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Advent Buys Zimmermann in $1 Billion Deal

Advent Buys Zimmermann in $1 Billion Deal

The investment by Advent, the financial terms of which were not disclosed, will allow Zimmermann to speed up expansion abroad including in Asia and the Middle East, and boost its distribution network, including the digital offer.

Founded in Sydney in 1991 by sisters Nicky and Simone Zimmermann, the brand has grown in the last three decades to gain international recognition for its luxury swimwear and elegant floral prints reminiscent of…


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No more ice cream with Mt Fuji: Japan train line phases out snack carts

No more ice cream with Mt Fuji: Japan train line phases out snack carts

Only 6% of health systems have generative AI strategy: report