INSIDE RETAILING Australian fashion brand Metalicus, known for its stretch bodywear, has been acquired by The PAS Group for an undisclosed sum. The PAS Group is Australia’s second largest wholesale apparel company, comprising a portfolio of well-known names including Yarra Trail, Breakaway Apparel, Designworks Clothing Company, The Hopkins Group, The Capelle Group, Fiorelli Licensing and…

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MEDIA RELEASE LEADING FASHION BODYWEAR BRAND ‘METALICUS’ ACQUIRED BY THE PAS GROUP Australian brand Metalicus, known for their signature stretch bodywear, announced today that it has been acquired by The PAS Group for an undisclosed sum. “We are delighted with the acquisition of the Metalicus business as it is a great complementary fit to our portfolio…

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The way I see it

PricewaterhouseCoopers Retail & Consumer Outlook – Australia 2007 – Changes in play We have a single motto at The PAS Group: “We do what makes sense.” I am sure this is a common goal, but it has become much easier within a private equity-backed business. The PAS Group was formed in 2004 to pursue a…

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RAGTRADER:  Tracey McElwdowney Victorian wholesale group PAS continues to dig deep – into its pockets, that is. Just two months after acquiring the Chino Kids label, the group has added yet more brands to its burgeoning portfolio, acquiring womenswear chain store Review, accessories company Capelle and licensing brand Fiorelli. The acquisitions, for undisclosed sums, now…

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PAS Group puts on the style

THE AGE:  Rebecca Urban Leading clothing and accessory brands Review and Fiorelli are the latest assets in the rag-trade business to be snapped up by a private equity fund. The PAS Group, a diversified apparel business that DB Capital Partners set up, yesterday announced the acquisitions for an undisclosed sum. It has also bought Melbourne-based accessories…

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Deutsche money goes shopping

THE AUSTRALIAN:  Teresa Ooi PAS Group, backed by Deutsche Bank’s private equity arm, has bought three clothing and fashion accessories brands – Fiorelli, Capelle and Review. The purchase of the Melbourne-based companies for an undisclosed sum will beef up PAS’s wholesale apparel business for a possible float or sale of its assets in the next three…

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Deutsche fashion foray

HERALD SUN Fashion brands Fiorelli, Review and Capelle have been snapped up by the PAS group, an apparel wholesaler backed by Deutsche bank’s private equity arm. The PAS Group chief executive Eric Morris said yesterday the businesses provided excellent opportunities for further growth and a base to build synergies across the company’s portfolio. “They have…

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VIC group readies take-over arsenal

RAGTRADER:  Tracey McEldowney MELBOURNE: Pacific Apparel Solutions (PAS) is again flexing its acquisition muscles. The Victorian-based wholesaler last week signed an agreement to purchase popular childrenswear label Chino Kids in what is its fifth major purchase in the past two years. The group’s existing brands include Yarra Trail, Black Pepper, Yvonne Black, Marco Polo, Capital M…

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INSIDE RETAILING WEEKLY Clothing business backed by Deutsche Bank. Deutsche Bank has appointed a former Myer director, Eric Morris, to develop a new clothing business for a public listing on the Australian Stock Exchange. Deutsche Bank currently has a majority stake in two clothing brands, Yarra Trail and Breakaway, and is negotiating with up to…

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Deutsche Bank dresses up

THE AUSTRALIAN:  Katherine Jimenez Deutsche Bank is aiming to build a substantial presence in the fragmented clothing wholesale market through a new retail brand wholesale company, Pacific Apparel Solutions, and then sell it to the public. Former Myer director Eric Morris was recently recruited to head the company, after it acquired the majority interests in clothing…

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