Fresh from a capital injection from the billionaire Forrest family, Australian fashion designer Camilla Franks has taken a $20 million-plus payday from her eponymous resort-wear brand.
The company, known for its holiday-ready kaftans and pyjama-style silk sets, lifted revenue by 9 per cent to $130 million in 2022-23, according to accounts lodged with the corporate regulator. But a blowout in legal, travel and accommodation costs helped to crunch operating profit, which fell to $8.2 million from $14.8 million in the year before.
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Lauren Sams is the fashion editor, based in Sydney. She writes about lifestyle including the arts, entertainment, fashion and travel. Lauren has worked as a features editor and fashion journalist for ELLE, marie claire and more. Email Lauren at lauren.sams@afr.com
