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Bigger is better: Former PAS Group CEO talks Brand Collective merger

When Larry Kestelman’s private equity firm LK Group acquired Melbourne-based retail business Brand Collective from Anchorage Capital Partners last year, the entrepreneur and owner of the National Basketball League said there were benefits to keeping the house of brands separate from his other recent retail acquisition, PAS Group. So Thursday’s announcement that the two retail businesses are merging into a single $600 million entity came as something of a surprise. What changed?  Eric Morris