R. M. Williams (company)

Last updated

R.M. Williams
Company typePrivate
Industry
  • Retail
  • Manufacturing
Founded1932;92 years ago (1932)
Founder R. M. Williams
Headquarters,
Key people
  • Paul Grosmann (CEO)
Products
  • Footwear
  • Clothing
Number of employees
~900 (2020)
Parent Tattarang
Website www.rmwilliams.com.au

R.M. Williams is an Australian footwear and clothing company. It is best known for producing chelsea boots for men and women. The company was founded by Reginald Murray "R.M." Williams. It is currently owned by Tattarang, an investment company owned by mining magnate Andrew Forrest.

Contents

History

R. M. Williams founded the company in 1932 RMWilliams.jpg
R. M. Williams founded the company in 1932

R. M. Williams learned his leather-working skills in the Flinders Ranges region of South Australia, from a stockman called Michael George Smith, commonly known as “Dollar Mick”, who was originally from Lyndhurst, a bit further north. Dollar Mick was camping at Italowie Gorge in the Gammon Ranges (part of the Flinders), not far from where the Nepabunna Mission had been established by the United Aborigines Mission (UAM), an interdenominational Christian group, in 1931. Williams had become a missionary with the UAM in 1927. Dollar Mick, who was an Aboriginal man, [1] taught Williams how to make bridles, pack saddles and riding boots [2] and general leatherwork skills. Dollar Mick and Williams together developed the distinctive design that is a variation on the chelsea boot, made out of one piece of leather, that became a cornerstone of the business. [1]

In 1932, with his son's illness and the expense of hospital treatment, Williams was in need of money and began selling his saddles to Sir Sidney Kidman, a wealthy pastoralist. With the money earned from the first orders, Williams started a small factory. [2]

In addition to Dollar Mick, who had married a local Adnyamathanha (Yura) woman, Williams employed several Adnyamathanha people from the mission. The Yura people had been making waterbags (yakutha) and clothing (valdha) from animal skins, sewn with bone needles, for a long time before European settlement. Oral accounts passed down through the generations is corroborated by written sources of the time, including reports in the UAM newsletter, The United Aborigines’ Messenger, producing a timeline of the growth of the workshop from 1932 to 1934, often written by Williams or his wife, Thelma. Younger boys were paid “by results”, being paid a penny for each component, such as a sole. Older men were paid fifteen shillings each week, as well as being provided with meals, boots and clothing. The workers were expected to "uphold Christian teaching", and the boys were not allowed to undergo traditional initiation rites. A pair of boots sold for 20 shillings by mail order in March 1934. [1]

In December 1933, Williams wrote to the Chief Protector of Aborigines, reporting that his workshop supported 9 people as well as himself and his wife. He departed the mission in April 1934, after Thelma had returned to Adelaide to have their baby son Ian's trachoma treated, and another missionary took over his post at Nepabunna. There had been some friction between Williams and the UAM, possibly because they wanted him to pay the mission so that they could distribute the money, while he wanted to pay the Adnyamathanha people wages, although different versions of the story exist. Williams also asked for government to help fund his growing industry. Much later (1984), Williams said "had we been allowed to remain and develop the ideas which later were the foundation of our large industry, that alone could have transformed the lives of the people economically”. [1]

A range of R. M. Williams products for sale in a David Jones store RM Williams items at the Elizabeth Street David Jones store April 2023.jpg
A range of R. M. Williams products for sale in a David Jones store

Back in Adelaide, Williams restarted his factory in his father’s shed in Prospect. In the 1950s, a small group of Nepabunna people went to see "old Reg" in Adelaide, but were disappointed by his lack of enthusiasm for meeting them, and did not get to see his wife. “Dollar Mick” Smith died in 1969, after moving back up north to Lyndhurst after the death of his wife at Nepabunna. There remains a feeling among the local Yura descendants of his workers that he did not properly acknowledge their contribution to his success, in particular Dollar Mick and a man called Rufus Wilton. [1]

