Zimmermann smashes valuation record in Advent sale
Lauren SamsFashion editor
Updated
Private equity firm Advent International has acquired a majority stake in Zimmermann, in a transaction valuing the Australian fashion brand at $1.5 billion to $1.75 billion. It represents the highest-ever valuation of an Australian fashion brand.
Advent will acquire the shareholding from Italian firm Style Capital, which purchased what was estimated to be a 70 per cent stake in 2016 from American private equity firm General Atlantic.
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