R.M. Williams, the Iconic Australian bootmaker, has reportedly been put up for sale. R.M. Williams is majority-owned by L Catterton Asia, a private equity firm based in Singapore and backed by LVMH. Hugh Jackman, the Australian-born Hollywood actor who most recently starred in The Greatest Showman, has a 5 percent stake in the company. L Catterton has been a major shareholder of R.M. Williams since 2013, when it acquired a 49.9 percent stake from Ken Cowley, the former chairman and chief executive of News Corp Australia. The investment firm took control a year later.

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