Money: The Greatest Showman seeks $25 million R.M. Williams payday - PressFrom - Australia
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MoneyThe Greatest Showman seeks $25 million R.M. Williams payday

10:00  16 may  2019
10:00  16 may  2019 Source:   smh.com.au

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Iconic Australian bootmaker R . M . Williams has been put up for sale, with its owners, including Hollywood actor Hugh Jackman, looking to offload the company for as much as 0 million. A sale at that price could deliver the star of The X- Men and The Greatest Showman $ 25 million for his

Lyrics: A Million Dreams Hugh Jackman, Michelle Williams million dreams for the world we're gonna make There's a house we can build Every room inside is filled With things A sale at that price could deliver the The X- Men and The Greatest Showman star a $ 25 million cashout for his minority stake.

The Greatest Showman seeks $25 million R.M. Williams payday © James Brickwood R.M. Williams' owners are looking to sell the bootmaker.

Iconic Australian bootmaker R.M. Williams has been put up for sale, with its owners including Hollywood actor Hugh Jackman looking to offload the company for as much as $500 million.

A sale at that price could deliver the The X-Men and The Greatest Showman star a $25 million cashout for his minority stake.

R.M. Williams is majority-owned by Singapore-based L Catterton Asia, a private equity firm backed by the owners of Louis Vuitton. The firm has brought in investment bank Goldman Sachs to look for buyers and run an auction for the Adelaide-based company later this year, sources confirmed.

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Williams ' most successful products were handcrafted riding boots. These boots unique when they were introduced to the market, as they consisted of a single piece of leather that was stitched at the rear of the boot (the models that " The Greatest Showman seeks $ 25 million R . M . Williams payday ".

A Million Dreams. Ziv Zaifman. Featuring Michelle Ingrid Williams & Hugh Jackman. [Verse 2: Young P.T./Ellis Rubin] There's a house we can build Every room inside is filled With things from far away Special things I compile Each one there to make you smile On a rainy day .

The Greatest Showman seeks $25 million R.M. Williams payday © AP Australian Hollywood star Hugh Jackman owns 5 per cent of the bootmaker.

R.M. Williams - best known for its elastic-sided horseriding boots - has been a mainstay of rural fashion since its foundation in 1932, and in recent years has been positioning itself as a luxury shoe brand for "townies" both in Australia and abroad.

The company has about 50 retail shopfronts, including outlets in New York, London, New Zealand and Scandinavia, and its boots are stocked in about 500 department stores.

Global sales push

R.M. Williams sales have been growing thanks to that global push, coming in at $142 million last financial year. That was up from $126 million in 2017, $119 million in 2016 and $124 million in 2015, documents filed with the corporate regulator show.

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The official audio of "A Million Dreams" by The Greatest Showman Cast from ' The Greatest Showman Soundtrack'. Atlantic Records prides itself for working on Motion Picture Soundtracks, such as “ The Greatest Showman ”, “Suicide Squad” and “The Fate of the Furious.”

25 318 просмотров. Опубликовано: 1 февр. 2018 г. A Million Dreams - The Greatest Showman (Lyrics) Subscribe, like, & comment! ilysm and u srsly need to watch this movie if you haven't.

The bootmaker's largest shareholder is L Catterton, a private equity investor backed by LVMH Moët Hennessy - the French luxury goods conglomerate that owns Louis Vuitton, Christian Dior, Givenchy, and the famous Moët Hennessy Champagne house.

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L Catterton bought a 49.9 per cent stake in R.M. Williams from then-owner, former News Corp Australia boss Ken Cowley, in 2013, and upped that to 82 per cent a year later.

IFM Investors, which operates on behalf of non-profit Australian superannuation funds, owns 13 per cent of the company.

'Brand ambassador'

Hugh Jackman, who was one of Hollywood's highest paid actors in 2013 pulling in $60 million from two films, owns the remaining 5 per cent.

Jackman has recently been fronting an R.W. Williams ad campaign as a "brand ambassador".

Sources close to the deal said all three investors were looking to sell to the right buyer.

R.M. Williams' sellers are looking to fetch between $400 million and $500 million for the company, they said.

A price of that magnitude would be a strong return on their investment, having bought the company for about $110 million in 2014.

L Catterton and IFM Investors have been contacted for comment.

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