Streetwear M&A activity continues to heat up. By now you have heard about Supreme’s 500 million investment from the Carlyle Group and is currently valued in the billions of dollars. The trend continues with the announcement earlier this week with Tomorrow London Holdings acquiring a ‘substantial minority stake in London-based streetwear brand A-COLD-WALL* for an undisclosed sum.
“We’ve always been a company that has been self-funded, without debt, [and] to continue executing our ideas to the highest level, it was a natural progression to enter a partnership with someone that could meet our requirements,” reads a statement from A-COLD-WALL* founder Samuel Ross. It’s been a long time coming. This week famed street style designer Dapper Dan announced the opening of his by appointment only Gucci fashion boutique in Harlem. “A sign of the times. For the 1st time in history, a major luxury brand store has opened in Harlem: Gucci by Dapper Dan Harlem with made-to-order garments for your taste & in your specific measurements, I will create your design from your mind, or come up with a design for you,” Dan tweeted Wednesday morning. Vigil Abloh introduced his affordable capsule line this week available exclusively only at the 11 Off-White stores around the world decked out in the famous streetwear-inflected fashion label’s signature black and white diagonal stripes and quotation marks. “Off-White can be luxury at a traditional luxury price point, or equally it can be relevant at an affordable price point,” says Virgil Abloh. What Supreme, A Cold Wall, OFF-WHITE, Dapper Dan, Homme + Femme Los Angeles and other emerging streetwear brands and designers all have in common is their humble organic beginnings and varied taste. Streetwear culture is diverse and makes products that challenge traditional fashion, and these latest deals are symbolic of streetwear’s high growth potential, and now some smart investors want in. It also raises a question of whether corporate dollars will dilute the market – But also, more importantly, speaks to the fact that how authentic culture will always supersede manufactured.
More B.O.S.S M&A MOVE$ here.
LONDON, United Kingdom – Earlier this year, private equity giant Carlyle is said to have paid $500 million for a roughly 50-percent stake in streetwear label Supreme in a deal that valued the business at over $1 billion.