Todays AFR street talk mentions that Aust swimwear label Baku is...

Todays AFR street talk mentions that Aust swimwear label Baku is looking for new investors to help fund growth. According to the article, the brand has $5m EBITDA and has been growing at 12% per annum. While Im surprised at how big/profitable this brand is, and how crowded this segment may be becoming, strong investor interest should help to provide greater insight into the current valuation of JETs. In an ideal world, PGR would participate, but if Baku are looking for an 8x multiple like Tigerlilly, it likely to be beyond the PGR balance sheet.