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PAS GROUP: Jets swimwear business acquired

MAJOR Australian clothing company PAS Group acquired for an undisclosed amount the local swimwear brand Jets, which had recently diversified into activewear. The founder in 2001 of the swimwear label, designer Jessika Allen, will remain as design director for at least 18 months before assuming a consulting role. PAS Group CEO Eric Morris said that Jets would provide a platform for growth in the rapidly expanding Australian activewear market. Expansion plans include development of retailing activities as well as broader international distribution.

Jets

Jets

As a leading apparel company in its market, PAS Group will have access to the means of developing significantly its new swimwear label.

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