The amount of the transaction was not disclosed.
The company intends to use the proceeds from the investment to continue their retail growth, expand their e-commerce business, and develop their product categories.
Founded in 2020 and led by Managing Partners Marcus Wainwright and David Neville, rag & bone offers includes men’s and women’s apparel, footwear, and accessories collections. The company operates 11 stores worldwide, four in New York City, Washington D.C., Boston, Dallas, London, Los Angeles, Seoul, and Tokyo and an e-commerce store at http://www.rag-bone.com.
The products are also available in high-end boutiques and exclusive department stores in over 39 countries worldwide.