Up-for-sale Australian brand RM Williams’ earnings are forecast to more than triple by 2024 said investment bank Goldman Sachs in a pitch sent out to attract interest from potential trade and private equity buyers.
The long-rumoured sale process for L Catterton ’s R.M. Williams brand could be set to kick off soon with an Australian press report saying that September will see an auction process launching via Goldman Sachs.
R.M. Williams, the quintessentially Australian brand, is believed to be up for sale with a price tag between A$400 million and A$500 million (€247m to €309m). It’s controlled by private equity firm L Catterton Asia.