Australian high-end fashion label Zimmermann has doubled its revenue for the financial year to June 30, 2025, hitting $645.7 million. This is up from $299.7 million in FY24.
This comes two years after the brand was snapped up by Advent International for around AU$1.5 billion, which is currently the highest valuation of an Australian brand. Zimmermann was founded in 1991 by Simone and Nicky Zimmermann. Following the acquisition, both founders retained a small minority share in the brand.
The revenue results come from the brand’s ultimate holding company, AI Grace Aus HoldCo Pty Ltd, in a financial report filed to ASIC and obtained by Ragtrader.
According to the report, Zimmermann’s sales more than doubled, which was not enough to swing back the brand’s losses into the green. The womenswear brand’s total loss for the year was $2.7 million – a vast improvement from the $50 million loss in FY24.
Key expenditures impacting the losses include a doubling in employee benefits expenses to $151.4 million, a doubling of occupancy expenses to $24 million, and a doubling of marketing expenses to $37.4 million. The brand also doubled expenses in travel, samples, selling and administration as well as depreciation and amortisation costs.
The loss before income tax was $8.8 million, vastly improved from the $83.1 million PBT loss in FY24.
The ASIC filings also confirmed that a majority of its FY25 sales came from retail, making up 53.5 per cent, with wholesale making up 33.5 per cent, while digital made up 13 per cent.
The boom in sales follows a boom in scale for the luxury fashion brand. When Zimmermann was snapped up in mid-2023, the brand had 58 stores globally. Today, the brand has 91 stores worldwide. This includes deeper growth in the Middle East and China, where the brand has 5 stores and 4 stores respectively.
Zimmermann products are also sold through the likes of David Jones and Net-A-Porter.