Nigel Austin
$1.0B
Born
Sep 25, 1970
Age
55
Source of Wealth
Retail
Residence
Melbourne,
Citizenship
Australia
Marital Status
Married
Children
6
Education
- Nigel Austin is the founder and majority owner of the Cotton On clothing and stationery group. Its brands include Cotton On, Supre, Factorie and Typo.
- His company has close to 1,300 stores in 17 countries with 2024 revenue of around $1.4 billion.
- About half of these stores are in Australia, while the other half are spread across countries such as Singapore, South Africa and the U.S.
- Founded in 1991, Austin started selling acid-washed denim jackets from the trunk of his car in his hometown southwest of Melbourne.
- Now it sells inexpensive fashion basics, including T-shirts, leggings, sweatpants, shoes and underwear, as well as quirky stationery.
- Austin's late father, Grant Austin, ran a publicly traded clothing wholesale and import business called the Austin Group, where Austin would spend school holidays working.
- In 1991 Austin set up his first store in a small space behind a butcher shop run by his grandfather and sourced merchandise from his father.
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