Zimmermann has received a whopping $1.75 billion acquisition offer from private equity firm Advent International.
👉 Background: The Zimmermann brand was founded by two sisters in Sydney in the early 90's. And from a small market stall, they've managed to grow to 56 stores across Australia and the world.
👉 What happened: Now, Zimmermann has received a whopping $1.75 billion acquisition offer from private equity firm Advent International...This is the same investor who has seen rapid growth in Lululemon.
👉 What else: This big acquisition offer is juicy because the fashion industry has struggled to see significant acquisitions. In fact, many trendy Aussie clothing retailers have even gone into voluntary administration.
💡With the right strategy and execution, Australian retailers can actually overcome the challenges to attract substantial private equity investments.
💡When it comes to Aussie retailers going big, the list isn't long. We're seen it with Aesop's $3.7 billion acquisition in April... but not many others.
💡The secret sauce of the companies that have made it big? They got two things going for them:
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