Activewear queen Lorna Jane Clarkson has bought back the 40 per cent of her eponymous retail chain previously owned by CHAMP Ventures in a $28 million deal inked just before the coronavirus turmoil started.
Under the deal, signed on March 3, Clarkson and her co-founder and husband Bill pay $70 apiece for the 400,000 shares in Lorna Jane owned by CHAMP since 2010. It puts an overall value on Lorna Jane of $70 million.
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Michael Bailey writes on arts and culture, and edits Weekend Fin. He is a former editor of the Financial Review Rich List. He is based in Sydney. Connect with Michael on Twitter. Email Michael at m.bailey@nine.com.au
