Billionaire Andrew Forrest's private investment company has flagged a spending spree on lifestyle assets and iconic Australian brands after buying RM Williams for about $190 million.
In a vote of confidence in tourism, entertainment and consumer spending in the economic recovery from the COVID-19 pandemic, the mining billionaire wants to build the biggest lifestyle company in Australia.
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Brad Thompson was a reporter at The Australian Financial Review
Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
