The big AU retailer buy-outs

There's been big shifts at the top end of retail in Australia over the past 12 months. And overall the industry is going from strength to strength.

According to KPMG's 2023 report, all of the top 10 retailers generated over $5 billion AUD in revenue, and experienced year-on-year growth. 

Several Australian brands have attracted new buyers and majority shareholders over the past year.

Fashion label, Zimmerman, attracted the eye of global private equity firm, Advent International, who reportedly acquired a majority stake somewhere between $1.3-1.7 billion AUD.

Japanese beauty giant, Kao Corporation, purchased popular self-tanner brand, Bondi Sands, in a deal valued at $450 million. 

Japan's Seven & I Holdings has purchased the Australian 7-Eleven division of the global business for $1.7 billion AUD. Currently 7-Elevan has over 750 stores in its AU retail portfolio.

And, possibly the biggest deal we've seen recently in the AU landscape happened just over a year ago when French cosmetics behemoth, L’Oréal, purchased luxury skincare brand Aesop for $3.7 billion AUD.