The future of Ginger & Smart, one of the country’s best-known luxury women’s fashion designers, is uncertain after its private equity owners sold the business and the brand for a token amount.
Alquemie Group has also sold the remaining assets of SurfStitch, online surf and skate wear retailer that soared to a $500 million valuation a decade ago, to the same undisclosed buyer that purchased Ginger & Smart.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
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
