Home / Knowledge / News / Apparel/Garments / Specialty Fashion Group acquires Aussie brand 'Rivers'
Specialty Fashion Group acquires Aussie brand 'Rivers'
28
Nov '13
Specialty Fashion Group Limited the largest specialty retailer of women’s fashion in Australasia, is proud to announce that it has acquired the business and assets of iconic Australian apparel brand, Rivers Australia (Rivers).

Key highlights

- Rivers is a well-known Australian brand with a long history dating back almost three decades, when it commenced operations as a shoe manufacturing business. Today it is a well recognised retailer with 160 stores across Australia;

- The acquisition is part of the Group’s long-term growth strategy to expand its footprint in the mature, value segment of the specialty fashion market and marks the Group’s entrance into value footwear, men’s and children’s clothing; and

- Specialty Fashion Group’s research shows that Rivers is the favourite footwear brand of Millers’ customers, and almost 50% of mens’ clothing purchases are made by women, giving the Group the unique opportunity to leverage its seven million strong customer database.

Gary Perlstein, Specialty Fashion Group CEO, said: “Specialty Fashion Group is delighted to add the Rivers Australia brand to its portfolio. Rivers has a strong, loyal following, built on its reputation for comfortable, good quality products and we look forward to working closely with the Rivers team to reinvigorate the business and integrate the brand into the Group. All Rivers employees will be offered employment in the Group.

“For Specialty Fashion Group, the transaction makes business sense as it is a highly complementary acquisition. The iconic Rivers brand resonates strongly with the Group’s existing customer base. There is an operational improvement opportunity in the short-term, and we expect to grow the brand, with material benefits from the acquisition to flow through from FY2015.”

Strategic rationale for the acquisition

Specialty Fashion Group operates in a retail environment where quality, price and value are critical to its customer base. The acquisition of Rivers is beneficial for the Group because:

- The acquisition enhances the Group’s market leading position in the mature, value segment of specialty fashion and footwear retail;

- It marks the Group’s entrance into value footwear, men’s and children’s clothing markets, expanding the Group’s reach to new and current customers; and

- Rivers is an iconic Australian brand that is a complementary fit for the Group’s brand portfolio and presents significant growth opportunities that are expected to be realised by FY2015.

Click here to read more

Specialty Fashion Group


Must ReadView All

Robert Lighthizer speaking at the opening of the ministerial plenary of the 16th Forum of AGOA, in Lome. Courtesy: US Embassy in Togo

Textiles | On 17th Aug 2017

US committed to Africa, Lighthizer tells AGOA forum

The United States and Africa can jointly create a better business...

Textiles | On 17th Aug 2017

Sri Lankan textile exports down 4.1% in May 2017

After showing positive trend for two consecutive months, Sri Lankan...

Courtesy: CBEC

Textiles | On 17th Aug 2017

E-commerce firms need to file monthly statements: CBEC

India’s Central Board of Excise and Customs (CBEC) has clarified that ...

Interviews View All

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

August 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.0%
No
17.2%
Skip
13.8%

Total Votes: 29

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
41.4%
No
37.9%
Skip
20.7%

Total Votes: 29

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
82.8%
No
6.9%
Skip
10.3%

Total Votes: 29

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
58.6%
No
10.3%
Skip
31.0%

Total Votes: 29


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X