Brands made its initial public offering, opening below the initial public offering price.Ĭopyright © 2022 All rights reserved. based digitally native, DTC men’s brand for a total of 48. Brands' or the 'company'), today announced that it has acquired all of the equity interests of mnml, a U.S. Brands, an accelerator that cultivates direct-to-consumer fashion brands, has acquired Mnml, a DTC menswear brand, for 48.6 million in cash and equity, according to a. portfolio and work closely with Culture Kings to create value and opportunities for both of our businesses.” (NYSE: AKA), a brand accelerator of direct-to-consumer (DTC) fashion brands for the next-generation, ('a.k.a. We are excited to join the other great brands in the A.K.A. If you like the product just get it, regardless of the stigma behind the brand. Brands’ highly skilled leadership team and their extensive experience scaling successful e-commerce businesses while preserving brand authenticity. "We are confident that our customers and our brand will benefit from A.K.A. Brands is a top-tier acquirer and accelerator of DTC brands and the perfect partner to scale Mnml," said Matthew Fields, founder and chief executive officer of Mnml. Year-to-date, Mnml delivered market-beating net revenue growth while also generating double-digit EBITDA margin. SHOP ALL MEN WOMEN Shop by Style Barrel Bangle Military Modern MNML Shop All Styles New Arrivals NEW ARRIVALS Inspired by nature, committed to honoring it. Final Sale Final Sale Up to 60 OFF select items SHOP NOW. In fiscal 2020, Mnml’s net revenue was approximately $20 million and about 20 percent of that was from outside of the U.S. Dress like an original with flare to wear for time well spent. The acquisition reinforces our presence in the vibrant streetwear market, and we are confident that Mnml has tremendous opportunities for meaningful growth in the U.S. Earlier this month, the fashion holding company acquired Los Angeles -based direct-to-consumer men’s streetwear brand Mnml for 48.6 million. Discount applied automatically Shop it now SHOP BY COLLECTION.
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“Mnml’s merchandising expertise and highly loyal customer base provides synergistic opportunities with Culture Kings that we believe will unlock compelling growth for both brands. Our vision for THE MNML is to create luxury basics so comfortable it’s like a second skin minimal fuss, maximum style minus the negative impact. Like Graham Fink, they'll be the figureheads for the future.
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and Australia, in addition to its own website, mnml.la. How to Create the World's Best Print for Brands in the 21st Century Jim Aitchison. portfolio, where Mnml will be sold through Culture Kings in the U.S. Ramsey also noted an obvious synergy with the A.K.A. The Los Angeles-based Mnml, founded in 2016, is recognized as an early mover in the DTC streetwear segment, thanks to its modern wardrobe staples, current trends and highly sought-after styles.
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