Williams sold the business in 1988 to the long-established South Australian stock and station agents Bennett & Fisher. That business went into receivership in 1993, after banks were concerned about $16 million of debts. [3] [4] [5] R.M. Williams was then placed under the ownership of long-time friend Ken Cowley, who acted in partnership with Australian business mogul Kerry Stokes, and together with his family,[ citation needed ] presided over R.M. Williams for 10 years. In late 2003, Cowley assumed full ownership of R.M. Williams when he bought out Stokes' and other shareholders' stake for $12.5 million. [6]

On 26 March 2013, the Cowley family released a statement which announced an intention to sell the company to a new owner for A$100 million. The statement described the sale process as an assessment of "external commercial growth and expansion plans", and the list of potential buyers included Oroton Group, Premier Investments and LVMH. [7] In April 2013, R.M. Williams sold a 49.9% stake to L Capital Asia (which later became L Catterton), the private equity affiliate of LVMH. [8] In 2014, L. Catterton increased its stake to 82% of R.M. Williams. [9]

In February 2016, LVMH got full ownership of the company. [10]

In May 2019 R.M. Williams was placed for sale, with its owners reportedly seeking A$400–500 million. [9] As of April 2020, L. Catterton owned the majority share with 82%, IFM Investors owned 13% and actor Hugh Jackman owned the remaining 5%. [11]

In October 2020, Andrew Forrest's Tattarang investment company acquired R.M. Williams for A$190 million. [12]

Products

R.M. Williams elastic side riding boots Riding boots.JPG
R.M. Williams elastic side riding boots
R.M. Williams lace-up boots RM Williams Gibson boots - 3 quarter view.jpg
R.M. Williams lace-up boots

Williams' most successful products were handcrafted riding boots. These boots were unique when they were introduced to the market, as they consisted of a single piece of leather that was stitched at the rear of the boot (the models that featured an elastic side have been particularly popular). As of 2013, the R.M. Williams Company produced handcrafted riding boots, with the use of 70 hand processes and a single piece of leather externally (with the inside lining being made up of several pieces).

Over recent years R.M. Williams has focused on becoming a luxury shoe company aimed at city-dwellers. [13] R.M. Williams boots are often worn by Australian politicians. [14] Pairs of the boots have also been given to foreign leaders by Australian prime ministers. [15]

R.M. Williams' Craftsman boots were selected as the Australian Army's standard parade boots in 2013 following a competitive tender. [16]

The company brand is a Texas longhorn cattle head. Since 2015, Hugh Jackman has been a brand ambassador for the company. [12]

Manufacturing

As of 2022, R.M.Williams crafts their leather boot range, belts, small leather goods, and a growing portion of their apparel and accessories in their Adelaide-based workshop. [17]

In late 2019 it was reported R.M. Williams was doubling its production of boots to 500,000 pairs per year by 2023, and was aiming to achieve revenue of A$153 million over 2019. [18]

Locations and employees

R.M. Williams' headquarters is located in Salisbury, South Australia, a suburb of Adelaide. [19] As of March 2013, R.M. Williams Pty Ltd consisted of 50 retail stores, 900 stockists and exports to 15 countries. [7] In 2013 the company employed 600 people globally, 300 of them based in South Australia. [7]

As of December 2020, it operated around 64 of its own retail stores in Australia and 7 in other countries. [6] As of 2019, its boots were available in 500 department stores. [13]

In 2020 it employed 400 people at its Salisbury workshop and another 500 across Australia. [20]

See also

Related Research Articles

<span class="mw-page-title-main">Wellington boot</span> Type of waterproof boot

The Wellington boot, often shortened to welly and also known as the gumboot, is a type of waterproof boot.

