UK-based hedge fund acquires celeb style model Dimepiece in $50 million deal

UK-based hedge fund acquires celebrity fashion brand Dimepiece in $50 million deal


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(London, UK) March 12, 2021:Dimepiece LA, a clothes model acknowledged by celebrities and road fashionistas alike for its fashion-forward seems and empowering and galvanizing messaging and aesthetics has been acquired by an undisclosed UK-based hedgefund in a $50 million takeover deal that can see the model re-launched within the UK later this 12 months. 

Dimepiece LA, which was launched in early 2007 rapidly gained traction within the US style world due to its daring look andwoke messaging. The feminine-led, girl’s style model contains hoodies, sweatshirts, hats, clutches, and a wide range of different equipment in its newest line.

Amongst its followers are former United States First Woman, Michelle Obama, who wore objects from the model’s line throughout her look at SXSW, celeb and style influencer Kylie Jenner throughout an look at an Adidas occasion in 2018 additionally flaunted fashions from the Dimepeice and acclaimed singer-songwriter Missy Elliot was additionally noticed carrying the model’s signature look whereas talking on the Worldwide Girls’s Convention on the SXSW pageant.

The model, which prides itself on having a few of the most environmentallyfriendly delivery strategies that are designed to be much less damaging to each human and animal habitat has, since its inception, been a company chief with a give attention to variety, environmentalism and feminine management. The administration and route proven by the model’s founders Laura Fama and Ashley Joneshave led to the model being positioned nicely forward of the pattern. The model’s persona and heartfelt dedication to social and environmental justice have led to it being embraced by a few of the style world’s largest publications together with Vogue, Elle, Cosmopolitan, Vice, amongst different prime publications.

This week’s acquisition by the UK-based hedge fund will present a chance for Dimepiece to develop the model globally. The hedge fund intends to give attention to a UK model relaunch later this 12 months. Dimepiece LA can be re-launched with new company management and a barely totally different route.

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