PAS Group

OVERALL
Owned	USA
Rating

Clothing & sportswear manufacturers & wholesalers

Acquired and integrated 8 Australian apparel and accessories companies since 2004, when the company was founded. Designs locally and imports primarily from China. Now operates 23 brands which are sold throughout Australia, New Zealand and South Africa in major retail chains and over 1,000 independent retailers. Entered voluntary administration in 2020.

Company Ownership

The PAS Group Pty Ltd	AUS	website	email
Coliseum Capital Management LLC       owns 65% of The PAS Group Pty Ltd	USA
Private equity firm Increased its stake in Australian fashion company PAS Group from 19% to 46% in Nov 2015, and then up to 65% in 2017.

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Company Assessment

PRAISE	CRITICISM	INFORMATION
The PAS Group Pty Ltd
Australian Packaging Covenant signatory Signatory to the Australian Packaging Covenant, a voluntary agreement to encourage waste minimisation. [Source 2020][More on Packaging] Uzbek cotton commitment This company has signed the Cotton Pledge with the Responsible Sourcing Network, signifying a public commitment to not knowingly source Uzbek cotton for the manufacturing of any of their products until the Government of Uzbekistan ends the practice of forced labor in its cotton sector. The Uzbek government uses local government officials, hospital directors, and school presidents to mobilize workers; and detains and tortures human rights defenders seeking to monitor the harvests. [Source 2019][More on Human Rights]		C- grade in 2019 Ethical Fashion Report C- grade in the Baptist World Aid Australia's 'Ethical Fashion Report 2019', which grades companies, from A to F, on the strength of their systems to mitigate against the risks of forced labour, child labour and worker exploitation in their supply chains, as well as protect the environment from the harmful impacts of the fashion industry. Assessment criteria fall into five main categories: policies, transparency and traceability, auditing and supplier relationships, worker empowerment and environmental management. [Source 2019][More on Workers Rights] About the company This article called "5 Things You Didn't Know About PAS Group" reveals the extent of their holdings, including over 20 fashion brands plus Designworks, who make apparel under license and for Big W and Target private label brands. [Source 2014]
Coliseum Capital Management LLC
No assessment data currently available for Coliseum Capital Management LLC

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Related News

PAS Group acquires Jets
1st Dec 2015 — 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 an EBIDTA to sales ratio in excess of 15% this year.

PAS CEO Eric Morris believes the acquisition will push the Jets brand further into the global market.

'Jets is a strong brand in Australia with a highly developed design, production and distribution infrastructure.

'It also enhances our presence in the rapidly growing activewear market and provides a platform for significant future growth.

'In Australia, there are opportunities to increase its retail footprint and expand its online presence.

The PAS Group currently owns and operates major Australian fashion retailers including Review and Metalicus  [source]