loader

Brand founders Simone and Nicky Zimmermann retain minority shareholding and say they and current management will continue to run the label

Follow our Australia news live blog for latest updates

Get our morning and afternoon news emails, free app or daily news podcast

Zimmermann has become Australia’s first billion-dollar fashion label after a majority acquisition by private equity firm Advent International.

The label’s founders, sisters Simone and Nicky Zimmermann, have retained a minority shareholding in the brand and said the company would continue to be run by them and current management.

Sign up for Guardian Australia’s free morning and afternoon

Leave a Reply