Inside Retailing Weekly
Fourth major acquisition in 18 months.
Pacific Apparel Solutions has purchased The Hopkins Group and its Marco Polo, Capital M and Sirocco labels.
The Hopkins Group is PAS’s fourth major acquisition in 18 months, following its purchase of Yarra Trail, Breakaway and its Black Pepper and Yvonne Black labels, and Design Works, which supplies product for discount department stores as well as the World Industries and Anger Management brands.
PAS is now a major supplier to Myer, David Jones, Target and around 1600 boutique outlets across Australia.
CEO Eric Morris said The Hopkins Group positioned PAS as one of the largest apparel companies in the Australian market.
“The Hopkins Group met all of our key criteria as a good business for us to acquire. It is a long established, well run business ad has great brands that are popular with consumers.”
He said that PAS was continuing to look for acquisition opportunities over the medium term, and would look at a public listing down the track.
“That is certainly one of our exit options. However the main focus at this stage is to grow the business progressively, ensuring that all of our operations are run as effectively as possible.
“The companies we acquire must have the right flavour and be able to add value. There are very good opportunities in the Australian market.”