Thread: Twiggy Forrest

Originally Posted by China

Bravo to twiggy Forrest, no matter what you think of him he is doing what many others should be doing bringing Australia back to Australia

Can you enlighten us a bit more?

Originally Posted by RSD

Can you enlighten us a bit more?

He bought the R M Williams company. If I recall correctly, it was previously owned by Louis Vuitton.

As far as it goes; that's fine. That said, the previous owners probably saved it from extinction.

Twiggy Forrest has purchased R.M Williams from the private equity group L Catterton group it is now fully Australian owned again.

Originally Posted by China

Twiggy Forrest has purchased R.M Williams from the private equity group L Catterton group it is now fully Australian owned again.

Ah OK - that is some good news - and indeed well done to Twiggy! We could use a few more people like that!

Not wanting to take anything away from Twiggy because he’s doing a great job but you have to ask about the rules and financial environment that we have created here that these iconic Australian companies end up O/S in the first place

Originally Posted by Beardy

Not wanting to take anything away from Twiggy because he’s doing a great job but you have to ask about the rules and financial environment that we have created here that these iconic Australian companies end up O/S in the first place

The environment is the greedy none caring share holders and the rules are influenced by the big end of town

I wonder if Twiggy is planning to bring the manufacturing back onshore. They're a pretty expensive pair of boots now and certainly not farm boots. Think I'll stick with my Blundstones.

mick

Originally Posted by Glider

I wonder if Twiggy is planning to bring the manufacturing back onshore. They're a pretty expensive pair of boots now and certainly not farm boots. Think I'll stick with my Blundstones.

mick

From what I read, they are made here now and he has assured staff that it will stay that way.

I am fairly sure they are made in Adelaide and have about 100 staff

Originally Posted by rwbuild

The environment is the greedy none caring share holders and the rules are influenced by the big end of town

Not disagreeing with you but it is the government of the day who sets the rules to allow these types of dealings to take place.
I don’t think you can blame the owners/ shareholders etc as they are only doing the best they can for their circumstances and who here wouldn’t do the same.

Originally Posted by Beardy

I am fairly sure they are made in Adelaide and have about 100 staff

Along with Rossi boots ..... Adelaide at the forefront of manufacturing.

Glider I don't know what clarifies a boot as a farm boot, I have personally owned several pairs of RM Boots, ( made in Salisbury South Australia) The current pair have seen years of service on the opal fields and have been resoled
They are expensive I would still pick Australian made over foreign made Blundstones

Mine just about worn to death both here and overseas.

They are so old style that they came with leather heels, very noisy and were replaced with rubber, great.

My only issue these days is finding an old fashioned “boot” maker as the ‘lastic sides have given up the ghost and need replacing.

Its interesting.

Only yesterday my son (23) asked me about various governances and the core monetary/social policies that sit behind philosophies such as communism, socialism and capitalism (and the in-betweens). It wasn't a deep question, for it was only asked (ignore-this-bit) because of the US Presidential Debate and the irrationality by one of the ... representatives.(/ignore-this-bit)

It was interesting, for I was explaining the core tenets of Marxism (without the USA-hysteria that they "think" is Marxism).... afterwards it had me thinking. I like to spend an hour in solitude to do this each day.

The aspect of "workers should own the means of production" kept coming back to me, especially within the issue of share ownership. Made me wonder, why, if a workers job is so important, do they not invest more into the share market (capitalism) to own the production of the business (Marxism). If not their own business, but someone's business.

The issue of RM Williams being rebought by an Aussie is a good one. True capitalism will sell an asset to the highest bidder. Borders should be irrelevant (although, as we all know, they are not). This had me thinking, why don't the 100 WORKERS buy the company THEMSELVES and ensure they retain a job under their own terms.

It makes one think.

They didn't.

And that there, was my answer.