Hugh Jackman Relinquishes Share Of R.M. Williams But Remains Ambassador Following Twiggy Forrest Takeover

Hugh Jackman Relinquishes Share Of R.M. Williams But Remains Ambassador Following Twiggy Forrest Takeover

Hugh Jackman will retain his role as global ambassador for R.M. Williams, despite selling his five per cent share in the company to mining magnate Andrew ‘Twiggy’ Forrest.

It was revealed today Forrest’s private investment company Tattarang had bought the iconic Australian brand for $190 million.

“We’d like to employ more Australians and get more of these fantastic boots out to people who just love to wear a quality boot which you can pass on from mum to daughter and father to son,” he said.

“R.M. Williams – I just want to see that grow. I just want to see this organisation grow and grow with Australian craftsmanship, Australian quality, Australian reputation and back in Australian hands.”

It had been reported the company’s previous owner, US private equity firm L Catterton, was asking between $400 and $500 million for the brand.

The bootmaker was acquired by L Catterton in 2013.

Under the Forrest takeover, minor shareholders – including Jackman – will be bought out. This will see Jackman pocket around $10 million, according to reports in the Herald.

Despite no longer being a shareholder in the company, Jackman will remain an ambassador for R.M. Williams.

Jackman’s payday comes just weeks after a raunchy new campaign he led for the brand, which saw the movie star pose naked in a bathtub while donning the iconic boots.

 

 

 




Please login with linkedin to comment

r.m. williams

Latest News

Sydney Comedy Festival: Taking The City & Social Media By Storm
  • Media

Sydney Comedy Festival: Taking The City & Social Media By Storm

Sydney Comedy Festival 2024 is live and ready to rumble, showing the best of international and homegrown talent at a host of venues around town. As usual, it’s hot on the heels of its big sister, the giant that is the Melbourne International Comedy Festival, picking up some acts as they continue on their own […]

Global Marketers Descend For AANA’s RESET For Growth
  • Advertising

Global Marketers Descend For AANA’s RESET For Growth

The Australian Association of National Advertisers (AANA) has announced the final epic lineup of local and global marketing powerhouses for RESET for Growth 2024. Lead image: Josh Faulks, chief executive officer, AANA  Back in 2000, a woman with no business experience opened her first juice bar in Adelaide. The idea was brilliantly simple: make healthy […]