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Agenda-setting intelligence, analysis and advice for the global fashion community.

What Zimmermann Did Right

This week, the Australian label’s founders and private equity backers sold a majority stake to Advent International in a deal valuing the business at just over $1 billion at a time when others in the accessible luxury space have struggled to find buyers.
Advent is is acquiring a majority stake in Australian fashion brand from the founding sisters and Italian fund Style Capital.
Advent is is acquiring a majority stake in Australian fashion brand from the founding sisters and Italian fund Style Capital. (Courtesy)

All year fashion’s M&A market had been at a near standstill as investors became choosier about their targets — and how much they would pay for them — against a backdrop of rising interest rates and worries over a consumer slowdown.

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