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

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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.

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