Private equity firm Advent International has bought a majority stake in Zimmermann from the founding family and Italy’s Style Capital, in a deal which sources said values the Australian fashion brand at more than one billion US dollars.
The deal’s financial details were kept under wraps, but according to two people familiar with the situation, the brand was valued at about US $ 1.15 billion, or roughly 14 times its core earnings.
Zimmermann has over US $ 260 million in revenue and a core profit margin of more than 30%, sources say.
According to a joint statement from Advent, Zimmermann, and Style Capital, the investment by Advent will enable Zimmermann to accelerate its international expansion, notably in Asia and the Middle East, and improve its distribution network, including the digital offer.
The Zimmermann family and Style Capital, an Italian private equity firm that specialises in luxury brands and is the owner of Twin-Set, Sundek, and Golden Goose, will hold a relevant minority stake in the business, they added. The business will continue to be run by its founders and current management.
Bharat Tex Special Report 2026 
