Vuori’s brand valuation shoots up to $5.5 billion on new investment
“As we continue to drive momentum, growth, and market share gains, we are grateful to have the additional partnership of these leading organizations,” said Joe Kudla, founder and CEO of Vuori. “Alongside our existing major investors, General Atlantic and Stripes will be key strategic partners and supporters in our ongoing mission and growth journey. They bring industry expertise and track records in helping emerging category leaders accelerate their expansion efforts while sustainably scaling globally.”
As part of the transaction, Andrew Ferrer, managing director at General Atlantic, will join the Vuori board of directors.
“Vuori’s immense consumer loyalty and incredible product reflect the brand’s relentless focus on quality and innovation, customer experience, and cultivating its team and community. said Ferrer. “Vuori has significant whitespace to expand globally, supported by long-term tailwinds in athleisure and a large addressable market across women’s and men’s activewear apparel. We look forward to partnering and leveraging our global footprint to support these efforts for years to come.”
Vuori has described its performance apparel as being inspired by the active coastal California lifestyle — an integration of fitness, yoga, surf and life.