Brand founders Simone and Nicky Zimmermann retain minority shareholding and say they and current management will continue to run the label
Follow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcast
Zimmermann has become Australia’s first billion-dollar fashion label after a majority acquisition by private equity firm Advent International.
The label’s founders, sisters Simone and Nicky Zimmermann, have retained a minority shareholding in the brand and said the company would continue to be run by them and current management.
Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup
About Author
More Stories
The new school year is usually a time of joy but Jewish parents in Sydney are feeling anxious and uncertain
European Central Bank cuts interest rates after eurozone growth stalls
Future Made in Australia bill set to pass but much of Labor’s remaining agenda up in the air