Banjo & Matilda
is a designer, retailer, and wholesaler of contemporary luxury knitwear
inspired by a blend of Australian heritage and beach lifestyle. Founded in
Bondi Beach, Australia, the company launched its clothing line in 2008 with the
goal to create a globally recognized clothing brand that will eventually become
a global Australian lifestyle brand.
The company’s core
business is contemporary cashmere knitwear for women, though future plans
include expanding the clothing line to include knitwear for men and children,
among other products. Banjo & Matilda products are designed in the
company’s design studios in Sydney, Australia, and are available online, and in
major and specialty retailers worldwide.
“By combining our
unique designs and Australian beach lifestyle heritage, and our approach to
making beautiful products from the best materials and as sustainably as
possible, we believe Banjo & Matilda fulfills a unique and very large
segment of the global fashion and lifestyle market,” co-founder, president and
CEO Ben Macpherson stated in a recent news release.
Based on industry
feedback and sales data, Banjo & Matilda finds that knitwear is equivalent
to approximately 30 percent of apparel sales in North America and Europe. The
company’s target customer group is professional women ages 25 – 55 who have a
significant level of disposable income and typically are in double income
households.
For the 12 months of
the fiscal year ended June 30, 2013, Banjo & Matilda recorded revenue of
$1.7 million, an increase of 81.3 percent compared to revenues of $773,369 for
full-year 2012. Net income increased 108.2 percent to $21,752 for fiscal 2013,
compared to a net loss of $266,302 for fiscal 2012.
In the last three
months, shares of Banjo & Matilda have increased 166.67 percent.
For more
information, visit www.banjoandmatilda.com
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