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 main focus for JETS under PAS ownership will be about growth.  We will also be integrating certain elements of the business into the group infrastructure, this includes back office areas such as HR, property and IT.  Keys areas of the business such as design, marketing, production and so on will remain as they are.”  According to Morris, JETS is also looking to launch concept stores with the first location “likely to be in Queensland.”  He said there are no plans to forge distribution partnerships in the domestic market.  “There are no major plans outside of the normal organic growth that the business would have done under previous ownership.  2016 will be an exciting year for the brand with the growth plan and additional resources that we are supporting the brand with.”