Australian designer brands RM Williams, AJE and Camilla join in redevelopment of $ 800 million Karrinyup mall
A swag of Australian designer brands set to join in the redevelopment of the $ 800 million Karrinyup mall, as new report reveals booming fashion industry employs almost twice as many people than the mining sector.
New labels at Karrinyup will include Scanlan Theodore, AJE, Viktoria & Woods, Morrison, Camilla, Sass & Bide and Assembly Label, in what is expected to be WA’s largest collection of Australian designers under one roof.
Bootmaker RM Williams will also be joining the resort after falling back into Australian ownership last year. WA billionaire Andrew Forrest’s investment arm Tattarang bought the company for $ 190 million, which has movie star Hugh Jackman as a global brand ambassador. Mr. Jackman was previously a 5 percent shareholder of RM Williams.
The Karrinyup redevelopment is expected to be completed later this year, which will also include the first Perth store of global makeup giant Sephora.
Australia’s fashion and textile industry was revealed to be worth $ 27.2 billion annually in the first report commissioned by the Australian Fashion Council and Afterpay.
Around 489,000 Australians work in the growing sector, of which around two-thirds are employed full time.
WA has the country’s fourth-largest fashion industry – behind NSW, Victoria and Queensland – and employs 41,000 people who contribute $ 2.3 billion to the state’s economy.
Nationally, the industry generated $ 7.2 billion in export earnings, or nearly 2 percent of total exports. This put fashion and textiles ahead of wine and beer exports.
Anthony Eisen, Managing Director of Afterpay, said a full assessment of the industry and its “far-reaching economic impact” was long overdue.
Overall, the industry saw growth during the COVID-19 pandemic, largely due to an increase in online sales, but supply chain volatility and rising trade costs were found to be the biggest challenges in the sector.
The report also found that about three-quarters of the workforce are women, compared to 47 percent on the national average.
Australian Fashion Council chief executive Leila Naja Hibri said the research highlighted the “real economic clout” of the country’s vibrant and diverse industry.
“So far, the overall value of the industry’s economic contribution and its predominantly female workforce has not been fully recognized,” Ms. Hibri said.