<span class="mw-page-title-main">Dr. Martens</span> Footwear brand

Dr. Martens also known as Doc Martens, Docs, or DMs, is a footwear and clothing brand, headquartered in Wollaston, Northamptonshire. Although famous for its footwear, the company also makes a range of accessories including clothing and bags. The footwear is distinguished by its air-cushioned sole, upper shape, welted construction, and yellow stitching. The Dr Martens' design studio is in Camden Town, London England. The company manufactures in the UK, China, Vietnam, Laos, and Thailand. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

<span class="mw-page-title-main">Fendi</span> Italian enterprise and fashion house

Fendi is an Italian luxury fashion house producing fur, ready-to-wear, leather goods, shoes, fragrances, eyewear, timepieces and accessories. Founded in Rome in 1925, Fendi is known for its fur, fur accessories, and leather goods. Since 2001, Fendi has been part of the “Fashion & Leather Goods” division of the French group LVMH. Its headquarters are in Rome, in the Palazzo della Civiltà Italiana.

<span class="mw-page-title-main">LVMH</span> French multinational luxury goods conglomerate

LVMH Moët Hennessy Louis Vuitton, commonly known as LVMH, is a French multinational holding and conglomerate specializing in luxury goods, headquartered in Paris. The company was formed in 1987 through the merger of fashion house Louis Vuitton with Moët Hennessy, which was established following the 1971 merger between the champagne producer Moët & Chandon and the cognac producer Hennessy. In April 2023, LVMH became the first European company to surpass a valuation of $500 billion. In 2023, the company was ranked 47th in the Forbes Global 2000.

<span class="mw-page-title-main">Ugg boots</span> Type of sheepskin boot from Australia

Ugg boots are a unisex style of sheepskin boot originating in Australia. The boots are typically made of twin-faced sheepskin with fleece on the inside, a tanned outer surface and a synthetic sole. The term "ugg boots" originated in Australia, initially for utilitarian footwear worn for warmth, and which were often worn by surfers during the 1960s. In the 1970s, the boots were introduced to the surf culture of the United Kingdom and the United States. Sheepskin boots became a fashion trend in the U.S. in the late 1990s and a worldwide trend in the mid-2000s. In Australia, they are worn predominantly as slippers and often associated with daggy fashion sense and bogan culture.

<span class="mw-page-title-main">Australian work boot</span> Style of work boot

An Australian work boot is a style of work shoe, typically constructed with a leather upper bound together with elastic sides and pull tabs on the front and back of the boot. The shoe lacks a tongue, and laces, and often contains a steel toe cap for occupational health and safety reasons. When the shoe contains a steel cap they are often known as "safety boots" or "steel toe boots". The boots generally lack an inner lining. The sole is generally polyurethane and the leather uppers are treated to be resistant to hot water, fats and mild alkaline and acid solutions.

<span class="mw-page-title-main">R. M. Williams</span> Australian businessman

Reginald Murray "R.M." Williams AO CMG was an Australian bushman and entrepreneur who rose from a swagman to a millionaire. He was born at Belalie North near Jamestown in the Mid North of South Australia, 200 kilometres (120 mi) north of Adelaide CBD, into a pioneering settler family working and training horses. Williams had many adventures in Australia's rugged outback as a bushman, and became known for creating an Australian style of bushwear clothing and footwear recognised worldwide and the company that bore his name.

<span class="mw-page-title-main">Football boot</span> Footwear worn when playing association football

Football boots, called cleats or soccer shoes in North American English, are a type of shoe worn when playing association football (soccer). Those designed for grass pitches have studs on the outsole to aid grip. From simple and humble beginnings football boots have come a long way and today find themselves subject to much research, development, sponsorship and marketing at the heart of a multi-national global industry. Modern "boots" are no longer truly boots in that they do not cover the ankle - like most other types of athletic footwear, their basic design and appearance has converged with that of sneakers since the 1960s.

