Iron-ore billionaire Andrew Forrest’s family office has struck a deal to buy Australian hat maker Akubra Hats Pty Ltd., deepening the Fortescue Metals Group Ltd. founder’s ownership of local apparel labels.
Forrest and his wife Nicola’s investment firm Tattarang Pty Ltd. will acquire the manufacturer of cowboy hats from the fifth generation of the Keir family, they said in a statement Sunday. They didn’t disclose the value of the deal.
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