My Fashion Republic Group partners with a leading Private Equity company in Australia to accelerate its growth.

Sydney, Australia, May 2021 – My Fashion Republic Group has successfully completed its fundraising with the well-known Private Equity firm “The Growth Fund”. The total transaction amounts a total of 18 million AUD.

With a market leading track record of delivering outstanding results for business founders and management teams, The Fund will help My Fashion Republic Group achieve its growth potential.

This is a privilege as they exclusively provide capital to strongly performing businesses and also a major turning point for My Fashion Republic Group which targets to increase its turnover significantly. In a five-year time frame, the objective is $160m EV in 2026 and considering the company’s IPO as a potential exit.

About My Fashion Republic

Founded in 2015, MFR is a fashion luxury group with a main asset: Cosette www.cosette.com.au

COSETTE’s goal is to become the leading sales site for luxury leather goods.

Cosette is an Australian E-commerce B2C & B2B2C platform that facilitates the clearance of overstock from retailers focusing on high-end leather goods from the most prestigious luxury European brands. It also operates a flagship store in Sydney and holds one of the rare duty-free licenses in Australia.

With its clear value proposition that is unique in Australia, Cosette is committed to preserve “brand identity”. As a result, Cosette is well-regarded by players that service the market, who act on behalf of the brands.