirus lockdowns, with all store credits and vouchers honoured, it said.

“The Australian retail sector was already facing significant challenges prior to the COVID-19 pandemic,” chief executive Eric Morris said.

The company’s board is of the view that the company is solvent but believes voluntary administration is the…

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