How Vuori reached a $5.5 billion valuation by taking share from Lululemon
Publishing timestamp: 2024-12-19 12:00:01
Summary
Vuori, a coastal California athleisure company, has reached a $5.5 billion valuation after an investment round led by General Atlantic and Stripes. Despite facing challenges in the crowded athleisure space, Vuori's profitable business model and focus on product quality have set it apart from competitors. The company is planning for an IPO and has seen steady growth and profitability since its launch in 2015. Investors are impressed with Vuori's disciplined approach to growth and its ability to resonate with consumers.
Sentiment: MIXED
Keywords: business, lululemon athletica inc, business news, retail industry, private equity management, levi strauss & co, gap inc, breaking news: business, apparel retail, sports apparel manufacturing, apparel manufacturing,
Source: https://www.cnbc.com/2024/12/19/how-vuori-is-taking-on-lululemon.html