![](https://www.forbes.com.au/wp-content/uploads/2023/08/PORTRAIT_NICKY-SIMONE-ZIMMERMANN_HI_1-e1691477583988.jpg?w=1543)
Zimmermann now Australia’s highest-valued fashion brand after billion dollar deal
US private equity firm Advent International has bought a majority stake in womenswear label Zimmermann, setting a new bar in the Australian fashion industry with the $1.5 billion acquisition.