COVID-19 STORM: FASHION RETAIL GROUP IN ADMINISTRATION

The COVID-19 storm has hit the fashion sector hard, major fashion retail group PAS Group has entered voluntary administration.

The financial market condition along with the COVID-19 crisis, the board felt it was best to enter voluntary admission to protect all stakeholders involved.

The PAS Group has a strong desire to restructure the Group so it can operate sustainably in the future. The Group owns major New Zealand and Australian brands including Review, Black Pepper and Design Works - with 225 shops in total.