The recently discovered material Cs$_3$Fe$_2$Br$_9$ contains Fe$_2$Br$_9$ bi-octahedra forming triangular layers with hexagonal stacking along the $c$ axis. In contrast to isostructural Cr-based compounds, the zero-field ground state is not a nonmagnetic $S=0$ singlet-dimer state. Instead, the Fe$_2$Br$_9$ bi-octahedra host semiclassical $S=5/2$ Fe$^{3+}$ spins with a pronounced easy-axis anisotropy along $c$ and interestingly, the intra-dimer spins are ordered ferromagnetically. The high degree of magnetic frustration due to (various) competing intra- and inter-dimer couplings leads to a surprisingly rich magnetic phase diagram. Already the zero-field ground state is reached via an intermediate phase, and the high-field magnetization and thermal expansion data for $Hparallel c$ identify ten different ordered phases. Among them are phases with constant magnetization of 1/3, respectively 1/2 of the saturation value, and several transitions are strongly hysteretic with pronounced length changes reflecting strong magnetoelastic coupling.
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