A group of Australian designer brands are set to join the $ 800 million Karrinyup shopping mall redevelopment, as a new report reveals the booming fashion industry employs almost twice as many people as the mining sector.
New Karrinyup labels 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. The investment arm of WA billionaire Andrew Forrest, Tattarang, bought the company for $ 190 million, of which movie star Hugh Jackman is the 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 Perth’s first store of Sephora, the global makeup juggernaut.
Australia’s fashion and textile industry was found to be worth $ 27.2 billion a year 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 revenues, accounting for nearly 2% of total exports. This put fashion and textiles ahead of wine and beer exports.
Afterpay chief executive Anthony Eisen said a full assessment of the industry and its “far-reaching economic impact” was long overdue.
Overall, the industry has grown during the COVID-19 pandemic, largely thanks to an increase in online sales, but supply chain volatility and rising business costs have continued. proven to be the biggest challenges in the industry.
The report also found that about three-quarters of the workforce are women, compared to the national average of 47 percent.
Australian Fashion Council chief executive Leila Naja Hibri said the research highlighted the “real economic weight” 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.