Australian label Zimmermann said to be on verge of being sold
Nicola Mira
Less than three years after being acquired by Italian investment fund Style Capital, Australian womenswear label Zimmermann is reportedly about to be sold. The label, renowned for its refreshing style, with flowery dresses and swimming costumes at once bohemian and sexy, is on the verge of being sold for €1 billion, according to a report by Milanese business daily MF Fashion
Style Capital, led by Roberta Benaglia, previously made a name for itself through the success of the Twin-Set and Golden Goose labels, which it managed to sell on to other investment funds, and still holds an extensive portfolio. It owns a majority stake in Forte Forte, and is a shareholder in MSGM
At the end of 2020, Style Capital bought from US investment firm General Atlantic
The label was founded in Sydney in 1991 under the aegis of designer Nicole Zimmermann and her sister Simone
In 2022, the label’s revenue was €270 million, and this year it is expected to reach €336 million, with an EBITDA of €80 million, according to MF Fashion.
Contacted by FashionNetwork.com
