Lorna Jane Clarkson, founder of the eponymous activewear brand Lorna Jane, has purchased an infamous piece of Australian real estate to innovate her brand’s retail and wellness offering. The Soma wellness retreat, located in Australia’s Byron Bay, was acquired by Clarkson for $10.98 million. “For 36 years, Lorna Jane has been built on the philosophy of active living and teaching our consumers to move, nourish and believe,” Lorna Jane’s CEO, Anna Fowler, told Inside Retail. “The S
“The Soma wellness retreat gives us a powerful new platform to bring that philosophy to life in an immersive way,” she continued.
Beyond the product
Soma will continue to operate under its original name with its dedicated team, but over the next 12 months, there will be new programs and expanded retreat offerings as Clarkson looks to integrate the retreat centre into Lorna Jane’s offering to customers.
“Customers now expect more than products; they’re looking for experiences that enrich their lives,” Fowler stated.
“With our heritage in active living, Soma was a natural acquisition because it allows us to extend what we’ve always done: inspire women to live a healthier, more connected life,” she added.
Soma is already booked out for the next five months, but it is set to host retreats, corporate retreats and experiences that allow everyone to step into the Lorna Jane lifestyle beyond just wearing the product.
“As the brand that coined the word ‘activewear’, a concept ahead of its time, we are once again leading change by reimagining what retail can be,” Fowler said.
“For us, it’s not just about creating an immersive brand experience, but about equipping our customers with tools, practices, and inspiration they can take home and incorporate into their everyday lives.”
Branded real estate
Lorna Jane is not the only retailer investing in luxury third spaces to extend its brand experience beyond products and stores.
The Los Angeles-based wellness brand Flamingo Estate is operated out of the founder’s 1940s Spanish Colonial-style mansion, where select customers who are part of the Estate Membership program can attend events.
Meanwhile, Dolce & Gabbana has put its stamp on luxury resorts around the world, and Baccarat, Missoni and Armani have all developed branded residences.
“Our customers have the opportunity to visit and stay at Soma through retreats, corporate events and curated programs,” Fowler shared.
“We’re working hard to create experiences that are not only premium but also represent our active living philosophy. It’s about making wellness tangible, while still maintaining a sense of aspiration and exclusivity,” she added.
The acquisition of Soma is part of Lorna Jane’s long-term view of the wellness industry and how the activewear category can fit into the broader industry more holistically.
“The retreat allows us to evolve from providing the tools (our activewear) to also providing the environment and experiences that embody our philosophy,” Fowler explained.
“The timing couldn’t be more powerful,” she stated.
According to the Global Wellness Institute, the global wellness economy is outpacing the 4.8 per cent growth forecast for global GDP. In 2023, the global wellness economy was valued at US$6.3 trillion and is projected to grow at a 7.3 per cent CAGR through 2028.
Fowler is aware that much like retail, the wellness industry is constantly evolving – she believes the acquisition of Soma shows Lorna Jane’s commitment to staying ahead of that curve.
“We’ll be working hard to deliver a wellness experience that’s truly unique, one that blends lifestyle, community and transformation,” Fowler concluded.
“This is just the beginning of how we’ll continue to innovate in this space.”