Todays AFR street talk mentions that Aust swimwear label Baku is looking for new investors to help fund growth. According to the article, it makes about $5m EBITDA and has been growing at 12% per annum. The process should be good for highlighting interest in the sector, although I am surprised by how big\profitable this brand is and if the numbers are true, how crowded is this segment becoming. That said, if there is strong interest from investors, it should only be positive for PGR JETs plans/valuation.
Baku looking for new investors
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