About: http://data.cimple.eu/news-article/7fedd470ae48f2648afd5fbea06496aa7b1b8ec6a72dc7ca9020d589

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About: http://data.cimple.eu/news-article/7fedd470ae48f2648afd5fbea06496aa7b1b8ec6a72dc7ca9020d589 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	RM Williams, maker of the iconic Australian outback boot, is returning to its roots after mining tycoon Andrew Forrest bought the brand from a Louis Vuitton-backed equity firm, he announced Monday. Founded in 1932 by bushman Reginald Murray Williams, the outfitter became one of Australia's best known brands, most famous for the hand-crafted ankle-high boots worn by ranch hands, business executives and fashionistas alike. Control of the company was acquired in 2010 by an equity fund sponsored by global luxury company LVMH, though some Australians, including actor Hugh Jackman, were investment partners. Forrest took control of the firm, which has 900 Australia-based staff, through an investment company he jointly owns with his wife Nicola. "Nicola and I are incredibly proud and humbled to be able to bring RM Williams back under Australian ownership," he said in a statement, calling the outfitter "a quintessential Aussie brand with a long and proud history of high-quality Australian craftsmanship." Forrest, founder and chairman of mining giant Fortescue Metals, said he had been wearing "RMs" since his days as a "jackaroo" ranch hand in remote Western Australia. "To wear RMs is to wear the boots of the countless hard-working Australians that have come before us," he said. RM Williams' son Mike said his father would be pleased to see the company fully back in Australian hands. He told the Australian Broadcasting Corporation the company had lost touch with its Aussie roots as LVMH sought to attract a more global urban market. "To make jeans which were tight-legged and to see models with their boot cuffs rolled up as they did in Europe ... wasn't in keeping with their history and who they were," he said. dm/arb/mtp
schema:headline	Mining magnate brings iconic outback boot brand home to Australia
schema:mentions	Private equity Malaysian ringgit Australian Broadcasting Corporation Jeans Western Australia Ranch Boot Europe Australia R. M. Williams Jackaroo (trainee) Andrew Forrest Hugh Jackman Outback LVMH
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-10-19 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	80 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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