Andrew Forrest buys iconic bootmaker RM Williams

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.