RM Williams bought by Andrew 'Twiggy' Forrest

[davidc4430]

RM Williams bought by Australian mining tycoon Andrew 'Twiggy' Forrest

https://www.abc.net.au/news/2020-10-19/rm-williams-bought-australian-ownership-andrew-twiggy-forrest...

i have a pair of R M Williams boots i bought when i was 19, that makes em about 40 years old

they cost me $70 with a discount my father got through his job

today the same boots are over $400 (they still make them)

mine are like new mainly because i bought them for special ocasions like going to weddings (obviously not mine)

so they have only ever been worn a few times

plus my feet grew so they wont fit now

my mother actually worked at the factory when she first joined the workforce, met RM many times.

[twyngwyn]

their factory is 5 minutes away from me....good to see it back in Aussie hands 🙂

[kopenhagen5]

Now if only he would do the same with UGG.

[davewil1964]

If Australian companies stopped selling out to overseas companies, there wouldn't be any need to buy 'our' brands back.

I remember when the Arnott's family were complaining about 'their' company being sold out from under them. Maybe if they hadn't relinquished control in exchange for money it wouldn't have happened. Same with RM Williams.

Ugg is different. An American company patented the name, without buying any company, which the Supreme Court said wasn't relevant in Australia, as it is a generic term not a brand. Unfortunately, the US being the US, the patent is recognised in most of the rest of the world.

[peteepie]

Are you sure you're not Eric from the ABC?

[davewil1964]

Who's Eric?

And if that's all you've got, why did you bother posting at all?

[myoclon1cjerk]

I was going ro suggest a spelling change to Ugh, but on reflection it's probably already licensed to Batman Inc along with BOOF! and KAPOW!!

[dvd.horder]

cause he has too much money

[myoclon1cjerk]

Nothing to do with sentiment or keeping an Aussie icon in Australian hands. He's a canny business man who can spot a bargain and he swooped.