Australias PAS Group, which owns high-street clothing brands Review, Black Pepper and Yarra Trail, recently entered voluntary administration. The company employs 1,300 people and operates 225 shops in Australia and New Zealand. The decision by the group, which has struggled for years, follows a recent announcement that it was looking at restructuring options.
The PAS Group board has appointed PwC partners Stephen Longley, David McEvoy and Martin Ford as voluntary administrators.
It was a tough time for Australian retailers even before the pandemic hit in March, with several household names, including homewares chain Ishka, Harris Scarfe, Jeanswest, Bardot, Bose, EB Games and Dimmeys, collapsing in late 2019 and early 2020.
The company board…
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