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Melbourne fashion label Nicholas has announced the appointment of KPMG Corporate Finance as strategic advisers in seeking an equity partner.

The movie will aim to assist in the brand's domestic and international expansion.

It has reportedly grown its revenue five fold since its inception into the market less then 10 years ago.

Nicholas has also made traction in the US, capturing landmark distribution with retailers such as Saks, Neiman Marcus, Bloomingdales and Intermix.

The label's founder Irene Nicholas believes seeking a partner will only further the success of the business.

“The team has done an amazing job getting Nicholas to where it is today.

“Now, we feel it appropriate to bring in a new partner or partners to help take our brand to the next stage of development.

“Our brand has grown incredibly quickly.

“We expect 80 per cent of sales to be sourced in the US this financial year alone.

“And a new global distribution agreement with a US distributor is about to be signed which will really extend the brand to new customers.”

KPMG Corporate Finance partner Luke Lawrentschuk said he is impressed by how quickly the label has gained momentum in the global market.

“We expect a high level of interest, particularly from US investors given the traction the brand has already attained there.

“Nicholas has continued to grow sales and deliver strong financial results for its owners – it’s a ray of light in what has been a challenging retail market but evidence that quality labels and brands can find customers quickly around the world.

“We are seeking a strategic partner in what we are sure will be another standout Australian fashion success story.”

 

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