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Fashion retail

This Month

Matteau’s founders, Ilona Hamer and Peta Heinsen.

The Australian womenswear brand that’s making waves everywhere

Founded by sisters and based in Noosa, where its “secret store” is used as a testing ground, Matteau is the ultimate quiet achiever. 

  • Lauren Sams
The Dusk store in Victoria Gardens, Melbourne. The company has 145 stores across Australia and New Zealand.

Barrenjoey trades 4pc of Dusk Group; offshore fund sells

Its equities desk crossed 2.46 million shares in the maker of candles and home decor, representing 4 per cent of the company shortly after market open on Friday.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

November

Private equity firm Crescent Capital has put swimwear business Tigerlily up for sale via Deloitte, three years after voluntary administration.

Iconic swimwear brand Tigerlily has plenty of US growth, buyers told

Deloitte was appointed to sell the label by private equity owner Crescent Capital in October, three years after emerging from voluntary administration.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
How high can prices really go? There seems, right now, to be no limit.

The one retail sector where soaring prices won’t stop people buying

Rare, precious and oh so expensive. Even as luxury prices continue to rise, consumers keep opening their wallets. Here’s why.

  • Lauren Sams
Shelley Sullivan, founder of MCo Beauty.

Luxe-for-less beauty brand wins hearts and purses

The millennial and Gen Z thirst for instant gratification has made MCoBeauty eager to get its “dupe” products on shelves as fast as possible.

  • Lauren Sams
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Brooke Marks (left) and Lauren Kennedy, founders of High End, a new luxury resale app.

Secret is out in battle for $50b luxury resale market

Australia is flooded with sites for second-hand luxury items, but making a profit when buyer and seller want the best bang for their buck is difficult.

  • Lauren Sams
Eva Kruse, Pangaia’s chief global engagement officer, in Sydney this month.

Sustainable fashion is possible, but not at the pace we’re going

Eva Kruse is the world leader in eco-friendly clothing. She thinks people can change, but need to move much faster than ever before.

  • Lauren Sams
Oroton CEO Jenny Child says consumers are making more considered purchases, but still willing to  invest in nice pieces.

How Oroton doubled its profit after years of turmoil

Oroton chief executive Jenny Child said regaining relevance and less discounting has been key to recording another year of growth.

  • Carrie LaFrenz
Matt and Lara Fells of St Agni at heir Byron Bay store.

How ‘less is more’ became a winning strategy for this Byron Bay label

St. Agni’s version of pared-back perfection is garnering fans on a global scale.

  • Eugenie Kelly
Andrew Forrest and former wife Nicola have acquired Akubra for an undisclosed sum.

Andrew and Nicola Forrest buy Akubra

The Forrests have taken on the Australian hat brand, their third fashion deal in four years, saying they’ll make it “more fashion-forward”.

  • Lauren Sams
Ex-Murray Goulburn CEO Ari Mervis has been named the new Myer chairman.

Solomon Lew raises concerns too many Myer executives are quitting

The billionaire retailer is the department store’s largest shareholder and has urged it to provide a market update at its annual meeting on Thursday.

  • Carrie LaFrenz
The Oroton store at Sydney’s QVB has a window display with augmented reality screen, so passersby can try on a virtual handbag.

How to wear a luxury handbag for free

In a crowded fashion market, the luxury brand is using augmented reality screens to allow customers to try on bags without setting foot in its stores.

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  • Lauren Sams
Rex Zhang, left, and Nathan Yun launched Paire in late 2020, starting with socks.

Why these brands don’t believe in cutting new clothes from old cloth

Two companies – one Australian, one in the United Kingdom – are focused on fashioning a better apparel industry. Their first stop: fabrics that are more sustainable.

  • Lauren Sams
Camilla Franks, photographed for AFR Magazine in March 2023.

Andrew Forrest, Camilla and the $24m payday

Six months after Andrew Forrest’s Tattarang took a 25 per cent stake in the business, he has taken a small payday as the company’s operating profit has halved.

  • Lauren Sams
Cotton On CFO Michael Hardwick (left) and CEO Peter Johnson at the Geelong head office.

Cotton On posts record sales after overseas push

The group behind popular retail names like Typo and Supre posted a record $2.2 billion in sales and opened more than 100 stores overseas last year.

  • Carrie LaFrenz
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Shelley Du Flou is the founder of Vine Apparel.

Melbourne Cup field try fashion retailer Vine Apparel on for size

Potential investors were told Vine makes $40 million at the revenue line and is forecasting $70 million by the 2026 financial year.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

October

Shopping in Paris: economic indicators in the eurozone are weakening in the face of higher borrowing costs.

Gucci sales fall as Kering lags peers facing luxury slowdown

Demand for Balenciaga is still suffering from the fallout over an ad campaign scandal last year.

  • Angelina Rascouet

A pair of statement heels landed this uni dropout on the Young Rich List

Argylica Conditsis’ business started when she couldn’t find bedazzled shoes. This year, she and brother William debut on the list of Australia’s most wealthy under 40.

  • Eugenie Kelly
Jake Paco at his warehouse in Alexandria, Sydney.

His teachers said he’d end up in jail. Now he’s on the Young Rich List

Geedup founder Jake Paco has conquered his demons and is taking his cult streetwear brand from western Sydney to New York.

  • Carrie LaFrenz
Kelly Lippman, owner and creative director of Olga Berg, is hanging up the for sale sign.

Handbags at dawn: FTI puts Olga Berg on the block

The bag maker is targeting $10 million plus revenue and $3.4 million EBITDA by FY26, looking to strategic partnerships and expanding its online presence for growth.

  • Sarah Thompson, Kanika Sood and Emma Rapaport