L Capital’s holding in the business was valued at about $55m according to Reuters, which cited a source close to the deal.
The remaining stake will be held by the family of RM Williams chairman Ken Cowley, who said the business would continue to manufacture its products in Australia.
A statement from the company said it expected L Capital’s stake purchase to be completed next month along with the naming of new board members.
L Capital is the Asian private equity arm of conglomerate Louis Vuitton Moet Hennessey (LVMH), which controls brands including Christian Dior, Givenchy and Marc Jacobs.
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