Zimmermann was founded in 1991 by sisters Nicky and Simone Zimmermann. The brand is known for its high-end resortwear and swimwear. Zimmermann has a loyal following among celebrities and fashion influencers. The brand has over 50 stores worldwide, including flagship stores in Sydney, Melbourne, and London.
Image Credit: Zimmerman
Advent International is a global private equity firm with over $750 billion in assets under management. The firm has a long history of investing in the fashion industry. Advent International’s other investments in the fashion industry include brands such as J. Crew, Kate Spade, and Michael Kors.
In a statement, Advent International managing partner Ranjan Sen said, “We are excited to partner with Nicky and Simone Zimmermann to support the next phase of growth for their iconic brand.
Zimmermann is a leader in the global resortwear and swimwear market, and we believe that the brand has significant potential for further growth. We look forward to working with the Zimmermann team to accelerate the brand’s expansion into new markets and categories.”
The acquisition of Zimmermann by Advent International is a sign of the growing interest of private equity firms in the fashion industry.
The fashion industry is a large and growing market, and it is ripe for disruption. Private equity firms are well-positioned to invest in the fashion industry and to help brands grow and scale.
The acquisition of Zimmermann by Advent International is also a sign of the growing popularity of Australian fashion brands. Australian fashion brands are known for their high quality, design, and craftsmanship. Australian fashion brands are increasingly popular in the United States and Europe. The acquisition of Zimmermann by Advent International is a vote of confidence in the future of Australian fashion.
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