An investment company owned by mining magnate Andrew ‘Twiggy’ Forrest and his wife Nicola has bought iconic bootmaker RM Williams, returning it to Australian ownership.
The Adelaide-based outfitter, founded by bushman Reginald Murray Williams in 1932, had been in the hands of American private equity firm L Catterton.
It employs 400 people at its Salisbury workshop in Adelaide and another 500 across Australia.
“Nicola and I are incredibly proud and humbled to be able to bring RM Williams back under Australian ownership,” Mr Forrest said.
“RM Williams is a quintessential Aussie brand with a long and proud history of high-quality Australian craftsmanship.”
The bootmaker had announced it was closing all of its Australian stores due to coronavirus in March.
More to come.