LVMH makes investment in Australian brand
15/04/2013
L Capital Asia has acquired a 49.9% share in the company; owner and chairman, Ken Cowley, will retain a majority shareholding in the RM Williams business.
Ken Cowley and his family assumed sole ownership of RM Williams in October 2003.
Mr Cowley said: “RM Williams is part of the heritage and fabric of the Australian way of life. It is a brand that we can all identify with. We are committed to the RM Williams legacy and are ensuring the future growth of this company by aligning with L Capital, which is sponsored by one of the globe’s most authoritative luxury groups, LVMH. RM Williams will always manufacture quality product in Australia. Our new partners share our commitment to protect and develop this fundamental element of our business.”
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