Australian fashion brand Camilla receives minority investment
Australian luxury fashion brand Camilla has received a minority investment from Andrew and Nicola Forrest’s investment vehicle Tattarang.
As part of the investment, Tattarang will take a minority shareholding in Camilla Australia, who recently made a cameo in The White Lotus. It marks the first investment partnership the company has made since it was founded by Camilla Franks in 2004.
The investment is expected to help fund international expansion, following a strong global growth period, which now includes around 40 percent of sales overseas. Camilla currently runs 25 brick-and-mortar retail boutiques across Australia and the US and hundreds of stockists in 65 countries.
Overall, the company’s revenue jumped from $98 million to $118.2 million between 2021 and 2022, and the business recorded an $8.9 million profit for the 2022 financial year, up from $8 million in 2021.
Tattarang has aimed to support female founders at an early stage in their entrepreneurship journey. Most recently, they invested in SWEEF Capital, an impact investment firm focused on backing female entrepreneurs in South East Asia.
“We are delighted to back Camilla Franks, an extraordinary entrepreneur leading a cutting-edge fashion brand doing amazing things in the creative space,” said Tattarang director Nicola Forrest.
“Camilla is a brilliant example of a passionate and committed entrepreneur who truly cares about her brand and her customers and has put Australian fashion on the global stage, as well as being a role model to other female founders.”
Franks added, “I’ve finally found the perfect partner to help us colour the world. Partnering with Nicola and the Tattarang family is the perfect brand fit for our future vision. Through purposeful storytelling, creative and conscious empowerment and shared values and dreams we can take the business to a wider world stage.Together, we can elevate women on a global scale, harnessing the amazing artistic talent Australia has to offer, and lead with passion.”
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