The Adnyamathanha are a contemporarily formed grouping of several distinct Aboriginal Australian peoples of the northern Flinders Ranges, South Australia. The ethnonym Adnyamathanha was an alternative name for the Wailpi but the contemporary grouping also includes the Guyani, Jadliaura, Pilatapa and sometimes the Barngarla peoples. The origin of the name is in the words "adnya" ("rock") and "matha".

Kaurna is a Pama-Nyungan language historically spoken by the Kaurna peoples of the Adelaide Plains of South Australia. The Kaurna peoples are made up of various tribal clan groups, each with their own parnkarra district of land and local dialect. These dialects were historically spoken in the area bounded by Crystal Brook and Clare in the north, Cape Jervis in the south, and just over the Mount Lofty Ranges. Kaurna ceased to be spoken on an everyday basis in the 19th century and the last known native speaker, Ivaritji, died in 1929. Language revival efforts began in the 1980s, with the language now frequently used for ceremonial purposes, such as dual naming and welcome to country ceremonies.

<span class="mw-page-title-main">Lyndhurst, South Australia</span> Town in South Australia

Lyndhurst is a town in north-east South Australia which is at the crossroads of the Strzelecki Track and the Oodnadatta Track. It began as a railway siding in 1878.

<span class="mw-page-title-main">Adnyamathanha language</span> Aboriginal language of South Australia

The Adnyamathanha language, also known as yura ngarwala and other names, and Kuyani, also known as Guyani and other variants, are two closely related Australian Aboriginal languages. They are traditional languages of the Adnyamathanha of and the Kuyani peoples, of the Flinders Ranges and to the west of the Flinders respectively, in South Australia.

<span class="mw-page-title-main">Tod's</span> Italian luxury fashion house

Tod's S.p.A. is an Italian luxury fashion house specialized in footwear, apparel, and related accessories headquartered in Marche, Italy. Its core branding includes an oval nameplate, a roaring lion, with signature brown and orange packaging. The company is an influencer in the Sprezzatura fashion movement. Its highest-selling products are pebble-sole “Gommino” driving shoes, leather (suede) loafers, boots, sneakers, and handbags.

<span class="mw-page-title-main">Berluti</span> Prestigious leather maker

Berluti is a French leather maker that manufactures menswear, especially the leather finishing of calfskin, kangaroo leather and alligator skin in its production of shoes and boots. It makes leather belts, bags, and wallets, as well as bespoke and ready-to-wear garments. Established in 1895 by Italian Alessandro Berluti of Marche, Berluti is based in Paris on rue Marbeuf. The brand was bought by LVMH in 1993. The latest creative director was Kris Van Assche (2018-2021).

Nepabunna, also spelt Nipapanha, is a small community in the northern Flinders Ranges in north-eastern South Australia, about 600 kilometres (370 mi) north of Adelaide. It is located just west of the Gammon Ranges, and the traditional owners are the Adnyamathanha people.

<span class="mw-page-title-main">Andrew Forrest</span> Australian mining businessman (born 1961)

John Andrew Henry Forrest, nicknamed Twiggy, is an Australian businessman. He is best known as the former CEO of Fortescue Metals Group (FMG), and has other interests in the mining industry and in cattle stations.

Rossi Boots is a South Australian boot manufacturer founded in 1910. The business continues to operate both the factory and headquarters in Kilburn, South Australia.

L Catterton is an American multinational private equity firm. Founded in Greenwich, Connecticut in 1989, the fund has made over 250 investments in brands across all segments of the consumer industry. The firm is led by co-CEOs J. Michael Chu and Scott Dahnke. Originally Catterton Partners, the fund merged with Bernard Arnault's family office and LVMH in 2016 to create L Catterton.

<span class="mw-page-title-main">Henbury Station</span> Pastoral lease in Northern Territory

Henbury Station is a cattle station in the Northern Territory of Australia. In March 2022 Henbury was purchased by Tim Edmunds for A$32 million, including its 3500 cattle.

