Australian billionaire Dr Andrew ‘Twiggy’ Forrest and his wife Nicola’s private investment firm acquired a minority stake in Sydney-based luxury fashion brand CAMILLA in a deal believed to be worth around $40 million. I got
Tattarang’s capital injection marks the first investment partnership for CAMILLA since it was launched by Camilla Franks at the 2004 Australian Fashion Week.
Known for its distinctive prints and bold designs, the fashion brand is sold in 65 countries and boasts 22 boutiques in Australia and three in the United States.
The support from Tattarang comes more than two years after the acquisition. Signed a deal reportedly worth $190 million with Adelaide-based bootmaker RM Williams.
Mr Franks said he is delighted to have Tattarang as an investor and partner in CAMILLA.
“Finally, we have found the perfect partner to help us color the world. Partnering with Nicola and the Tattarang family is the brand that fits our vision for the future,” said Franks. increase.
“Through intentional storytelling, creative and conscious empowerment, and shared values and dreams, we can bring our business onto the wider global stage.
“Together, we can harness the incredible artistic talent Australia has to offer and lead with passion to advance women on a global scale.”
As part of her philanthropic efforts, CAMILLA is now directing funds to The Hunger Project’s Selected Women’s Representation Program. Woman.
It’s been five years since the brand partnered with the same charity to help 1,000 girls in the northern Indian state of Bihar improve their lives and learn their rights through education.
Between 2018 and 2020, the project has prevented 578 child marriages and helped 311 girls to return to school. It also found that 92% of girls remained unmarried through the Adolescent Girls Program.
CAMILLA also has a donation department, pledging $20,000 to a Cairns-based coral reef conservation and research charity citizen of Great Barrier Reef (GBR) and $50,000 to eight different charities helping Australians affected by the bushfires.
The company’s swimwear line is made using Econyl, an Italian textile made from recycled materials salvaged from the ocean. Additionally, the brand’s polyester board his shorts are made from consumer waste.
Nicola Forrest said Tataran will allocate capital through direct and early-stage women-focused funding to level the playing field for women entrepreneurs and women-led or founded companies. He said he is actively working on
“Now is the time for change. I believe equality is more important and a focus on gender will have consequences for both women and men,” Forrest said.
“This is good for business because there is a strong correlation between gender equality and organizational success in terms of profitability, attraction and retention of top talent, and business reputation.
“We support the next generation of female entrepreneurs who take risks and boost their dreams. Australia needs more entrepreneurs like Camilla Franks.”
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