{"id":45778,"date":"2024-02-05T12:09:01","date_gmt":"2024-02-04T23:09:01","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=45778"},"modified":"2024-03-01T20:35:59","modified_gmt":"2024-03-01T07:35:59","slug":"fashion-tycoon-acquires-a-30-million-residence-following-the-sale-of-her-apparel-brand-for-1-billion","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/fashion-tycoon-acquires-a-30-million-residence-following-the-sale-of-her-apparel-brand-for-1-billion\/","title":{"rendered":"Fashion tycoon, acquires a $30 million residence following the sale of her apparel brand for $1 billion"},"content":{"rendered":"<p><strong>PHOTO: Fashion mogul Simone Zimmermann. FILE<\/strong><\/p>\n<p>Simone Zimmermann, one-half of the Australian duo behind a fashion label that evolved from a stall at Paddington Markets to a global brand, has expanded her real estate holdings with the acquisition of a $30 million Bondi home. This five-bedroom property, situated just one house back from the renowned Bronte beach walk, has set new house price records for the area.<\/p>\n<div class=\"mol-img\">\n<div class=\"image-wrap fff-pic\"><img fetchpriority=\"high\" decoding=\"async\" id=\"i-4b92ff12d323268f\" class=\"blkBorder img-share b-loaded\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2024\/02\/03\/12\/74067085-13040963-Nicky_right_and_Simone_Zimmermann_left_sold_their_business_to_US-a-11_1706961621465.jpg\" alt=\"Nicky (right) and Simone Zimmermann (left) sold their business to US equity firm Advent International last year for an undisclosed amount believed to be upwards of $1billion\" width=\"634\" height=\"973\" data-gallery-handler-attached=\"true\" \/><\/div>\n<\/div>\n<p class=\"imageCaption\">Nicky (right) and Simone Zimmermann (left) sold their business to US equity firm Advent International last year for an undisclosed amount believed to be upwards of $1billion<\/p>\n<p>The residence boasts modern features, including a pool and multiple outdoor areas, yet is expected to undergo renovations before Zimmermann makes it her home. Positioned with a north-facing view toward the Ben Buckler peninsula, it shares proximity with the location where Simone purchased her last home in 2017 for $5.5 million.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"ZN2GFVM9fS\"><p><a href=\"https:\/\/propertynoise.co.nz\/au\/fashion-mogul-nicky-zimmermann-buys-60-million-vaucluse-trophy-home\/\">Fashion mogul Nicky Zimmermann buys $60 million Vaucluse trophy home<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content lazyload\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"\u201cFashion mogul Nicky Zimmermann buys $60 million Vaucluse trophy home\u201d \u2014 Property News Australia\" data-src=\"https:\/\/propertynoise.co.nz\/au\/fashion-mogul-nicky-zimmermann-buys-60-million-vaucluse-trophy-home\/embed\/#?secret=zmt9FhhdoG#?secret=ZN2GFVM9fS\" data-secret=\"ZN2GFVM9fS\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" data-load-mode=\"0\"><\/iframe><\/p>\n<p>Adjacent to the property stands a 1960s house, which previously held the suburb&#8217;s purchase price record at $15 million in 2013. This house was acquired by James Taylor, a venture capitalist known for supporting teal independents. Notably close is the residence of Brett Robson, the head of real estate at Macquarie.<\/p>\n<div class=\"artSplitter mol-img-group\">\n<div class=\"mol-img\">\n<div class=\"image-wrap\"><img decoding=\"async\" id=\"i-cd8f98068444854e\" class=\"blkBorder img-share b-loaded lazyload\" data-src=\"https:\/\/i.dailymail.co.uk\/1s\/2024\/02\/03\/11\/80805735-13040963-image-a-7_1706961557079.jpg\" alt=\"The property, which is has a pool and several outdoor areas\" width=\"634\" height=\"462\" data-gallery-handler-attached=\"true\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 634px; --smush-placeholder-aspect-ratio: 634\/462;\" \/><\/div>\n<\/div>\n<p class=\"imageCaption\">The property, which is has a pool and several outdoor areas<\/p>\n<\/div>\n<div class=\"artSplitter mol-img-group\">\n<div class=\"mol-img\">\n<div class=\"image-wrap\"><img decoding=\"async\" id=\"i-b75593dd5f0ec28a\" class=\"blkBorder img-share b-loaded lazyload\" data-src=\"https:\/\/i.dailymail.co.uk\/1s\/2024\/02\/03\/11\/80805729-13040963-image-a-8_1706961567365.jpg\" alt=\"The north-facing home looks out towards Ben Buckler peninsula, where Simone bought her last home in 2017 for $5.5million\" width=\"634\" height=\"423\" data-gallery-handler-attached=\"true\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 634px; --smush-placeholder-aspect-ratio: 634\/423;\" \/><\/div>\n<\/div>\n<p class=\"imageCaption\">The north-facing home looks out towards Ben Buckler peninsula, where Simone bought her last home in 2017 for $5.5million<\/p>\n<\/div>\n<div class=\"artSplitter mol-img-group\">\n<div class=\"mol-img\">\n<div class=\"image-wrap\"><img decoding=\"async\" id=\"i-e3cf205d08c39464\" class=\"blkBorder img-share b-loaded lazyload\" data-src=\"https:\/\/i.dailymail.co.uk\/1s\/2024\/02\/03\/12\/80805731-13040963-image-a-10_1706961604471.jpg\" alt=\"While the property is fairly modern, it is anticipated to undergo renovations before Zimmermann moves in.\" width=\"634\" height=\"414\" data-gallery-handler-attached=\"true\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 634px; --smush-placeholder-aspect-ratio: 634\/414;\" \/><\/div>\n<\/div>\n<p class=\"imageCaption\">While the property is fairly modern, it is anticipated to undergo renovations before Zimmermann moves in.<\/p>\n<\/div>\n<p>In 2023, Simone and her sister Nicky sold their luxury fashion brand Zimmermann for a reported sum exceeding $1 billion to US equity firm Advent International. This move followed Advent International&#8217;s offer of $1.75 billion for the brand, worn by celebrities like Beyonc\u00e9, Taylor Swift, and Kendall Jenner.<\/p>\n<p>The Zimmermann brand, established in 1991 in Sydney, has grown to encompass 58 stores worldwide. Nicky started the venture by designing dresses in her parent&#8217;s garage and selling them at Paddington Markets. Simone joined the business in 1991, and today, the brand has a presence in the UK, Europe, US, and China, with a recently opened design studio in Paris.<\/p>\n<p>With dresses ranging from $495 to $3,500, the business had previously attracted investment, with Milan-based investment fund Style Capital acquiring a 70% stake for $408 million in 2020. The recent sale to Advent International has left the Zimmermann sisters and Style Capital with significant minority shareholdings, ensuring their continued involvement in steering the brand&#8217;s future growth.<\/p>\n<p>SOURCE: <a href=\"https:\/\/www.dailymail.co.uk\/tvshowbiz\/article-13040963\/Simone-Zimmermann-purchases-home-Bondi.html\">THE DAILY MAIL<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PHOTO: Fashion mogul Simone Zimmermann. FILE Simone Zimmermann, one-half of<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/fashion-tycoon-acquires-a-30-million-residence-following-the-sale-of-her-apparel-brand-for-1-billion\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":45779,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478130124,478130115,478130118,478130123,478117671,478107441,478110479,478130130,478101524,478117927,478130120,478130117,478130125,478130113,478129842,478130128,478130116,478109941,478110653,478130122,478101668,478130127,478103878,478099505,478098515,478130114,478130129,478098599,478130119,478130121,478130126],"class_list":["entry","author-data123nz","post-45778","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-1-billion-sale","tag-30-million","tag-1960s-house","tag-advent-international","tag-ben-buckler-peninsula","tag-beyonce","tag-bondi-home","tag-bondi-mansion","tag-bondi-property","tag-bondi-real-estate","tag-brett-robson","tag-bronte-beach-walk","tag-celebrity-fashion","tag-fashion-tycoon","tag-global-expansion","tag-high-end-dresses","tag-house-price-records","tag-james-taylor","tag-kendall-jenner","tag-luxury-fashion","tag-macquarie","tag-paris-design-studio","tag-property-purchase","tag-real-estate-portfolio","tag-renovations","tag-simone-zimmermann","tag-style-capital","tag-taylor-swift","tag-venture-capitalist","tag-zimmermann-fashion-brand","tag-zimmermann-stores"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Fashion tycoon, acquires a $30 million residence following the sale of her apparel brand for $1 billion - Property News Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertynoise.co.nz\/au\/fashion-tycoon-acquires-a-30-million-residence-following-the-sale-of-her-apparel-brand-for-1-billion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fashion tycoon, acquires a $30 million residence following the sale of her apparel brand for $1 billion - Property News Australia\" \/>\n<meta property=\"og:description\" content=\"PHOTO: Fashion mogul Simone Zimmermann. 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