Athletic apparel maker Vuori reaches $5.5 bln valuation in latest funding round
Nov 8 (Reuters) -California-based premium athleisure wear maker Vuori Inc said on Friday that global investors General Atlantic and Stripes led an investment round worth $825 million, taking up the brand's valuation to $5.5 billion.
The investment is structured as a secondary tender offer that includes a group of other investors as well.
In 2021, SoftBank's 9984.T venture capital fund invested $400 million in the company, then valuing the business at $4 billion.
Activewear makers have enjoyed steady demand since the pandemic, as customers stuck at home shopped for everything from yoga pants to sports shoes.
The company, which makes $100 leggings and $64 sports bras, has quickly grown in popularity among young consumers in the United States alongside rival Alo Yoga and category leader Lululemon Athletica LULU.O.
Founded in 2015, Vuori plans to exceed 100 stores in 2026 with a focus on expansion in key markets in Europe and Asia.
The U.S. athleisure market is expected to grow at a compounded annual growth rate of 7% through 2028, according to the statement from Vuori.
Reporting by Savyata Mishra in Bengaluru; editing by Alan Barona
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
