Retail dealmaking frenzy reaches smaller brands hoping to cash in
Zimmermann has a new owner; so too does Seafolly. Bondi Sands was snapped up by a Japanese conglomerate for $450 million, and Aesop was sold for a record eight times that sum. Now the deal-making frenzy is pushing deeper into Australia’s consumer goods sector as smaller brands hope to cash in.
Shelley Du Flou’s Vine Apparel was founded 14 years ago at the Mona Vale markets in northern Sydney, selling breezy sun dresses. This year, the company is on track for $43 million in sales and estimates that number could reach $70 million by 2026.
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