Home / Knowledge / News / Fashion / Foot Locker takes a minority stake in Carbon38
Foot Locker takes a minority stake in Carbon38
28
Jan '18
Courtesy: Carbon38
Courtesy: Carbon38
Foot Locker, the New York-based specialty athletic retailer, has decided to strategically invest in Carbon38, taking a minority stake in the world's destination for women's luxury activewear. The $15 million Series A funding round brings the funds raised by Carbon38 to $26 million since 2013. Carbon38 focuses on meeting the needs of modern American women.

"We have admired the Carbon38 story and mission since we met three years ago," said Lauren B Peters, Foot Locker's executive vice president and chief financial officer. As part of the partnership, Peters will join Carbon38's Board of Directors. "Katie and the team at Carbon38 have done an amazing job creating a brand with an extremely loyal following in the fitness and fashion worlds. In addition to the support of Carbon38's exceptional growth potential that our investment provides, we expect to leverage the team's keen industry insights and focus in order to elevate our own SIX:02 banner's performance."

"We are excited to have Foot Locker as an investor as we continue to scale our business and expand our omni-channel strategy, both in the US and internationally," said Katie Warner Johnson, Carbon38 co-founder and CEO. "This funding enables us to accelerate our path of rapid growth and achieve our mission of defining a new category of luxury active ready-to-wear for women."

Guggenheim Securities is serving as exclusive financial advisor to Foot Locker in connection with this investment, with Skadden, Arps, Slate, Meagher & Flom providing legal counsel. Piper Jaffray and Latham & Watkins are advising Carbon38. (SV)

Fibre2Fashion News Desk – India


Must ReadView All

US commerce department finds dumping of low melt PSF

Textiles | On 20th Jun 2018

US commerce department finds dumping of low melt PSF

The US department of commerce (USDC) has announced affirmative final...

Courtesy: Aditya Birla

Textiles | On 20th Jun 2018

'Growth of VSF yarn industry is difficult'

Growth for the viscose filament yarn (VSF) yarn industry is...

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Apparel/Garments | On 20th Jun 2018

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Italian company Eurojersey Spa will present in 2019 new embossing...

Interviews View All

Top executives
Textile industry

The foremost issue is bridging the skill gap

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search