Australias bleak retail climate has claimed another scalp with the owner of high-street clothing brands Review, Black Pepper and Yarra Trail sinking in to administration.
PAS Group, which employs 1300 people and operates 225 shops in Australia and New Zealand announced on Friday it had entered voluntary administration.
The ASX-listed group owns a portfolio of womens fashion brands but has struggled for years.
The decision follows an announcement in April that the group was looking at restructuring options. PAS Group chief executive Eric Morris, said Fridays decision was difficult.
The Australian retail sector was already facing significant challenges prior to the COVID-19 pandemic, he said.
Against the backdrop of many retailers closin…
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