Australian clothing retailer PAS Group enters voluntary administration

Australian clothing retailer PAS Group Ltd on Friday said it had entered voluntary administration to review its operations, citing the tough financial market conditions and the crisis caused by the coronavirus pandemic.

The company suspended operations at all its brick-and-mortar shores across Australia and New Zealand and stood down all retail employees and support staff in late-March, when nation-wide curbs were put in place to control the spread of the virus. (Reporting by Rashmi Ashok in Bengaluru; Editing by Christian Schmollinger)