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Zimmermann secures minority investment, will prob take over the world

Mrs Worldwide.

We know your exact emotions every time Aussie label Zimmermann reveals a new collection. Your jaw suddenly drops, your eyes become fixated and financial planning is in full swing before your pay cheque comes. We know, because we do it too. 

And now more of the world can feel those feelings with you.

Our Aussie powerhouse label has just secured a minority investment from General Atlantic, a growth equity firm, to power the brand’s global expansion. 

So far we know that General Atlantic will join the Zimmermann board as ‘strategic partners’ while (fortunately) not adopting an operational role in the business. The terms of the deal have not been disclosed.

According to Business of Fashion, the investment will be used to accelerate Zimmermann’s global ambitions, including expanding its wholesale network and online presence, and opening stores in new markets. 

Currently, Zimmermann has 22 standalone stores across Australia and the US. The label is also available through 250 stockists worldwide, including Barney’s New York, Saks 5th Avenue, Harrods and Net-a-Porter. 

“The strategy going forwards is to push further into the United States with retail, into Europe and, eventually, into Asia,” Nicky Zimmermann told Business of Fashion. 

General Atlantic’s other investments include Tory Burch as well as tech businesses Airbnb, Uber and Buzzfeed. 

zimmermannwear.com

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