RAGTRADER Swimwear label JETS is a key focus for international expansion by PAS Group, Ragtrader can reveal.  PAS Group CEO Eric Morris said the swimwear label, which was acquired in late 2015, has been achieving online sales growth of 200%.  Morris confirmed the brand will be targeted heavily toward the US consumer through online and wholesale,…

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RAGTRADER by Josh McDonnell The PAS Group has released its sales results for the half year that ended 31 December 2016, posting a sales increase of 4.6% and a total of $135.7 million. Retail sales grew 7.3% to $71.9 million, which was attributed to store openings both during this period and the FY2016, as well…

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Online drives growth at PAS Group

INTERNET RETAILING Apparel retailer, PAS Group, reported a 7.3 per cent increase in retail sales to $71.9 million driven by new stores that opened during FY2016 and a 39 per cent rise in online sales. The company posted a 4.6 per cent increase in sales for the half year ending December 31, 2016 to $135.7…

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Designworks sets new global target

RAGTRADER February:  The headline makers Designworks, a division of PAS Group, is forecasting international sales to double by 2020 on the back of new partnerships and supply chain investment.  Global sales currently represent 15% of turnover, with the fashion business aiming to hit 30% in the next three years. Designworks MD Brendan Santamaria said the…

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Acquisition kicks off growth

RAGTRADER Swimwear label JETS is set to expand its global wholesale business following its acquisition by PAS Group late last year.  PAS Group CEO Eric Morris said while international growth will most likely take place in the US and UK, other markets will be examined. Morris also confirmed key internal changes to the business.  “The…

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PAS Group acquires Jets

RAGTRADER Australian swimwear label Jets has been snapped up by retail juggernaut The PAS Group. The acquisition was reportedly funded by PAS’s existing cash and a margin of its undrawn debt facility and is expected to be immediately earnings accretive. PAS targeted the swim and activewear label due to its high margin business which records…

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PAS Group acquisition

RAGTRADER The PAS Group has acquired online occasion-wear business White Runway after it reported a 100 per cent revenue increase FY2015. The Sydney-based company offers around 400 styles of dresses in an extensive range of colours and size options in a bid to cater to a growing and international customer base. PAS CEO Eric Morris…

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