View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
March 30, 2021updated 29 Apr 2021 11:12am

UK hedge fund snaps up Dimepiece LA for US$50m

US clothing brand Dimepiece LA has been acquired by an undisclosed UK-based hedge fund in a US$50m takeover deal that will see the brand re-launched in the UK later this year. 

By admin-demo

US clothing brand Dimepiece LA has been acquired by an undisclosed UK-based hedge fund in a US$50m takeover deal that will see the brand re-launched in the UK later this year.

A female-led, woman’s fashion brand, Dimepiece LA launched in early 2007 and offers hoodies, sweatshirts, hats, clutches, and a variety of other accessories in its latest line.

The brand has been worn by former United States First Lady Michelle Obama, celebrity and fashion influencer Kylie Jenner, and acclaimed singer-songwriter Missy Elliot.

Dimepiece LA prides itself on having some of the most environmentally friendly shipping methods, which are designed to be less destructive to both human and animal habitats.

Its acquisition will provide an opportunity for the brand to expand its global footprint, with the hedge fund intending to focus on a UK brand re-launch later this year.

Under the plans, Dimepiece LA will be re-launched with new corporate leadership and what is described as a “slightly different direction”.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The industry's most comprehensive news and information delivered every quarter.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Style