Iconic Australia bootmaker RM Williams bought by mining tycoon Andrew 'Twiggy' Forrest
Iconic Australian bootmaker, RM Williams is being brought back to home soil, thanks to new owner, mining magnate Andrew 'Twiggy' Forrest.
It is reported Mr Forrest bought the company in a deal worth $190m, from an American private equity company.
"We just saw a great Australian product, a legacy for our country, and it just needed to be Australian," he said.
Andrew 'Twiggy' Forrest,, who has bought RM Williams, and his wife Nicola, in Perth in January. Philip Gostelow
Hugh Jackman appears nude in R.M. Williams commercial. R.M. Williams
"It just needed to come back home. We thought now is the time, let's bring it home," he said.
The bootmaker's factory is in Adelaide and employs 900 workers.
It was started in 1932 by Reginald Murray Williams.
Hugh Jackman appears nude in R.M. Williams commercial. R.M. Williams
As part of the deal, Australian actor Hugh Jackman will relinquish a five per cent stake in the business, which is worth around $10 million.
He will remain on as the brand's global brand ambassador.
A cheeky new advert starring the actor was recently launched.
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