LVMH-Backed Fund Grabs $55M Stake In Aussie Retailer
L Capital Asia, a Singapore-based fund, will take a 49.9 percent stake in R.M.Williams, an 81-year-old Australian firm that specializes in boots, leather goods and other Outback-inspired clothing styles. Ken Cowley, the chairman and owner of R.M.Williams, will retain a 50.1 percent stake in the company.
The Wall Street Journal...
To view the full article, register now.