The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
The capital injection reported to be worth about AU$40 million (US$28.4 million) marks the resort-wear brand’s first external investment since its launch in 2004 by designer Camilla Franks.
Tattarang, a Perth-based private investment group controlled by mining tycoon Andrew Forrest, previously acquired Australian bush outfitters brand RM Williams from L Catterton for AU $190 million (US $143 million) in 2020. The Australian group’s former chief executive Andrew Hagger, who oversaw the RM Williams deal, also led the $1.16 million funding round of the Australian luxury fashion app Her Black Book last year.
Tattarang director Nicola Forrest said the investment firm is currently focusing on female founders at an earlier stage of their entrepreneurship and assisting more businesswomen to develop enterprises to the scale of Camilla. “I’ve finally found the perfect partner to help us colour the world,” said Camilla Franks. “Partnering with Nicola and the Tattarang family is the perfect brand fit for our future vision.”
Camilla chief executive Jane McNally told Inside Retail that Camilla’s leadership team won’t change under the partnership, and that the investment into international markets will likely mean new overseas hires in the coming months. The brand currently has a presence in approximately 65 countries and operates 25 physical retail stores across its home market and the US. The designer’s styles were featured several times in HBO’s recent successful TV series ‘The White Lotus.’
Learn more:
Australia Invests Big in Its Fashion Industry
At a time when government funding is scarce elsewhere, Australia is injecting more than $380 million into its fashion and design industries. Is the money being well spent?
Despite decades of volatility in Latin America’s third-largest economy, some local fashion entrepreneurs have found success thanks to a combination of grit, determination and hyper-adaptability.
This week’s round-up of global markets fashion business news also features Hong Kong jewellery giant Chow Tai Fook, Ghana’s travel retail move and Brazilian apparel retailer Lojas Renner.
This week’s round-up of global markets fashion business news also features Japanese cosmetics group Kosé, Pakistan’s e-commerce market and JD.com’s management shakeup in China.
Actors are a particularly effective way of reaching Indian consumers, but fashion brands should consider widening the net to include other famous faces like local musicians, athletes and celebrity influencers, say marketing experts.