Tattarang is an Australian private investment company owned by Andrew Forrest and his family. Tattarang invests in a diverse range of businesses across agri-food, energy, health technology, property, resources, and lifestyle. The group is made up of six business divisions: Fiveight, Harvest Road, Squadron Energy, Tenmile, Wyloo Metals and Z1Z.

References

  1. 1 2 3 4 5 Marsh, Walter (1 May 2021). "Sole of a nation". The Monthly . Retrieved 17 May 2021.
  2. 1 2 "R.M. Williams (1908-2003)". Australian Broadcasting Corporation. 5 November 2003. Archived from the original on 21 April 2006. Retrieved 19 June 2006.
  3. "R. M. Williams not for sale, yet". The Canberra Times . Vol. 67, no. 21, 254. 24 June 1993. p. 19. Retrieved 20 January 2018 via National Library of Australia.
  4. "IN BRIEF R M Williams float option". The Canberra Times . Vol. 67, no. 21, 303. 12 August 1993. p. 17. Retrieved 20 January 2018 via National Library of Australia.
  5. "R. M. Williams gets a boost". The Canberra Times . Vol. 62, no. 19, 042. 23 November 1987. p. 17. Retrieved 20 January 2018 via National Library of Australia.
  6. 1 2 Evans, Simon (17 December 2020). "RM Williams online sales double in pandemic shift" . Australian Financial Review. Archived from the original on 17 December 2020. Retrieved 19 December 2020.
  7. 1 2 3 Austin, Nigel (26 March 2013). "Legendary Australian bush outfitter R.M.Williams up for sale". The Australian. Archived from the original on 27 March 2013. Retrieved 27 March 2013.
  8. Colquhoun, Steve (15 April 2013). "R.M. Williams to remain Australian after sale". The Sydney Morning Herald. Retrieved 19 December 2020.
  9. 1 2 Hall, James (16 May 2019). "Aussie icon RM Williams has been put up for sale for $500 million". news.com.au. Archived from the original on 7 November 2020. Retrieved 1 June 2019.
  10. Ingevaldsson, Jesper (14 February 2016). "News - Louis Vuitton in full control of RM Williams". Shoegazing.com. Retrieved 25 November 2022.
  11. Evans, Simon (31 March 2020). "Bootmaker RM Williams shuts factory with 709 stood down" . Australian Financial Review. Archived from the original on 11 December 2020. Retrieved 19 December 2020.
  12. 1 2 Powell, Dominic (18 October 2020). "Payday for Wolverine as Forrest acquires RM Williams". The Sydney Morning Herald. Archived from the original on 17 December 2020. Retrieved 19 December 2020.
  13. 1 2 Hatch, Patrick (16 May 2019). "The Greatest Showman seeks $25 million R.M. Williams payday". The Sydney Morning Herald. Retrieved 1 June 2019.
  14. Street, Andrew P. (10 July 2014). "RM Williams: these boots are made for posing (if you're an Aussie politician)". The Guardian. Retrieved 16 June 2019.
  15. Jolliffe, David (12 November 2012). "Kevin Rudd's riding boots". Blog. Museum of Australian Democracy. Retrieved 16 June 2019.
  16. Austin, Nigel (12 August 2013). "RM Williams to supply Army with boots for next five years". The Advertiser. Retrieved 16 June 2019.
  17. Roberts, Peter (27 January 2021). "RM WILLIAMS TO RESHORE SOME PRODUCTION". AUManufacturing.
  18. Evans, Simon (17 October 2019). "RMs wins as 'boot boys, girls' reject fast fashion" . Australian Financial Review. Archived from the original on 22 October 2020. Retrieved 20 October 2019.
  19. "Company Overview of R.M.Williams Pty Ltd". Bloomberg. Retrieved 1 June 2019.
  20. "Andrew Forrest buys iconic bootmaker RM Williams". www.abc.net.au. 18 October 2020. Retrieved 18 October 2020.